Hong Kong

HKMC Extends Fixed-Rate Mortgage Pilot Scheme for One Year

By Sanday Chongo Kabange | 04/11/2020

The scheme provides an alternative financing option for homebuyers to mitigate risks arising from interest rate volatility.

Market Infrastructure

HKMA Launches Upgraded Cybersecurity Fortification Initiative

By Editors | 03/11/2020

CFI 2.0 streamlines the cyber resilience assessment process, incorporates international practices on incident response and recovery, and facilitates the development of the local talent pool.

Fintech / Regtech

Hong Kong, China Successfully Connect Trade Finance Platforms

By Manesh Samtani | 03/11/2020

Seven banks have already used the connection to conduct cross-border trade financing transactions, with the total trade value exceeding HK$26mn.

AML / KYC

Hong Kong to Align Crypto Regulatory Framework with FATF Standards

By Manesh Samtani | 03/11/2020

The government proposes to introduce a new licensing regime for VASPs that trade non-security tokens, and a registration regime for dealers in precious metals and stones.

Big Picture

The Case for an Alternative Credit Scoring Ecosystem in Hong Kong

By Manesh Samtani | 03/11/2020

A new whitepaper commission by the HKMA describes alternative credit scoring and how it works, and explains why it can help the banking industry and MSMEs.

Fintech / Regtech

HKMA to Target Accelerated RegTech Adoption in 2021

By Manesh Samtani | 03/11/2020

The HKMA wants to see banks embracing and trialling new technologies and proofs of concept, and ultimately adopting more Regtech solutions, said central banker Arthur Yuen.

Fintech / Regtech

HKMA Unveils Financial Infrastructure Project to Facilitate SME Lending

By Manesh Samtani | 02/11/2020

The HKMA is working with banks to study the feasibility of the ‘Commercial Data Interchange’, a new financial infrastructure to facilitate financial intermediation.

Securities / Derivatives

HK to Allow Secondary Listings from Some Corporate WVR Companies

By Manesh Samtani | 01/11/2020

Subject to certain requirements, Greater China issuers primary listed on the Nasdaq, NYSE or the LSE’s premium listing segment will be allowed to secondary list in Hong Kong.

Enforcement

SFC Suspends Licence of Mason Securities Representative

By Editors | 30/10/2020

The former licensed representative said she had forgotten to declare an external securities trading account initially, and “could not be bothered to do so subsequently”.