HONG KONG MONETARY AUTHORITY

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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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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”.

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    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.

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    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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