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Deposit Protection Scheme (Amendment) Ordinance 2016 gazetted (Financial Services and the Treasury Bureau of the Hong Kong Special Administrative Region of the People's Republic of China)

Edit Public Technologies 29 Mar 2016
The Secretary for Financial Services and the Treasury, Professor K C Chan, said, "The Amendment Ordinance equips the DPS with a ... The Chief Executive of the Hong Kong Monetary Authority, Mr Norman Chan, said, "The enhanced DPS with an expedited compensation payout process contributes to the maintenance of banking and financial stability....

Yuan rises sharply to 10-week high on Fed rate pause but Hong Kong still warns of rise risks

Edit South China Morning Post 17 Mar 2016
Holding the rates unchanged, the Fed on Wednesday projected only two quarterly rate increases were on the cards this year rather than the four it had predicted last year ... We still have to be cautious about the risks arising from increases in US interest rates,” Norman Chan Tak-lam, chief executive of the Hong Kong Monetary Authority, said in a statement on Thursday ... READ MORE ... READ MORE. China’s yuan see-saws against US dollar ... ....

HKMA respects HSBC's decision to remain headquartered in London

Edit China Daily 15 Feb 2016
HONG KONG -- Chief Executive of the Hong Kong Monetary Authority (HKMA) Norman Chan said on Monday that the HKMA respects the decision of HSBC Holdings' decided to keep its headquarters in London ... Chan stressed ......

Offshore yuan rises to three-month high

Edit South China Morning Post 15 Feb 2016
Hong Kong Monetary Authority chief executive Norman Chan Tak-lam reiterated on Monday afternoon that it would not be easy for currency speculators to short sell the Hong Kong dollar ... Chan said in an Legislative Council meeting that since Hong Kong banking liquidity was now over HK$300 billion and given the sheer size of the HK$3.4 trillion Exchange ......

Regulation, not Mong Kok riots: why HSBC chose London over Hong Kong

Edit South China Morning Post 15 Feb 2016
“Our decision of not moving our headquarters back to Hong Kong has nothing to do with the Mong Kok riot ... Hong Kong Monetary Authority chief executive Norman Chan Tak-lam issued a statement on Monday where he said “the HKMA appreciates that for a large international bank such as HSBC, relocation of domicile is a very major and complicated undertaking ... With additional reporting by Reuters ....

HSBC decision to stay in London not affected by Mong Kok riot in Hong Kong

Edit South China Morning Post 15 Feb 2016
“Our decision of not moving our headquarters back to Hong Kong has nothing to do with the Mong Kok riot ... Hong Kong Monetary Authority chief executive Norman Chan Tak-lam issued a statement on Monday where he said “the HKMA appreciates that for a large international bank such as HSBC, relocation of domicile is a very major and complicated undertaking ... With additional reporting by Reuters ....

China Markets Live - Shanghai and Shenzhen start lower in line with global rout but Hong Kong stocks pop higher

Edit South China Morning Post 15 Feb 2016
Welcome to the SCMP’s live coverage of China’s financial markets. The intense volatility in Chinese markets in 2016 due to the implementation of the circuit breaker has roiled world financial markets ... 9.43am Brendan Clift ... READ MORE ... 8.47am Enoch Yiu. Here’s Hong Kong Monetary Authority chief executive Norman Chan’s response to decision by HSBC Holdings to stay put in London and not relocate it’s headquarters to Hong Kong ... READ MORE ... ....

China Markets Live - Shanghai and Shenzhen off in late morning trade as trade digests HSBC verdict on headquarters

Edit South China Morning Post 15 Feb 2016
Welcome to the SCMP’s live coverage of China’s financial markets. The intense volatility in Chinese markets in 2016 due to the implementation of the circuit breaker has roiled world financial markets ... 11.28am Brendan Clift ... 11.13am. Enoch Yiu ... 10.20am Brendan Clift ... Here’s Hong Kong Monetary Authority chief executive Norman Chan’s response to decision by HSBC Holdings to stay put in London and not relocate it’s headquarters to Hong Kong ... ....

China Markets Live - Shanghai and Shenzhen end lower in morning trade as trade digests HSBC verdict on headquarter choice of London, not Hong Kong

Edit South China Morning Post 15 Feb 2016
Welcome to the SCMP’s live coverage of China’s financial markets. The intense volatility in Chinese markets in 2016 due to the implementation of the circuit breaker has roiled world financial markets ... 12.50pm. Liz Mak ... 12.36pm Brendan Clift ... READ MORE ... 11.13am ... Here’s Hong Kong Monetary Authority chief executive Norman Chan’s response to decision by HSBC Holdings to stay put in London and not relocate it’s headquarters to Hong Kong ... ....

China Markets Live - Shanghai and Shenzhen end marginally easier but claws back most of today’s losses; Hong Kong market up as HSBC verdict on headquarters cheer punters

Edit South China Morning Post 15 Feb 2016
Welcome to the SCMP’s live coverage of China’s financial markets. The intense volatility in Chinese markets in 2016 due to the implementation of the circuit breaker has roiled world financial markets ... 3.26pm Ben Westcott ... 3.17pm Ben Westcott ... 2.05pm - Ben Westcott ... Here’s Hong Kong Monetary Authority chief executive Norman Chan’s response to decision by HSBC Holdings to stay put in London and not relocate it’s headquarters to Hong Kong ... ....

London will be the arena between China’s central bank and hedge funds over yuan during Lunar New Year

Edit South China Morning Post 05 Feb 2016
“There are increasing concerns in the currency options market of another round of intense weakness in the offshore yuan ... senior currency strategist of Credit Suisse ... The People’s Bank of China (PBOC) has insisted the yuan would only depreciate gradually while Hong Kong Monetary Authority (HKMA) Norman Chan Tak-lam has said it would monitor trading during the Lunar New Year period ... It has risen 0.3 per cent in the two days ... ....

Yuan bounces back after China’s central bank sets mid-price at one-month high

Edit South China Morning Post 04 Feb 2016
The yuan bounced back on Thursday morning after hitting a three-week low on Wednesday after the People’s Bank of China set the mid-price at a one-month high, which the market saw as guidance for the currency to trade stronger ahead of the holiday period ... Hong Kong Monetary Authority chief executive Norman Chan Tak-lam has said the authority will monitor Lunar New Year trading ... ....

Currency battle looms as yuan sinks; Hong Kong and China stocks reel as credit card curbs add capital control fears to market turmoil

Edit South China Morning Post 03 Feb 2016
Hong Kong Monetary Authority chief executive Norman Chan Tak-lam said on Monday they would defend the peg and claimed the local banking and stock markets are much stronger than 1997 at the height of the Asian financial crisis. “Rumours about financial market predators taking short positions against the Hong Kong dollar are rampant,” Chan said....
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