HONG KONG MONETARY AUTHORITY

Capital / Liquidity

HKMA Tweaks Rules to Address Homebuyer Hardship

By Editors | 18/06/2024

The adjustments aim to address depressed valuations, simplify borrowing capacity calculations, and reduce rental income haircuts.

Capital / Liquidity

How Asian Regulators Have Been Reflecting on 2023 Bank Failures

By Blake Evans-Pritchard | 18/06/2024

Asian regulators have been looking at whether the kinds of bank failures that occurred last year could also take place in their home markets.

HKMA Directs Banks to Review Insurance Referral Business

By Sanday Chongo Kabange | 14/06/2024

The HKMA asked banks to assess their compliance with prohibitions on the use of unlicensed agents to target Mainland customers.

Securities / Derivatives

HKEX Targets September for Severe Weather Trading Launch

By Editors | 10/06/2024

HKEX is working to finalise the severe weather trading model and has set an internal target for implementation in September.

Market Infrastructure

HKMA Exploring Further Enhancements to Wealth Connect

By Editors | 06/06/2024

The individual investor quota was tripled this year, but it is still “not quite enough for private bank clients”, said HKMA’s Eddie Yue.

ESG / Sustainability

HKMA May Make Green Taxonomy Mandatory for Banks

By Nithya Subramanian | 06/06/2024

Executive director Kenneth Hui said the HKMA is considering making the taxonomy mandatory for the banking sector.

Crypto / Digital Assets

Project mBridge Ready for Live Transactions by Early Adopters

By Manesh Samtani | 06/06/2024

Private sector firms are invited to further develop the multi-CBDC platform by proposing new solutions and use cases.

Market Infrastructure

HKMA Allows WMC Participation by Non-Locally Incorporated AIs

By Sanday Chongo Kabange | 03/06/2024

Non-locally incorporated AIs may provide southbound WMC services through their Hong Kong branches if they meet certain requirements.

ESG / Sustainability

HKMA Launches Beta Platform for Physical Risk Assessments

By Sanday Chongo Kabange | 30/05/2024

The cloud-based platform enables banks to assess the physical risks of climate change on residential and commercial buildings.