Applicable Jurisdictional Countercyclical Capital Buffer (CCyB) Ratio for Hong Kong (PDF File, 159.9 KB)

The Hong Kong Monetary Authority (HKMA) has issued a circular to announce that it will leave the countercyclical capital buffer (CCyB) for Hong Kong at 1.00%. The decision follows a careful analysis of (global) economic conditions primarily influenced by the continuing geographic and political tensions and globally high interest rates due to high inflation levels.
The HKMA also points out that there were signs in the first quarter of 2023 that the local economic situation is somewhat stabilizing, although the situation is still volatile. Therefore, the HKMA will leave the countercyclical capital buffer unchanged, but will continue to closely monitor macroeconomic factors and adjust the CCyB at short notice, if so needed.