HONG KONG MONETARY AUTHORITY

Fintech / Regtech

Hong Kong's Digital Banks Face Trust Deficit, Survey Finds

By Manesh Samtani | 09/07/2025

A new survey reveals Hong Kong's digital banks struggle to gain user trust and primary account status, despite high adoption rates.

Market Infrastructure

UPDATED: Bond Connect Expands to Non-Banks, Repo Rules Eased

By Manesh Samtani | 08/07/2025

Regulators will permit non-bank institutions into Southbound trading and allow rehypothecation in repo deals, with key changes launching on 25 August.

AML / KYC

How Hong Kong is Tackling the Money Mule Threat

By Manesh Samtani | 04/07/2025

Industry experts discussed the growing sophistication of money mule networks and the complexities of detecting and offboarding suspicious accounts.

AML / KYC

HKMA Refines Rules for Onshore RMB Cross-Border Trade Conversion

By Sanday Chongo Kabange | 30/06/2025

HKMA has updated rules for CNY cross-border trade conversions, clarifying bank obligations under the RMB settlement scheme.

AML / KYC

HKMA Offers Favourable Liquidity Treatment for ‘Money Safe’ Deposits

By Manesh Samtani | 30/06/2025

HKMA will allow deposits locked in the new anti-scam feature to be treated as more stable for liquidity calculations.

Crypto / Digital Assets

Hong Kong Unveils Second Policy Statement on Digital Assets Development

By Sanday Chongo Kabange | 27/06/2025

The latest policy statement on digital assets development introduces the so-called "LEAP" framework and builds on the 2022 policy.

Market Infrastructure

HKMA, AIIB Agree to Support Emerging Asia Venture Capital

By Sanday Chongo Kabange | 27/06/2025

HKMA and AIIB will collaborate to invest in a portfolio of VC funds that prioritise green technology across emerging markets in Asia.

Crypto / Digital Assets

Hong Kong to Set High Bar for Stablecoin Licences

By Sanday Chongo Kabange | 25/06/2025

HKMA CEO Eddie Yue said only a “handful” of licences will likely be granted, reflecting the regulator’s “cautious approach” and the need for user protection.

Crypto / Digital Assets

Hong Kong Examining Potential for Yuan-Backed Stablecoin

By Sanday Chongo Kabange | 24/06/2025

Christopher Hui said risks must be studied, taking into consideration the Mainland’s monetary policy direction and yuan internationalisation roadmap.