Hong Kong Association of Banks: It is expected that HIBOR will remain lower than the beginning of the year in the second half of the year, and the treasury market is expected to remain active

Zhitong
2025.07.24 12:39
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The Hong Kong Association of Banks held a regular meeting today (July 24), where the association's chairman, Chuan Wai-yee, stated that the market generally expects the Federal Reserve to have the opportunity to cut interest rates once or twice in the second half of the year. Coupled with the rising trend of HIBOR, this will lead to a narrowing of the interest rate spread between Hong Kong and the U.S.; however, HIBOR is still expected to remain lower than the beginning of the year, which is beneficial for economic recovery, and the capital market is expected to remain active. In the first half of this year, U.S. tariff policies and geopolitical tensions have brought many uncertainties to the global economy, stimulating fluctuations in global markets. However, Hong Kong's financial system continues to remain robust, the Hong Kong economy continues to recover, the capital market is thriving, and a large amount of capital is flowing in, improving the financial investment atmosphere. Chuan Wai-yee mentioned that since the beginning of the year, the banking sector has held over 60 seminars, workshops, and exchange meetings specifically for small and medium-sized enterprises (SMEs) to help them seize the advantages of the rapid development of the digital economy while exploring opportunities to expand into new markets. In addition, with the support of the Hong Kong Monetary Authority, the Hong Kong Association of Banks has held two seminars on new opportunities in ASEAN. Since the beginning of the year, the banking sector has organized over 40 public education and community activities to enhance the public's awareness of fraud prevention

According to the Zhitong Finance APP, the Hong Kong Association of Banks held a regular meeting today (July 24). The association's chairperson, Chuan Wai-yi, stated that the market generally expects the Federal Reserve to have the opportunity to cut interest rates one to two times in the second half of the year. Additionally, as HIBOR tends to rise, this will lead to a narrowing of the interest rate spread between Hong Kong and the U.S.; however, HIBOR is still expected to remain lower than the beginning of the year, which is beneficial for economic recovery, and the capital market is expected to remain active. In the first half of this year, U.S. tariff policies and geopolitical tensions have brought many uncertainties to the global economy, stimulating fluctuations in global markets. Nevertheless, Hong Kong's financial system continues to remain robust, the Hong Kong economy is steadily recovering, the capital market is thriving, and a large amount of capital is flowing in, improving the financial investment atmosphere.

Chuan Wai-yi mentioned that since the beginning of the year, the banking industry has held over 60 seminars, workshops, and exchange meetings specifically for small and medium-sized enterprises (SMEs) to help them seize the advantages of the rapid development of the digital economy while exploring opportunities to expand into new markets. In addition, with the support of the Hong Kong Monetary Authority, the Hong Kong Association of Banks has held two seminars on new opportunities in ASEAN. Since the beginning of the year, the banking industry has conducted over 40 public education and community activities to enhance the public's awareness of fraud prevention

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