HKMA Quarterly Bulletin (December 2008 Issue)

The Hong Kong Monetary Authority (HKMA) today (Wednesday) published the December 2008 issue of its Quarterly Bulletin.

This issue of the Quarterly Bulletin contains the regular Half-Yearly Monetary and Financial Stability Report, which analyses recent external and domestic influences on Hong Kong's monetary and financial systems. The Report suggests that the recent measures introduced by the HKMA and the Government, together with the strong initial position of local financial institutions, will help the economy weather the global financial crisis relatively well.

This Quarterly Bulletin contains two feature articles:

• Clustering analysis of property market indicators in Hong Kong - reviewing the recent developments in the domestic property market and assessing its risks and vulnerabilities in the face of an economic downturn.
• Islamic finance in Hong Kong: supervisory issues - explaining the HKMA's current supervisory approach to Islamic finance in Hong Kong.

The Quarterly Bulletin can be viewed on and downloaded from the HKMA website at http://www.info.gov.hk/hkma/eng/public/qb_index.htm. A separate, printed version of the Half-Yearly Monetary and Financial Stability Report (English only) may be ordered at $60 per copy. The Report may also be bought at the HKMA Information Centre on 55th Floor, Two International Finance Centre.

For further enquiries, please contact:
Thomas Chan, Communications Chief, at 2878 1480 or
Peggy Lo, Manager (Communications), at 2878 1687

Hong Kong Monetary Authority
17 December 2008