Research Memorandums provide comprehensive and focused analyses of policy and topical issues relevant to monetary and financial stability in Hong Kong and the Asia-Pacific region. The views and analyses expressed in the papers are those of the authors, and do not necessarily reflect the views of the HKMA.
- External Publications (2025)on April 7, 2026 at 4:00 pm
- External Publications (2026)on April 7, 2026 at 4:00 pm
- Assessing the Impact of Stablecoins on Exchange Rate Volatility: Evidence from Emerging Market Economies (PDF File, 1.4 MB)on February 23, 2026 at 4:00 pm
- Assessing the effects of CDI on SME loans in Hong Kong (PDF File, 1.3 MB)on January 20, 2026 at 4:00 pm
- The implications of digitalisation adoption for Hong Kong non-financial corporates – An assessment based on textual analysis (PDF File, 702.3 KB)on December 30, 2025 at 4:00 pm
- The Stabilising Effect of Domestic Investor Participation in Equity Fund Markets (PDF File, 1.6 MB)on December 2, 2025 at 4:00 pm
- External Publications (2024)on October 23, 2025 at 4:00 pm
- Assessing cyber risks for financial stability: Evidence from investment funds (PDF File, 1.0 MB)on September 28, 2025 at 4:00 pm
- Assessing the information communications and technology third-party dependencies of financial institutions in the Asia Pacific region: An analysis of business relationship data (PDF File, 1,023.9 KB)on September 25, 2025 at 4:00 pm
- Assessing the linkages between hedge funds and prime brokers in sovereign bond markets: Evidence from commercial data (PDF File, 1.2 MB)on September 24, 2025 at 4:00 pm
- Asia-Pacific corporates’ exposure and resilience to climate physical risk (PDF File, 1.3 MB)on August 18, 2025 at 4:00 pm
- The impact of climate-related factors on the greenfield foreign direct investment (PDF File, 2.1 MB)on April 14, 2025 at 4:00 pm




