HKMA Half-Yearly Monetary & Financial Stability Report March 2023: Bright Outlook for Hong Kong Economy, Uncertainties on Future United States Interest Rates, Challenges to Banking Industry
Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more
This site is for accredited investors, professional investors, investment managers and financial professionals only.
You should have assets around $3 million to $300 million or managing $20 million to $3 billion.
HKMA Half-Yearly Monetary & Financial Stability Report March 2023: Bright Outlook for Hong Kong Economy, Uncertainties on Future United States Interest Rates, Challenges to Banking Industry
29th March 2023 | Hong Kong
Hong Kong central bank Hong Kong Monetary Authority (HKMA) has released the Half-Yearly Monetary & Financial Stability Report March 2023, providing key summary on Hong Kong & China Mainland outlook, exchange rate & capital flows, monetary environment & interest rates, equity market, debt market, property markets and banking sector.HKMA 2023 Outlook: “Bright outlook for Hong Kong economy, uncertainties on future United States interest rates, challenges to banking industry.”See below for more info | Read HKMA Half-Yearly Monetary & Financial Stability Report March 2023here
“ Bright Outlook for Hong Kong Economy, Uncertainties on Future United States Interest Rates, Challenges to Banking Industry “
- Article continues below -
Web links may be disabled on mobile for security. Please click on desktop.
The 2023 Investment Day | 6/6 HK & 13/6 SG
Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 6th June 2023 in Hong Kong, 13th June 2023 in Singapore.
Visit | Register here
HKMA Half-Yearly Monetary & Financial Stability Report March 2023
Hong Kong, Asia’s leading financial centre
Summary and Overview
The global growth prospect is expected to weaken going into 2023. The stubbornly high inflation rate, the likelihood of a significant growth slowdown in the US and the Euro area amid the cumulated monetary tightening since 2022, and the recent emergence of banking stress in the US and Europe are increasing the uncertainty of economic outcomes and hence financial market volatility.
Hong Kong’s exchange rate and interbank market continued to trade in a smooth and orderly manner. Following US policy rate hikes, many banks raised their Best Lending Rates. With total deposits increasing modestly in the seven months since end-June 2022, there was no notable sign of outflows from the Hong Kong banking system. Partly reflecting subdued credit demand, bank credit declined modestly during the same period. The residential property market was under pressure in the second half of 2022, before showing some signs of stabilising in early 2023.
Looking ahead, while the relaxation of COVID-19 restrictions should brighten the outlook for the Hong Kong economy, uncertainties related to future US interest rate adjustments, the growth outlook of major advanced economies, and the lingering geopolitical risks, will pose challenges to the banking sector. Banks should stay vigilant against the impacts of these risk factors on the asset quality of their loan portfolios.
Read HKMA Half-Yearly Monetary & Financial Stability Report March 2023here
Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.
Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more. List hard-to-find financial & private wealth services.
Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?
