Hong Kong Monetary Authority

ESG / Sustainability

HKGFA Offers Suggestions on Next Phase of Taxonomy Development

By Manesh Samtani | 05/10/2023

New report launched at HKGFA’s 6th Annual Forum proposes 21 additional green activities for the next phase of taxonomy development in Hong Kong.

ESG / Sustainability

Implementation of Green Taxonomy an “Evolving” Process: HKMA

By Nithya Subramanian | 04/10/2023

The SFC is also advocating for Hong Kong to be broadly aligned with ISSB standards, starting with sustainable reporting by listed companies.

Capital / Liquidity

HKMA Consults on Capital Requirements for FRTB, CVA Risk

By Editors | 04/10/2023

New SPM modules set out the minimum standards banks will have to adopt for the calculation of their FRTB and CVA risk capital charges.

Market Infrastructure

Regulators Announce Planned Enhancements for Wealth Connect

By Editors | 29/09/2023

The eligibility, product range, investment and sales limits will be enhanced, and securities firms will be allowed to participate.

Fintech / Regtech

HKMA Pushes for Greater Use of FPS for Business Payments

By Editors | 27/09/2023

For October, banks and SFV operators won’t have to pay settlement fees when using the FPS for payments from corporates and merchants.

Crypto / Digital Assets

PBOC Adds CBDC Feature to Boost Adoption Among Foreigners

By Sanday Chongo Kabange | 27/09/2023

The e-CNY app now allows foreigners to top up their digital wallets using global payment networks Visa and Mastercard.

AML / KYC

HKMA Publishes Cases Studies on Regtech Adoption for AML/CFT

By Editors | 26/09/2023

The report features examples of Regtech implementation for fraud monitoring, TM alerts handling, media monitoring, and customer risk monitoring.

Market Infrastructure

HKMA Designates New Market Makers for Southbound Bond Connect

By Sanday Chongo Kabange | 25/09/2023

The new designations bring the total number of designated market makers for Southbound Bond Connect trading from 13 to 22.

Crypto / Digital Assets

HKMA Says More Central Banks Will Join mBridge Platform

By Editors | 23/09/2023

HKMA CEO Eddie Yue said an MVP will soon be launched to pave the way for the “gradual commercialisation of mBridge”.