Hong Kong Monetary Authority

Crypto / Digital Assets

AIIB Becomes First in Asia to Issue Digital Note via Euroclear

By Ranamita Chakraborty | 27/08/2024

The digital securities raised $300mn for AIIB’s sustainable development bond programme, with clearing possible through HKMA’s CMU and SIX.

HKMA, HKAB Form New Joint Taskforce on SME Lending

By Sanday Chongo Kabange | 25/08/2024

The taskforce will work on ensuring effective implementation of the measures announced in March and addressing difficulties encountered by individual SMEs.

ESG / Sustainability

HKMA Issues Guidance for Banks on Climate Risk Governance

By Sanday Chongo Kabange | 23/08/2024

The guidance is aimed at helping banks to develop and enhance their governance structures and oversight frameworks for climate risk.

Market Infrastructure

HK Securities Firms Set to be Added to Wealth Connect Scheme

By Editors | 22/08/2024

Ten securities companies including China CITIC Securities, CICC, Huatai Securities and GF Securities will initially be added to the scheme.

AML / KYC

Banks Exercise Caution in Transition to AI-Based AML Systems

By Bradley Maclean | 20/08/2024

Participants at a recent Regulation Asia roundtable in Hong Kong expressed caution, but also optimism, about the use of AI for AML purposes.

Capital / Liquidity

HKMA Consults on Revisions to Based III SPM Module

By Editors | 20/08/2024

The revisions take into account changes to the capital standards that were gazetted in December 2023 as part of the implementation of the Basel III final package.

HKMA to Create Taskforce to Handle Loan-related Complaints

By Sanday Chongo Kabange | 20/08/2024

The task force will handle complaints from SMEs that are being asked to repay their loans earlier than the agreed time.

Fintech / Regtech

HKMA Issues Guidance for Banks on Using Generative AI

By Sanday Chongo Kabange | 20/08/2024

The HKMA encourages banks to proactively explore the use of GenAI to enhance consumer protection and better tailor products to individual customers.

Fintech / Regtech

Hong Kong SFC Proposes to Abolish Mixed Media Offers

By Sanday Chongo Kabange | 19/08/2024

The SFC says MMOs have become “obsolete” since the introduction of the paperless listing and subscription regime in 2021.