Hong Kong Monetary Authority

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.

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.

Fintech / Regtech

Hong Kong Digital Banks Gaining Public Trust and Adoption: HKAB

By Mark Johnston | 24/10/2024

A recent survey by the Hong Kong Association of Banks reveals a surge in public trust and awareness of digital banks in the city.

Fintech / Regtech

HKMA Launches Developer Platform for IADS Initiative

By Manesh Samtani | 24/10/2024

The platform provides test data and simulated APIs to facilitate collaboration between banks and tech firms to develop data-driven products and services.

Market Infrastructure

SIX Signs Cooperation MoU With Hong Kong’s CMU OmniClear

By Manesh Samtani | 24/10/2024

SIX and the HKMA subsidiary will cooperate to unlock further cross-border investment opportunities between Switzerland and Hong Kong.

Crypto / Digital Assets

PBOC Seeks to Expand Ecosystem for $2.7b e-CNY

By Editors | 23/10/2024

Speaking at Sibos, Mu Changchun said market incentives need to be provided to enable every player in the ecosystem to earn profits from China’s CBDC.

ESG / Sustainability

HKMA Launches “Action Agenda” to Promote Sustainable Finance

By Manesh Samtani | 22/10/2024

Under the Sustainable Finance Action Agenda, banks are required to achieve net zero in their operations by 2030, and in their financed emissions by 2050.

Capital / Liquidity

HKMA Introduces New Measures to Boost SME Lending by Banks

By Editors | 21/10/2024

The HKMA lowered the CCyB ratio and will allow banks to early adopt the preferential treatments for SME exposures under the Basel III capital framework.