Hong Kong Monetary Authority

ESG / Sustainability

GFANZ Adds Hong Kong Chapter to Net Zero Network

By ESG Investor | 31/08/2023

The Hong Kong Chapter will serve as an extension of GFANZ’s APAC Network, joining the Japan Chapter.

Market Infrastructure

HK Clearing Rules Updated to Account for Benchmark Reforms

By Manesh Samtani | 31/08/2023

The clearing obligation will no longer apply to transactions referencing LIBOR and EONIA, which have been discontinued.

ESG / Sustainability

HKMA Sets Out Transition Planning Principles for Banks

By Sanday Chongo Kabange | 30/08/2023

The HKMA will survey banks in Q4 on their transition planning practices, and consider these efforts in its supervisory review process.

Market Infrastructure

HK Establishes Task Force on Enhancing Stock Market Liquidity

By Sanday Chongo Kabange | 30/08/2023

The task force will review factors affecting stock market liquidity including the stamp duty and make policy recommendations.

Crypto / Digital Assets

HashKey Announces Launch of Retail Crypto Trading Service

By Editors | 29/08/2023

HashKey launched trading services for retail crypto investors, allowing them to trading in bitcoin and ether.

Fintech / Regtech

HKMA Announces Expanded Scope of Fintech Push

By Sanday Chongo Kabange | 28/08/2023

The HKMA will take “proactive steps” to assist banks, brokers and insurers to “put fintech solutions into action”.

AML / KYC

HKMA to Explore Regulatory Changes to Promote Bond Tokenisation

By Sanday Chongo Kabange | 26/08/2023

The report suggests new requirements could be introduced for DLT platforms, covering areas from KYC and AML compliance to BCPs and cyber risk assessments.

Capital / Liquidity

HKMA, AFRC Sign MoU to Strengthen Cooperative Arrangements

By Editors | 17/08/2023

Collaboration will strengthen through case referrals, mutual assistance, capacity building and exchange of information.

Market Infrastructure

Wealth Connect Hindered by ‘Narrow Range of Products’

By Editors | 16/08/2023

Market participants are looking for regulators to extend the Wealth Management Connect scheme to more products and well as widen its sales channels.