The Pre-approved Principal Payment Holiday Scheme has been in effect since May 2020. The HKMA says some corporates are still facing cash-flow pressures.
Project Dynamo will study whether and how DeFi tools such as blockchain and smart contracts can improve access to finance for SMEs.
PCAOB inspectors are expected to arrive in Hong Kong soon, but will have to serve three days in hotel quarantine before beginning work at PwC and KPMG's Hong Kong offices.
Under the proposals, the revenue requirement for commercialised tech firms would be lowered from HK$500 million to between HK$200-300 million.
HashKey says it will be allowed to manage funds exclusively investing in virtual assets in compliance with the SFC’s regulations
The FSDC says Hong Kong's suitability framework has grown too "complex" and the suitability obligations are "overly prescriptive".
Chairwoman Laura Cha revealed that HKEX has over 170 IPO applications from companies, but many are waiting for market conditions to improve before listing.
Visitors would be able to use their home faster payment system to pay for shopping and food in each other's markets via their mobile phones.
The new platform, Banking GPS, provides information on major bank functions and job openings, tips on job-hunting, and experience sharing from practitioners.
A first phase of enhancements will take effect on 31 October 2022. A second phase will be implemented in H1 2023, subject to market readiness.
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