Hong Kong Monetary Authority

Crypto / Digital Assets

Hong Kong: More Clarity Needed on Proposed OTC Crypto Regime

By Nithya Subramanian | 07/03/2024

Clarity is needed on the scope of activities captured by the regime, how stablecoins will fit into the regime, and how professional investors will be treated.

Market Infrastructure

ASIFMA Calls for More Enhancements to Wealth Connect Scheme

By Sanday Chongo Kabange | 05/03/2024

ASIFMA calls for a further increase in the individual investment quota and a more extensive expansion to the list of eligible products.

Capital / Liquidity

HKMA Issues Revised SPM Module on CCyB Settings

By Editors | 05/03/2024

The revised SPM module introduces a Positive Neutral CCyB of 1% for Hong Kong to ensure an additional buffer is available in the event of a shock.

Crypto / Digital Assets

HK Budget Promises Financial Sector Development, Boost for Property Market

By Manesh Samtani | 28/02/2024

Restrictions on property transactions removed. Property lending requirements eased. HK$100mn pledged to promote financial services.

ESG / Sustainability

HKMA to Roll Out Physical Risk Assessment Platform “Soon”

By Manesh Samtani | 28/02/2024

The cloud-based platform will enable banks to assess physical risk for specific property exposures over different time horizons and climate scenarios.

ESG / Sustainability

Hong Kong to Develop Transition Finance Framework: HKMA

By Sanday Chongo Kabange | 27/02/2024

HKMA’s Darryl Chan said the  Green and Sustainable Finance Cross-Agency Steering Group will start work on a transition taxonomy this year.

Big Picture

Wealth Connect Enhancements to Drive Investment: HSBC

By Nithya Subramanian | 27/02/2024

Around a quarter of WMC investors intend to invest CNY 1 million or more via the Scheme in the next 12 months.

HKMA Issues Updated Guidance on Suitability Assessments

By Manesh Samtani | 26/02/2024

The guidance focuses on the portfolio-based approach to suitability assessment, which HKMA says improves efficiency in the selling process.

Fintech / Regtech

HK Banks to Introduce Anti Malware Security Measures This Month

By Sanday Chongo Kabange | 25/02/2024

The new security measures on banking apps will trigger immediate actions when malware or suspicious apps are detected on customers’ devices.