HONG KONG MONETARY AUTHORITY

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

HKMA Consults on New Return Templates for Reporting Cryptoassets

By Sanday Chongo Kabange | 17/06/2025

HKMA said the revised return templates will help guide system developments of banks as they prepare to implement the BCBS standard.

Securities / Derivatives

The Path to Readiness for HKMA’s Derivatives Reporting Rewrite

By Priya Kundamal | 16/06/2025

HKMA’s new derivatives reporting rules require firms to prioritise testing and stakeholder engagement, writes DTCC’s Priya Kundamal.

Securities / Derivatives

HKMA’s Trade Reporting Rewrite: An Opportunity to Modernise

By Nithya Subramanian | 11/06/2025

As Hong Kong’s new OTC derivatives reporting rules loom, DTCC is urging market participants to quickly start testing.

Capital / Liquidity

HKMA Tightens Liquidity Reporting Requirements for Banks

By Manesh Samtani | 11/06/2025

Banks required to report more granular data on the maturity profile of assets and liabilities, deposit insurance, and mortgage loans, among other areas.

Crypto / Digital Assets

Hong Kong’s New Stablecoin Law to Commence Operation on 1 August

By Sanday Chongo Kabange | 10/06/2025

The stablecoin ordinance passed in May will take effect on 1 August, subject to negative vetting of the legislative notice.