HKMA Quarterly Bulletin (December 2007 Issue)

The Hong Kong Monetary Authority (HKMA) today (Wednesday) published the December 2007 issue of its Quarterly Bulletin.

This issue of the Quarterly Bulletin contains the Half-Yearly Monetary and Financial Stability Report, which analyses recent external and domestic influences on Hong Kong's monetary and financial systems. The Report notes that the economy of Hong Kong maintained strong growth momentum. However, the outlook largely hinges on uncertainty in the world economy.

This Quarterly Bulletin contains two feature articles:

• Measuring the position of Hong Kong as an international financial centre - using an alternative method to measure the position of Hong Kong as an international financial centre, which suggests that Hong Kong has been one of the leading centres for the inward financial sector direct investment and exports of financial services.
• The foreign exchange and derivatives market in Hong Kong - showing that the volume of foreign exchange and over-the-counter derivatives activity in Hong Kong continued to grow strongly despite the intense competition in the region.

The Bulletin also carries a Supervisor's Memo on renminbi banking business in Hong Kong.

The Quarterly Bulletin may be ordered from the HKMA at $100 per copy. A separate version of the Half-Yearly Monetary and Financial Stability Report (English only) may be ordered at $60 per copy. The Bulletin and the Report may also be bought at the HKMA Information Centre on 55th Floor, Two International Finance Centre. The full text of the Bulletin (http://www.info.gov.hk/hkma/eng/public/qb_index.htm) and the Report (http://www.info.gov.hk/hkma/eng/public/mfsr_index.htm) is available on the HKMA website.

In a move to streamline production and reduce paper consumption, starting from 2008, the Quarterly Bulletin will be available only on the HKMA website. However, printed versions of the Half-Yearly Monetary and Financial Stability Report (English only) will still be available.

For further enquiries, please contact:
Thomas Chan, Senior Manager (Press), at 2878 1480 or
Hing-fung Wong, Officer (Press), at 2878 1802

Hong Kong Monetary Authority
19 December 2007