Hong Kong Launches Family Office Digital Knowledge Hub

03/04/2025

The digital knowledge hub is a resource dedicated to family offices in Hong Kong and around the world.

Big Picture

Hong Kong FSDC Offers Ideas for Growing Insurance Industry

03/04/2025

The FSDC offers recommendations to further develop Hong Kong’s insurance industry and cement the city’s position as a global insurance hub.

AML / KYC

AUSTRAC to Start Work on Second Draft on New AML/CTF Rules

03/04/2025

AUSTRAC is reviewing over 100 submissions from last December’s consultation before releasing a second exposure draft on the new AML/CTF Rules.

Hong Kong MPFA Consults on “Full Portability” Mechanism for Pensions

03/04/2025

MPFA puts forward 2 proposals to implement “full portability”, which will allow employees freedom to transfer benefits accrued from employers’ contributions to a new provider of their choice.

Securities / Derivatives

SFC Adjusts Eligibility Criteria for OFC and REIT Grant Scheme

03/04/2025

The scheme will still cover 70 percent of eligible expenses paid to Hong Kong-based service providers to set up OFCs and REITs, but the caps are lower.

Capital / Liquidity

RBA Adjusts Configuration of Open Market Operations

03/04/2025

The changes will provide more of an incentive for banks to recycle reserves in private markets, reducing reliance on OMO for liquidity.

Capital / Liquidity

RBA Urges Banks to Utilise Overnight Facility for Liquidity

02/04/2025

Banks are encouraged to use the RBA’s overnight standing facility if they cannot find liquidity on suitable terms in private markets or via weekly OMOs.

AFRC Sets Out Strategic Priorities for 2025-2027

02/04/2025

AFRC’s three-year strategic plan considers rapid advancements in technology, especially relating to AI, and an increasing focus on sustainability.

AML / KYC

AUSTRAC Develops New Digital Channel for Data-Sharing with Banks

02/04/2025

The initiative was the first project under AUSTRAC’s Collaborative Analytics Hub, and resulted in the development of several dashboards to facilitate intelligence analysis.