Hong Kong Monetary Authority

CBDCs

BOT Unveils New Project to Use CBDC for B2B Payments

By Editors | 19/06/2020

A CBDC prototype developed by Digital Ventures will be integrated with systems at industrial conglomerate Siam Cement PCL and its suppliers.

Cybersecurity

HKMA Publishes Banking Sector Talent Gap Findings

By Editors | 18/06/2020

Key skill gaps in the banking workforce were identified in areas relating to technology and data, cybersecurity, core banking knowledge, regulation and compliance, and climate risk management.

Alternative Markets

HKMA to Select Managers for New Growth Portfolio by H2 – Report

By Editors | 15/06/2020

The sovereign growth portfolio will invest in Hong Kong-specific projects, aimed at lifting the city’s competitiveness in financial services, commerce, aviation, logistics and innovation.

Anti-Money Laundering

HKMA Spotlights RegTech Use to Implement AML/CFT Measures

By Manesh Samtani | 15/06/2020

The HKMA outlines four regtech use cases that support the effective implementation of AML/CFT measures at Hong Kong banks.

Structural Regulation

Xiaomi-AMTD Joint Venture Launches Hong Kong Virtual Bank

By Editors | 11/06/2020

Airstar Bank commits to becoming “Everyone’s Bank”, contrasting itself with conventional banking models which focus on high net-worth individuals.

Trading & Investment

Chinese Regulators Respond to US Threat Against Hong Kong

By Manesh Samtani | 08/06/2020

The PBOC and CBIRC have offered assurances that Hong Kong’s status as an international financial centre will not be jeopardised under the new national security law.

Conduct, Culture & Accountability

HKMA Initiative to Nurture Young Talent for Banking Industry

By Editors | 04/06/2020

The HKMA will sponsor up to half of the salaries of the fresh graduates employed by firms that participate in the Banking Talent Programme.

KYC & CDD

HKMA Offers Guidance on AML Controls for Remote Onboarding

By Manesh Samtani | 03/06/2020

The HKMA has published its observations of good practices used by authorised institutions to mitigate the potential risks of new technology adopted for remote onboarding.

Credit Risk

HKMA Issues Guidance on Treatment of Loans Under Relief

By Editors | 26/05/2020

The HKMA’s guidance on the treatment of loans subject to government guarantees and payment moratoriums is largely in line with guidance issued by the BCBS last month.