Hong Kong Monetary Authority

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    Market Infrastructure

    HKMA Exploring Further Enhancements to Wealth Connect

    By Editors | 06/06/2024

    The individual investor quota was tripled this year, but it is still “not quite enough for private bank clients”, said HKMA’s Eddie Yue.

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    ESG / Sustainability

    HKMA May Make Green Taxonomy Mandatory for Banks

    By Nithya Subramanian | 06/06/2024

    Executive director Kenneth Hui said the HKMA is considering making the taxonomy mandatory for the banking sector.

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    Crypto / Digital Assets

    Project mBridge Ready for Live Transactions by Early Adopters

    By Manesh Samtani | 06/06/2024

    Private sector firms are invited to further develop the multi-CBDC platform by proposing new solutions and use cases.

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    Market Infrastructure

    HKMA Allows WMC Participation by Non-Locally Incorporated AIs

    By Sanday Chongo Kabange | 03/06/2024

    Non-locally incorporated AIs may provide southbound WMC services through their Hong Kong branches if they meet certain requirements.

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    ESG / Sustainability

    HKMA Launches Beta Platform for Physical Risk Assessments

    By Sanday Chongo Kabange | 30/05/2024

    The cloud-based platform enables banks to assess the physical risks of climate change on residential and commercial buildings.

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    HKMA Updates SPM Module to Drive Banking Sector Upskilling

    By Editors | 24/05/2024

    The revised SPM module is part of the HKMA’s effort to drive upskilling and reskilling of banking practitioners.

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    Fintech / Regtech

    “Ecosystem Approach” Vital to Combat Digital Fraud: HKMA

    By Nithya Subramanian | 23/05/2024

    Coordinated global efforts and information sharing initiatives are becoming more commonplace to combat fraud, but there is still work to do, said HKMA’s Carmen Chu.

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    Capital / Liquidity

    HKMA Announces Refinements to USD Liquidity Facility

    By Editors | 22/05/2024

    The settlement date will be the same day as the tender date (T+0), instead of the business day after the tender date (T+1).

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    Crypto / Digital Assets

    HKMA, PBOC Expand Scope of e-CNY Pilot in Hong Kong

    By Editors | 20/05/2024

    Users can top up their wallets using Hong Kong FPS. This is the world’s first linkage between a faster payment system and a CBDC system.

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    Crypto / Digital Assets

    StanChart, Mastercard Complete PoC Involving Tokenised Carbon Credits

    By Editors | 15/05/2024

    Mastercard, StanChart, Mox Bank and Libeara are partnering to catalyse the adoption of tokenisation in financial assets.

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