Hong Kong

Fintech / Regtech

HKMA Establishes Tokenisation Partnerships with Thailand, Brazil

By Sanday Chongo Kabange | 29/10/2024

The HKMA will collaborate with the central banks of Thailand and Brazil to explore cross-border tokenisation use cases, leveraging the Project Ensemble sandbox.

Crypto / Digital Assets

HK Bank Completes ‘First-of-its-Kind’ Sandbox Test Using Tokenised Deposits

By Sanday Chongo Kabange | 29/10/2024

The simulation covered trading of the tokenised fund unit for its institutional clients and cross-bank settlement using tokenised deposits.

Fintech / Regtech

HKMA, PBOC to Pilot Cross-Boundary Payments Link in Mid-2025

By Sanday Chongo Kabange | 29/10/2024

The HKMA says a pilot launch for a cross-boundary payment linkage between Hong Kong’s FPS and China’s IBPS will tentatively launch in mid-2025.

Fintech / Regtech

Hong Kong Sets Policy Approach to AI Development

By Manesh Samtani | 28/10/2024

The Hong Kong government will promote the development of AI in the financial sector, subject to proper governance and risk mitigation being in place.

Crypto / Digital Assets

HKEX to Launch Virtual Asset Index Series on 15 November

By Editors | 28/10/2024

HKEX said the index series will provide pricing benchmarks for Bitcoin and Ether in the Asian time zone which can be used for the settlement of financial products.

Crypto / Digital Assets

SFC Announces Next Steps for Hong Kong Virtual Asset Regime

By Manesh Samtani | 28/10/2024

More VATP applicants will be licensed by year-end, and a consultative panel comprising all licensees will be established in 2025 to draw lessons for new licensing frameworks.

Fintech / Regtech

HKMA Finalises Revisions to E-Banking Risk Management Guideline

By Manesh Samtani | 27/10/2024

The revisions incorporate requirements set out in various supervisory documents issued last year to address fraud risk.

Market Infrastructure

HSBC Hong Kong Becomes Direct Participant of China’s CIPS

By Editors | 26/10/2024

The move will make it easier for overseas companies to trade and invest using the Chinese currency by making yuan payments faster and cheaper.

Fintech / Regtech

SFC Extends Parallel Run Period for New e-IP Platform

By Manesh Samtani | 25/10/2024

The SFC said the extension is to facilitate user experience enhancements on the new application and submission system for investment products.