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Crypto / Digital Assets
HKMA Announces Launch of Digital Bond Grant Scheme
By Editors | 30/11/2024
The scheme offers grants of up to HK$2.5mn for each eligible digital bond issuance to promote bond tokenisation in Hong Kong.
Fintech / Regtech
HKUST Launches New GenAI Platform for Financial Sector
By Sanday Chongo Kabange | 29/11/2024
HKUST’s new InvestLM, designed to support the financial services industry, is available through the HKMA’s GenAI Sandbox.
Market Infrastructure
Hong Kong Completes Transition to Multiple CRA Operating Model
By Editors | 26/11/2024
The migration of consumer credit reference services to “Credit Data Smart” was completed on 24 November. HKMA welcomed the “milestone”.
Securities / Derivatives
Hong Kong Connectivity With Mainland Set to Increase
By Manesh Samtani | 25/11/2024
China Vice-Premier He Lifeng, CSRC Chairman Wu Qing and HKMA Chief Eddie Yue discussed new initiatives at the Global Financial Leaders’ Investment Summit.
ESG / Sustainability
HKMA Launches ‘Professional Level’ ECF for Sustainable Finance
By Sanday Chongo Kabange | 23/11/2024
The “Professional Level” of the ECF-GSF aims to help mid- and senior-level bankers develop professional competencies in Green and Sustainable Finance.
Capital / Liquidity
HKMA Shares Good Practices to Support Basel III Implementation
By Manesh Samtani | 22/11/2024
The HKMA encourages banks to maintain their momentum as the 1 January 2025 implementation date for certain aspects of Basel III approaches.
Enforcement
Korea FSS to End Short-Selling Investigation by Year-End
By Nithya Subramanian | 20/11/2024
FSS Governor Lee Bok-hyun told Hong Kong institutional investors that the investigation into illegal short selling will be complete by year-end.
Fintech / Regtech
HKMA Asks Merchant Acquiring Banks to Promote Mobile POS
By Sanday Chongo Kabange | 19/11/2024
Banks are asked to promote adoption of mobile POS terminals by merchants to help expand coverage “as far as practicable”.
Capital / Liquidity
HKMA Codifies Regulatory Expectations on Money Brokers
By Sanday Chongo Kabange | 18/11/2024
New SPM module codifies existing requirements and standards for approved money brokers and elaborates on HKMA’s supervisory process.
Crypto / Digital Assets
HKMA Warns Crypto Firms Against Misusing “Bank” Label
By Sanday Chongo Kabange | 18/11/2024
The HKMA says misuse of the label “bank” by unlicensed crypto firms may constitute a contravention of the Banking Ordinance.
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