Hong Kong Monetary Authority

AML / KYC

HKMA Ask Banks to Heed SFC Guidance on IPO Financing

By Sanday Chongo Kabange | 31/03/2025

Banks are directed to comply with new SFC guidance on IPO financing, particularly the investor identification requirement under FINI.

Crypto / Digital Assets

SFC Approves Launch of “World’s First” Tokenised Money Market ETF

By Manesh Samtani | 29/03/2025

HashKey and Bosera said the new ETFs will provide investors an instrument that “balances traditional stability with the agility and flexibility of digital assets”.

Market Infrastructure

HKMA Sets Testing Deadline for New Derivatives Reporting Regime

By Manesh Samtani | 29/03/2025

Regulated entities subject to the new OTC derivatives reporting regime must complete the simulation test and submit a readiness declaration form by 12 September.

AML / KYC

Financial Crime Fighters Set to Gather in Hong Kong

By Manesh Samtani | 28/03/2025

The HKMA and GCFFC are bringing together financial crime fighters from around the world amid an increasingly complex threat landscape.

Fintech / Regtech

HKMA Preparing to Further Enhance Wealth Connect Scheme

By Manesh Samtani | 28/03/2025

The enhancement would aim to refine quota eligibility, further expand the suite of eligible products, improve the selling process, and investors more Mainlanders to participate.

Fintech / Regtech

Navigating the Regulation of Generative AI in Financial Services

By Mary Leung | 27/03/2025

Mary Leung discusses how AI is being regulated in the financial services industry and the approaches different jurisdictions are pursuing.

Fintech / Regtech

HKMA Applying GenAI to Monitor for Banking System Risks

By Manesh Samtani | 27/03/2025

HKMA is using an in-house GenAI tool to analyse banks’ earnings call transcripts to identify major risks ahead of actual stress events.

Market Infrastructure

HKMA Relaxes Wealth Connect Limit for Overseas Incorporated Banks

By Sanday Chongo Kabange | 25/03/2025

HKMA has raised the customer limit for non-locally incorporated AIs providing southbound WMC services to non-private banking Mainland customers.

AML / KYC

HK Considers Allowing Banks to Freeze Scam-Linked Accounts

By Sanday Chongo Kabange | 24/03/2025

HKPF and HKMA are in talks with banks on a mechanism to freeze accounts linked to fraudulent activities.