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MARKET INFRASTRUCTURE
Crypto / Digital Assets
BOCHK Becomes First Bank to Use mBridge to Automate Remittances
By Sanday Chongo Kabange | 30/10/2024
BOCHK says it has completed the first fully automated cross-border remittance via mBridge and will continue to do so for selected corporate customers.
Market Infrastructure
SFC, Exchanges See Blockchain as New Capital Market Backbone
By Georgina Lee | 30/10/2024
Hong Kong now looking at commercialising tokenised instruments to help address the pain points of the traditional financial market, said the SFC’s Elizabeth Wong.
Fintech / Regtech
HKMA Launches New Platform to Boost Fintech Collaboration
By Sanday Chongo Kabange | 30/10/2024
The “Fintech Connect” platform will help banks discover innovative solutions developed and offered by fintech solution providers.
Securities / Derivatives
NYSE to Extend US Equities Trading to 22 Hours a Day
By Editors | 30/10/2024
All US listed stocks, ETFs and closed-end funds would be available for trading on NYSE Arca during the 22-hour weekday sessions.
Crypto / Digital Assets
BIS and APAC Central Banks Release Results of Project Mandala
By Sanday Chongo Kabange | 29/10/2024
Project Mandala demonstrated that jurisdiction-specific regulatory requirements can be embedded in cross-border transaction protocols.
Capital / Liquidity
PBOC Launches New Facility to Help Manage Banking System Liquidity
By Editors | 29/10/2024
The facility can be used by the PBOC to conduct outright reverse repo transactions with primary dealers in open market operations on a monthly basis.
Fintech / Regtech
HKMA Establishes Tokenisation Partnerships with Thailand, Brazil
By Sanday Chongo Kabange | 29/10/2024
The HKMA will collaborate with the central banks of Thailand and Brazil to explore cross-border tokenisation use cases, leveraging the Project Ensemble sandbox.
Fintech / Regtech
HKMA, PBOC to Pilot Cross-Boundary Payments Link in Mid-2025
By Sanday Chongo Kabange | 29/10/2024
The HKMA says a pilot launch for a cross-boundary payment linkage between Hong Kong’s FPS and China’s IBPS will tentatively launch in mid-2025.
Big Picture
IMF Warns Against Complacency Amid Geopolitical Uncertainty
By Thisanka Siripala | 26/10/2024
Market complacency could lead to an underestimation of risks and increase the chance of sudden surges in volatility and sudden shocks.
Market Infrastructure
HSBC Hong Kong Becomes Direct Participant of China’s CIPS
By Editors | 26/10/2024
The move will make it easier for overseas companies to trade and invest using the Chinese currency by making yuan payments faster and cheaper.
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