Hong Kong

Securities / Derivatives

World Bank, ICMA Detail Work on New AI Tool to Streamline Bond Issuance

By Manesh Samtani | 24/11/2025

Project SHASTRA uses generative AI and ICMA's Bond Data Taxonomy to tackle post-trade inefficiencies and create a 'single source of truth'.

Fintech / Regtech

HKMA Official Discusses Approach to AI Regulation, Anti-fraud Strategy

By Manesh Samtani | 24/11/2025

In a speech, Executive Director Alan Au outlined the HKMA's regulatory approach to Generative AI and measures to combat financial fraud.

AML / KYC

HKMA Issues Guidance to Curb 'Overly Cautious' AML Checks on PEPs

By Sanday Chongo Kabange | 24/11/2025

The HKMA’s new 'Smart Tips' guidance clarifies rules for domestic and former PEPs, urging banks to adopt a more proportionate, risk-based approach.

Capital / Liquidity

HKMA Tightens Rules on Insurance Premium Financing After Review

By Sanday Chongo Kabange | 24/11/2025

The HKMA says new standards from 1 January 2026 will ban bundling, require clearer risk disclosures, and address concerns over short-term loans.

AML / KYC

HKMA Reports on AI Adoption Status in Transaction Monitoring

By Sanday Chongo Kabange | 23/11/2025

The HKMA revealed high uptake following its September 2024 directive and announced new workshops on the use of AI and crypto-related risks.

HKMA Revises Rules for Banks' Insurance Business

By Sanday Chongo Kabange | 21/11/2025

The updated policy manual reiterates expectations on corporate governance and clarifies the authority and seniority required for responsible officers supervising insurance activities.

Enforcement

Hong Kong Jails Agents in Insurance Commission Fraud Scheme

By Sanday Chongo Kabange | 21/11/2025

Jail sentences were earlier handed to another 11 individuals who were all part of the same 'dummy agent' commission fraud scheme, according to the ICAC.

Crypto / Digital Assets

OMFIF Report: Flawed Basel Rules Hinder Bank Adoption of Public Blockchains

By Manesh Samtani | 21/11/2025

A global working group calls on regulators to abandon prescriptive architectural rules for blockchain and instead adopt a 'function over form' approach.

Crypto / Digital Assets

AMINA Bank Secures Hong Kong Licence for Institutional Crypto Services

By Sanday Chongo Kabange | 20/11/2025

AMINA Bank is the first international banking group to secure authorisation in Hong Kong to offer regulated crypto trading and custody to professional investors.