Hong Kong Monetary Authority

Fintech / Regtech

HKMA, PBOC Explore Use of CBDC for Cross-border Payments

By Editors | 26/04/2023

HKMA deputy chief Darryl Chan said there is scope to expand the Wealth Management Connect scheme and use CDI data for cross-border finance.

ESG / Sustainability

GBA Green Finance Alliance Launches Technology Working Group

By Editors | 25/04/2023

At a meeting hosted by the HKGFA, the Alliance launched a technology working group and unveiled plans to form another working group focused on transition finance.

ESG / Sustainability

HKMA Enhances Climate Risk Stress Testing Framework

By Manesh Samtani | 24/04/2023

Key enhancements include the introduction of a new five-year scenario, additional assessment requirements, and more detailed reporting requirements.

Crypto / Digital Assets

HK CBDC May Be Developed on Permissioned Blockchain

By Sanday Chongo Kabange | 21/04/2023

The HKMA has asked banks to “review and research and then propose” an implementation approach for the e-HKD.

Securities / Derivatives

CFFEX Set to Launch 30 Year Treasury Bond Futures

By Editors | 16/04/2023

CFFEX already offers futures trading in 2-year, 5-year, and 10-year treasury bond futures. The 30-year contract will start trading on Friday (21 April).

Crypto / Digital Assets

Hong Kong Doubles Down on Pledge to Develop Web3

By Editors | 13/04/2023

Financial Secretary Paul Chan said crypto market volatility provides an opportunity for Web3 development. SFC official said DeFi platforms require licensing.

AML / KYC

Hong Kong Announces New Measures to Combat Phone Scams

By Editors | 12/04/2023

Implementation of an “SMS sender name” registration system will begin in the banking industry by the end of this year.

Market Infrastructure

Final Rules for Swap Connect Agreed by Authorities – Report

By Manesh Samtani | 10/04/2023

Swap Connect could start trading by June if not sooner. Mainland treasury bond futures may also become accessible from Hong Kong.

Fintech / Regtech

APAC Regulators Form New Forum to Address Cloud Risk

By Sanday Chongo Kabange | 06/04/2023

MAS assistant managing director Vincent Loy said the twice-a-year forum will help APAC regulators and CSPs ensure greater resilience of cloud adoption in the financial sector.