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.