Hong Kong Monetary Authority

Securities / Derivatives

HKMA Issues Revised Guideline on SFC-registered AIs

By Editors | 13/05/2024

The revised module aims to serve as a “convenient regulatory handbook” for HKMA-authorised institutions that are also registered with the SFC.

Fintech / Regtech

HKMA to Relabel ‘Virtual Banks’ as ‘Licensed Digital Banks’

By Sanday Chongo Kabange | 09/05/2024

The proposal is aimed at addressing negative connotations associated with the term “virtual bank” in Chinese.

Fintech / Regtech

HKMA Forms New Architecture Community for Project Ensemble

By Sanday Chongo Kabange | 08/05/2024

The Community will develop standards to support interoperability among wCBDC, tokenised money and tokenised assets.

Fintech / Regtech

Hong Kong, Shenzhen Pilot Cross-Border Data Platform

By Sanday Chongo Kabange | 07/05/2024

Pilot trials will test the validation of credit referencing reports and account opening documents for corporate customers.

ESG / Sustainability

HKMA Publishes Hong Kong Taxonomy for Sustainable Finance

By Manesh Samtani | 06/05/2024

The Taxonomy encompasses 12 economic activities under four sectors. The HKMA said the second phase of the Taxonomy’s development “will commence soon”.

ESG / Sustainability

HKMA Issues Updated Guideline on Green Finance Grant Scheme

By Editors | 06/05/2024

The grant scheme is being extended another three years, and its scope is being expanded to cover transition finance instruments.

Big Picture

Risks in APAC Private Credit Sector are Limited: HKMA Research

By Manesh Samtani | 03/05/2024

However, further monitoring is warranted as private credit funds are increasingly open-ended, using leverage, and loosening their underwriting standards.

AML / KYC

HKMA Outlines Key Priorities, Green Ambitions for 2024 and Beyond

By Sanday Chongo Kabange | 02/05/2024

The HKMA has outlined its priorities for 2024 and beyond in its latest annual report and its 2023 sustainability report.

Fintech / Regtech

Hong Kong Working on Proposals to Amend Privacy Law

By Manesh Samtani | 30/04/2024

The amendments will include the introduction of a mandatory personal data breach notification mechanism.