HKMA’s RRR hike shows convergence with mainland
The Hong Kong Monetary Authority is considering raising the regulatory reserve requirement for banks by up to 1.5%. It marks the first sign of monetary policy convergence between the city and China, according to Barclay’s Capital.
Banks in Hong Kong may be required by the Hong Kong Monetary Authority (HKMA) to set aside an additional 1%-1.5% of their capital for regulatory reserves, in the first sign of monetary policy convergence between the special autonomous region and mainland China.
Such an increase would most likely
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