Hong Kong

Fintech / Regtech

HKMA Forms New Architecture Community for Project Ensemble

By Sanday Chongo Kabange | 08/05/2024

The Community will develop standards to support interoperability among wCBDC, tokenised money and tokenised assets.

Fintech / Regtech

Hong Kong, Shenzhen Pilot Cross-Border Data Platform

By Sanday Chongo Kabange | 07/05/2024

Pilot trials will test the validation of credit referencing reports and account opening documents for corporate customers.

ESG / Sustainability

HKMA Publishes Hong Kong Taxonomy for Sustainable Finance

By Manesh Samtani | 06/05/2024

The Taxonomy encompasses 12 economic activities under four sectors. The HKMA said the second phase of the Taxonomy’s development “will commence soon”.

AML / KYC

Singapore, Hong Kong Anti Scam Units and Banks Jointly Foil Scam

By Nithya Subramanian | 06/05/2024

DBS, UOB, Singapore’s ASC, and Hong Kong’s ADCC collaborated to fully recover over S$370,000 lost by a 70-year-old victim.

ESG / Sustainability

HKMA Issues Updated Guideline on Green Finance Grant Scheme

By Editors | 06/05/2024

The grant scheme is being extended another three years, and its scope is being expanded to cover transition finance instruments.

Big Picture

Risks in APAC Private Credit Sector are Limited: HKMA Research

By Manesh Samtani | 03/05/2024

However, further monitoring is warranted as private credit funds are increasingly open-ended, using leverage, and loosening their underwriting standards.

Enforcement

SFC Starts Insider Dealing Prosecution Against Hedge Fund

By Sanday Chongo Kabange | 03/05/2024

The SFC is prosecuting Segantii Capital Management, its founder Simon Sadler, and former trader Daniel La Rocca for insider dealing.

AML / KYC

HKMA Outlines Key Priorities, Green Ambitions for 2024 and Beyond

By Sanday Chongo Kabange | 02/05/2024

The HKMA has outlined its priorities for 2024 and beyond in its latest annual report and its 2023 sustainability report.

Enforcement

Hong Kong ICAC Charges MPF Intermediary with Fraud

By Sanday Chongo Kabange | 02/05/2024

A former insurance agent of FWD Life allegedly conspired with four clients to apply for early withdrawal of their MPF using false documents.