Hong Kong Monetary Authority

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.

Crypto / Digital Assets

DBS Bank Launches Token Services for Institutional Clients

By Nithya Subramanian | 21/10/2024

The new services offer real-time payment settlement through a permissioned blockchain, which is expected to enable clients to optimise liquidity and streamline operations.

Securities / Derivatives

HKMA Announces Establishment of New Unit to Operate CMU

By Editors | 21/10/2024

The new unit, to be known as CMU OmniClear, is expected to take over CMU operations under its own governance structure in January 2025.

Fintech / Regtech

HKMA Publishes Research on GenAI in the Financial Sector

By Editors | 30/09/2024

HKMA survey of industry practitioners found that most FIs are currently focusing on internal applications of GenAI to drive employee productivity.

Crypto / Digital Assets

Hong Kong Working “Full Steam Ahead” on Stablecoin Legislation

By Sanday Chongo Kabange | 30/09/2024

The FSTB and the HKMA will “strive” to introduce draft legislation for Hong Kong’s stablecoin regulatory regime by end 2024.

AML / KYC

HKMA to “Soon” Consult on Scam Loss Sharing Framework

By Editors | 30/09/2024

The framework will include principles for banks to use when deciding whether scam losses should be compensated, such as whether customers took care to safeguard their personal data.

Fintech / Regtech

HKMA Issues New Guidance Responding to Crowdstrike Outage

By Sanday Chongo Kabange | 30/09/2024

The HKMA offers guidance to authorised institutions on enhancing their operational resilience against the failure of third-party IT solutions.

Market Infrastructure

HKMA, SFC Finalise Details for New Derivatives Reporting Regime

By Manesh Samtani | 29/09/2024

The UTI, UPI, CDE, LEI and ISO 20022 will be required under Hong Kong’s OTC derivatives reporting regime from 29 September 2025.

Crypto / Digital Assets

Hong Kong Exchange Lists First Digitally Native Notes

By Editors | 29/09/2024

The one-year HKD denominated digitally native notes were issued by HSBC, leveraging the HSBC Orion platform.