HONG KONG

    Crypto / Digital Assets

    Hong Kong Sets Out Details for New Stablecoin Licensing Regime

    By Sanday Chongo Kabange | 30/07/2025

    The HKMA has finalised its new rules for stablecoin issuers, which will take effect from 1 August 2025, with the first licences expected in early 2026.

    HKMA to Cut 2026 Budget, Freeze Hiring, Reports Say

    By Sanday Chongo Kabange | 29/07/2025

    The HKMA will reportedly reduce its operating budget by 5 percent and halt new hiring, aligning with broader government austerity measures.

    Market Infrastructure

    HKEX Revises Timeline for Upgrades to Core Derivatives Platforms

    By Sanday Chongo Kabange | 29/07/2025

    HKEX has set a new timeline for the HKATS and DCASS operating system upgrade, opening a testing environment for API users from early August.

    AML / KYC

    Hong Kong Bank Complaints Surge as Anti-Fraud Measures Increase Customer Friction

    By Sanday Chongo Kabange | 29/07/2025

    The HKMA has urged banks to improve customer communication as enhanced account monitoring drives a sharp rise in complaints.

    Fintech / Regtech

    Hong Kong Pushes Data-sharing Infrastructure to Boost SME Trade Finance

    By Manesh Samtani | 29/07/2025

    The HKMA is advancing its Commercial Data Interchange (CDI) with new pilots in credit scoring and logistics data, aiming to streamline lending and cut costs for businesses.

    Enforcement

    Two Former Execs Arrested in Hong Kong for Manipulation, Corruption

    By Sanday Chongo Kabange | 28/07/2025

    A former executive director of an SFC-licensed brokerage firm is suspected of accepting advantages from a listed company's former chairman.

    Market Infrastructure

    HKEX to Launch New Digital Issuer Platform Next Year

    By Sanday Chongo Kabange | 28/07/2025

    HKEX says the new secure web-based portal will become the mandatory channel for issuer submissions, enhancing compliance and market transparency.

    Enforcement

    Hong Kong PCPD Probes Cathay Pacific Data Breach

    By Sanday Chongo Kabange | 25/07/2025

    The compliance check into a Cathay Pacific data breach follows a recent investigation into a Qantas data breach, signalling heightened regulatory scrutiny on data protection in the city.

    Fintech / Regtech

    Hong Kong Developing New Rules to Support Elderly Banking Consumers

    By Sanday Chongo Kabange | 25/07/2025

    Regulators will issue elderly-friendly banking guidelines to improve the banking experience for seniors, and require banks to offer a "default no-online banking" option to customers.

    Market Infrastructure

    Hong Kong to Expand Mandatory Reference Checks for Bankers

    By Sanday Chongo Kabange | 25/07/2025

    From September 2025, the MRC Scheme will be expanded to cover 50,000 frontline staff involved in securities, insurance, or mandatory provident fund regulated activities.

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