Hong Kong Monetary Authority

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”.

ESG / Sustainability

HKMA Announces Launch of Green Fintech Competition

By Editors | 21/09/2023

Interested firms will need to submit a market-ready solution for at least one of four themes by 20 October 2023.

Crypto / Digital Assets

HKMA, SFC Warn of Illegal Offerings by Crypto Firms

By Sanday Chongo Kabange | 18/09/2023

The HKMA warned about crypto firms labelling themselves as banks. The SFC warned about a crypto firm called JPEX which falsely claims to be licensed.

Crypto / Digital Assets

HKMA, Central Banks to Beta Test CBDC Interoperability Solution

By Editors | 14/09/2023

New use cases for the solution, developed by Swift, are also being tested in a new sandbox environment by the RBA, BOT, CLS and other institutions.

Crypto / Digital Assets

BIS Innovation Hub Unveils Findings from CBDC Project “Sela”

By Editors | 13/09/2023

The collaboration with HKMA and Bank of Israel demonstrated that retail CBDC can support access, cyber security and competition, while retaining cash features.

HKMA Chief Appointed to Key BIS Post to Support Emerging Markets

By Editors | 13/09/2023

HKMA chief Eddie Yue was appointed Chair of the meeting of Governors of major emerging market economies for three years.

Fintech / Regtech

HKMA, PBOC Enter Next Phase of e-CNY Technical Testing

By Editors | 11/09/2023

Hong Kong is expanding its technical testing to include more banks and testing the digital yuan wallet’s top-up function through FPS.

HKMA Sets Out Talent Management Expectations for Banks

By Editors | 08/09/2023

The latest HKMA circular provides guidance to help banks assess, maintain, and enhance the competence levels of their workforce and address talent shortages.

Capital / Liquidity

HK Investors Prepare Legal Action Over Credit Suisse AT1 Bonds

By Sanday Chongo Kabange | 07/09/2023

Hong Kong investors will claim the wipeout of Credit Suisse AT1 bonds was at odds with a bilateral investment treaty between Hong Kong and Switzerland.