Hong Kong Monetary Authority

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    Market Infrastructure

    HKMA Sets Expectations for CRA’s Exit from ‘Credit Data Smart’

    By Sanday Chongo Kabange | 01/08/2024

    Credit reference agency Nova Credit Limited has decided to cease operations and exit the new credit reference platform known as Credit Data Smart.

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    Crypto / Digital Assets

    HKMA Opens Tender for Services to Support CBDC Sandboxes

    By Editors | 30/07/2024

    Hosting and supporting services would have to support up to 25 participants in the Project Ensemble and e-HKD sandboxes.

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    Hong Kong Reappoints HKMA Chief for Second Term

    By Nithya Subramanian | 29/07/2024

    During his second term, Eddie Yue said the HKMA will deepen connectivity with the Mainland and promote fintech and sustainable finance.

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    Capital / Liquidity

    HKMA Consult on Revised Guidance for CCyB Calculations

    By Editors | 25/07/2024

    The SPM module being revised provides guidance for banks on determining the RWA corresponding to their private sector credit exposures for the purpose of calculating CCyB ratios.

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    Fintech / Regtech

    HKMA Publishes RegTech Bulletin on Best Execution Services

    By Manesh Samtani | 24/07/2024

    The bulletin says best execution services can be particularly helpful for exotic instruments, which often don’t have sufficient pricing information.

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    Crypto / Digital Assets

    HKMA Names First Participants of Stablecoin Sandbox

    By Sanday Chongo Kabange | 19/07/2024

    The participants are Jingdong Coinlink Technology, RD InnoTech, Standard Chartered, Animoca Brands, and HKT.

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    Crypto / Digital Assets

    Hong Kong Publishes Results from Stablecoin Consultation

    By Sanday Chongo Kabange | 18/07/2024

    Based on feedback, the FSTB and HKMA will prepare a bill to implement a regulatory regime for stablecoins and submit it to LegCo later this year.

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    Fintech / Regtech

    HKMA Assessing Whether Virtual Banks Have Achieved Policy Goals

    By Editors | 17/07/2024

    The HKMA is evaluating whether the eight virtual banks have achieved the intended policy objectives since the licences were granted in 2019.

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    Crypto / Digital Assets

    Hong Kong to Release Stablecoin Consultation Results “Soon”

    By Sanday Chongo Kabange | 16/07/2024

    The FSTB said it will “soon” release the results of a 2023 consultation on the proposed regulatory regime for fiat-referenced stablecoins.

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    Market Infrastructure

    BIS to Explore Approaches for Monitoring Supply Chain Shocks

    By Editors | 10/07/2024

    BIS will use granular data, analytics and AI to improve monitoring of global supply chains and better assess their economic and financial impacts.

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