Hong Kong Monetary Authority

Capital / Liquidity

Hong Kong Further Extends Three Loan Support Schemes

By Editors | 21/09/2021

The 100% Personal Loan Guarantee Scheme, SME Financing Guarantee Scheme, and Pre-approved Principal Payment Holiday Scheme are being extended.

Market Infrastructure

HKMA Names Market Makers for Southbound Bond Connect

By Editors | 18/09/2021

The designated market makers were selected based on several criteria, including their Hong Kong bond market activities and their counterparty networks with Mainland FIs.

HKMA Finds Gaps in How Banks Sell Tax Deductible Products

By Sanday Chongo Kabange | 15/09/2021

Some banks did not ensure the products were suitable, or did not explain product features and risks to customers.

Market Infrastructure

Southbound Bond Connect to Launch on 24 September

By Editors | 15/09/2021

Southbound trading under Bond Connect will have an initial daily quota of CNY 20 billion and an annual quota of CNY 500 billion.

Market Infrastructure

APLMA, TMA Issue Guidance on SOFR Adoption in Loan Markets

By Manesh Samtani | 15/09/2021

The HKMA said it supports the publication of the new information note, which sets out options to replace USD LIBOR with SOFR in loan contracts.

Market Infrastructure

Cross-boundary Wealth Management Connect Launched

By Manesh Samtani | 10/09/2021

The PBOC, HKMA and AMCM have published the implementation details to support the launch of the Cross-boundary Wealth Management Connect Pilot Scheme.

Market Infrastructure

GBA Wealth Management Connect Set for Launch

By Editors | 10/09/2021

The southbound leg of Bond Connect will also be launching shortly. A press release will be held this afternoon to announce implementation details.

Market Infrastructure

HKMA Urges Continued Momentum in Bank Culture Efforts

By Manesh Samtani | 09/09/2021

Culture is the “invisible glue” that holds a bank together and assumes an even more critical role during the pandemic, says the HKMA’s Arthur Yuen.

ESG / Sustainability

Hong Kong Explores Role in Unified GBA Carbon Market

By Sanday Chongo Kabange | 08/09/2021

Hong Kong is exploring opportunities to establish a unified carbon market in the Greater Bay Area, leveraging the Guangdong ETS and Shenzhen ETS.