Hong Kong Monetary Authority

AML / KYC

HKMA Mandates Mandatory Name Matching for All Fund Transfers

By Sanday Chongo Kabange | 19/02/2025

Under the HKMA’s 2021 guidance, the mandatory name matching process was only required for fund transfers of HKD 10,000 or above.

ESG / Sustainability

HKMA Issues New Guide for Banks on Greentech Adoption

By Sanday Chongo Kabange | 19/02/2025

The HKMA is urging banks to review the new practice guide and consider how greentech can be integrated into their operations.

Crypto / Digital Assets

Standard Chartered Forms JV to Issue HKD-Backed Stablecoin

By Sanday Chongo Kabange | 19/02/2025

Standard Chartered, Animoca Brands and HKT will apply for HKMA licence to issue the first Hong Kong dollar-backed stablecoin.

Securities / Derivatives

Hong Kong SFC Offers Clarity on Listing of Alternative Funds

By Sanday Chongo Kabange | 18/02/2025

The SFC said its door has “always been open” for closed-ended alternative funds, including PE funds, to be listed on the stock exchange.

Market Infrastructure

Hong Kong’s First Critical Infrastructure Cybersecurity Law is Becoming Reality

By Albert Yuen | 17/02/2025

Albert Yuen and Eunice Lee at Linklaters discuss the proposed new Cyber CI Bill and its implications for critical infrastructure operators.

Capital / Liquidity

HKMA Directs Banks to Enhance Interest Rate Risk Management

By Sanday Chongo Kabange | 13/02/2025

The HKMA says AIs must strengthen the management of interest rate risk, emphasising CARs disclosure and usage of behavioural models.

Crypto / Digital Assets

HKMA Consults on Amendments to Banking Capital Rules

By Sanday Chongo Kabange | 12/02/2025

The amendments to certain definitions or provisions aim to enhance clarity and align with the Basel framework.

Capital / Liquidity

HKMA Unveils Details of New RMB Trade Financing Liquidity Facility

By Manesh Samtani | 10/02/2025

Banks that have the required governance and controls in place can start tapping the new facility on a pilot basis starting 28 February 2025.

ESG / Sustainability

Hong Kong to Develop Operational Guidance for Transition Finance

By Sanday Chongo Kabange | 07/02/2025

This year, Hong Kong regulators will also launch an official “green fintech map” and a “transition finance knowledge hub”.