Hong Kong Monetary Authority

    HK Steering Group Reaffirms Green Finance Hub Ambitions

    By Editors | 07/11/2021

    The Steering Group welcomed initiatives from the IFRS Foundation and IPSF, saying it will continue efforts to develop Hong Kong into a carbon trading hub.

    AML / KYC

    HKMA Launches AMLab Series to Experiment with Network Analytics

    By Editors | 07/11/2021

    Five banks will work with data experts to experiment with the use of data analytics and network diagrams in identifying suspected money mules.

    HKMA Issues New Code of Practice for Banks’ Trust Business

    By Sanday Chongo Kabange | 07/11/2021

    Locally incorporated AIs should ensure their trust subsidiaries comply with the code of practice. Supervisory action may be taken for noncompliance.

    Fintech / Regtech

    Multi CBDC Bridge Project Moves to Test New Use Cases

    By Sanday Chongo Kabange | 07/11/2021

    The mBridge project team has collaborated with private sector participants to identify 15 potential business use cases that are now being tested.

    Market Infrastructure

    China, EU Publish Common Sustainable Finance Taxonomy

    By Manesh Samtani | 05/11/2021

    The PBOC says the common taxonomy will help promote China-EU green investment and financing cooperation and cross-border activities, while reducing the cost of green certification.

    ESG / Sustainability

    IFC, HKMA Join Forces on New Climate Finance Initiative

    By Editors | 04/11/2021

    The programme will combine institutional investor contributions with IFC funds to scale up climate-responsible financing for private companies in emerging markets.

    Fintech / Regtech

    HKMA Unveils New Measures to Achieve Fintech Vision

    By Sanday Chongo Kabange | 04/11/2021

    Prototype platforms for green bond tokenisation developed. Commercial Data Interchange enters pilot launch. AML Regtech Lab set for Friday launch.

    Crypto / Digital Assets

    Hong Kong Virtual Assets Regime Under Review: SFC

    By Sanday Chongo Kabange | 03/11/2021

    The SFC is considering whether licensed firms should be allowed to provide crypto trading services to clients through omnibus account arrangements, and whether to allow crypto ETFs.

    Hong Kong Ends Quarantine Exemptions for Senior Finance Execs

    By Editors | 03/11/2021

    Listed company directors and senior financial industry executives will no longer be able to skip hotel quarantine procedures upon entry into Hong Kong.

    Fintech / Regtech

    HKIMR Offers Suggestions to Narrow AI/BD Talent Gap

    By Editors | 31/10/2021

    An estimated 2,000 professionals with both finance and AI/big data skills are needed to meet the talent gap in Hong Kong’s financial industry.

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