Banking stability in Hong Kong

Date	Context	Summary of development	Action
05/03	BC	The Administration introduced the Deposit Protection Scheme Bill into the Legislative Council (LegCo) on 30 April 2003 and a Bills Committee was formed on 2 May 2003 to scrutinize the Bill. The Bills Committee held 14 meetings. [Bills Committee on Deposit Protection Scheme Bill] The Bills Committee reported its deliberations to the House Committee on 19 March 2004. [Report] The Council passed the Bill on 5 May 2004. [Hansard "Pages 74"]
17.7.08	-	Hong Kong Monetary Authority (HKMA) introduced the report on review of its work on banking stability by Mr David T R CARSE. (English version only) [Paper]
17.10.08	FA	The Panel discussed with HKMA on the use of the Exchange Fund to guarantee the repayment of all customer deposits held with all Authorized Institutions in Hong Kong and the establishment of a Contingent Bank Capital Facility for the purpose of making available additional capital to local banks. [Paper] [Fact sheet on a summary of local press reports on the provision of deposit protection scheme and bank capital support facility by places outside Hong Kong to cope with the financial crisis from 3 August 2007 to 15 October 2008 prepared by Research and Library Services Division] (Chinese version only) [Paper attaching information relating to new measures to support confidence in the Hong Kong banking system prepared by the Legislative Council Secretariat] [Press release dated 14 October 2008 on Financial Secretary announces new measures to support confidence in the Hong Kong banking system] [Press release dated 14 October 2008 on Hong Kong bank deposits fully guaranteed]
22.10.08	CQ	Hon Jeffrey LAM raised a question on stabilizing the financial system of Hong Kong. [Hansard "Page 18"]
19.11.08	CQ	Hon Frederick FUNG raised a question on reduction in interest rates. [Hansard "Page 81"]
19.12.08	-	HKMA introduced the report on review of its work on banking stability by Mr David T R CARSE [Paper]
5.1.09	FA	The Panel discussed with HKMA on review of its work on banking stability by Mr David T R CARSE. [Paper]
18.5.11	CQ	Hon Frederick FUNG raised a question on regulation of banks. [Hansard "Page 118"]
16.11.11	CQ	Hon Frederick FUNG raised a question on measures to reduce the risks faced by local banks. [Hansard "Page 116"]
23.11.11	CQ	Hon Frederick FUNG raised a question on impact of the debt crises in European countries. [Hansard "Page 127"]

Go to Top