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HSBC Provides Relief to Customers Impacted by Outbreak
By Editors | 10/02/2020
HSBC becomes the latest Hong Kong bank to announce relief measures for business owners impacted by the novel coronavirus and its effects on the economy.
HKMA Urges ‘Sympathetic Stance’ for Borrowers Affected by Coronavirus
By Manesh Samtani | 07/02/2020
The HKMA is encouraging banks to adopt a sympathetic stance to customers facing coronavirus-related difficulties and to consider offering relief on debt repayment and fees.
Capital / Liquidity
HKMA Maintains 2% CCyB Amid ‘Uncertain’ Environment
By Editors | 30/01/2020
HKMA chief Eddie Yue says it is appropriate to maintain the CCyB at 2.0% to allow more time to “observe the trend”.
Market Infrastructure
HKMA Consults on Contractual Stay Provisions in Financial Contracts
By Editors | 23/01/2020
FIs will have to adopt provisions in financial contracts binding counterparties to temporary stays on termination rights that may be imposed by the HKMA during bank resolution.
Fintech / Regtech
HKMA, BOT Announce Outcomes of Joint CBDC Research
By Editors | 23/01/2020
In 3Q 2019, eight Thai banks and two Hong Kong banks (HSBC and ZA Bank) participated in a THB-HKD cross-border corridor network PoC using a CBDC.
Fintech / Regtech
HKMA to Set Up ‘Digitalisation Office’ to Implement Transformation
By Editors | 22/01/2020
The progressive development of digitalisation initiatives will bring profound changes to how the HKMA works and further enhance its efficiency, says deputy chief Howard Lee.
Capital / Liquidity
HK Banks Pledge Continued Leniency for SME Borrowers
By Editors | 21/01/2020
At the second meeting of the Banking Sector SME Lending Coordination Mechanism, established in October, banks agreed to a number of additional measures to aid SME borrowers.
ESG / Sustainability
Hong Kong, Thailand Set to Sign Cross-Border Funds Agreement
By Editors | 17/01/2020
Hong Kong’s SFC and Thailand’s SEC plan to sign a mutual recognition of funds agreement within the second quarter of this year.
ESG / Sustainability
HKMA Urges Family Offices to Set Up in Hong Kong
By Editors | 17/01/2020
The HKMA has been working to enhance Hong Kong’s competitiveness as a family office hub by developing talent, enhancing investment opportunities, and outreach.
Market Infrastructure
HKMA Reveals Preliminary Findings from Bank Culture Assessments
By Manesh Samtani | 16/01/2020
HKMA executive director Alan Au says banks generally agree with the need to foster sound bank culture and have been implementing a range of culture enhancement initiatives.
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