Hong Kong Monetary Authority

Crypto / Digital Assets

HKMA Commences Phase 2 of e-HKD Pilot Programme

By Manesh Samtani | 24/09/2024

Over 20 firms were selected to explore innovative use cases for e-HKD and tokenised deposits across three themes.

Fintech / Regtech

HKMA Invites Banks to Apply for GenAI Sandbox Participation

By Manesh Samtani | 23/09/2024

The AI/GenAI sandbox trials will focus on three areas: risk management, anti-fraud measures, and customer experience.

Fintech / Regtech

Hong Kong to Announce AI Policy by End-October – Report

By Thisanka Siripala | 20/09/2024

The policy statement, expected to be released during Hong Kong FinTech Week, is intended to clarify the government’s supportive stance on AI technology.

Securities / Derivatives

Hong Kong Market Will Stay Open During Typhoons Starting Monday

By Manesh Samtani | 20/09/2024

Market participants accounting for 99.9% of the securities market and all derivatives participants have declared they are fully prepared for the reform.

Market Infrastructure

US, Hong Kong Cut Rates for the First Time in Four Years

By Manesh Samtani | 19/09/2024

The last time the US Federal Reserve and HKMA lowered their benchmark interest rates was during the early days of the Covid-19 pandemic in 2020.

ESG / Sustainability

HKICPA Consults on Exposure Drafts to Adopt ISSB Standards

By Manesh Samtani | 19/09/2024

The exposure drafts are open for consultation until 27 October. The standards will be finalised by end 2024 and take effect on 1 August 2025.

Market Infrastructure

Hong Kong, Macao to Establish Bond Market Infrastructure Link

By Sanday Chongo Kabange | 17/09/2024

Investors in Hong Kong and Macao will be able to clear, settle and hold bonds in each other’s markets using their existing home market infrastructure.

ESG / Sustainability

HKMA, DFSA to Deepen Collaboration on Sustainable Finance

By Sanday Chongo Kabange | 17/09/2024

The HKMA and DFSA signed an MoU to deepen cross-border dialogue, information exchange and joint research on sustainable finance.

AML / KYC

HKMA Issues Guidance on Using AI to Enhance AML Monitoring

By Sanday Chongo Kabange | 10/09/2024

Banks will have to assess the feasibility of adopting AI in their ML/TF monitoring systems and then formulate and submit an implementation plan to HKMA by end March 2025.