Hong Kong Banking Sector: 2024 Year-end Review and Priorities for 2025

The HKMA’s document reviews the Hong Kong banking sector’s performance in 2024 and outlines priorities for 2025, highlighting strong capital and liquidity ratios, manageable credit risks, and stability in asset quality. It emphasizes frameworks for operational and cyber resilience, enhanced fraud prevention measures, and promotion of green and sustainable banking practices. The HKMA is also focused on fostering fintech innovation, achieving high adoption rates, and improving consumer protection through various initiatives. Overall, the HKMA aims to support the real economy while ensuring a stable banking environment. Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2025/01/20250121-3/