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HONG KONG MONETARY AUTHORITY
Crypto / Digital Assets
HKMA to Soon Issue Guidelines for Banks on DLT Adoption
By Manesh Samtani | 02/04/2024
HKMA’s Raymond Chan said the new guidelines will not be binding nor exhaustive, but they will provide a “helpful benchmark” for banks looking to plan and develop DLT solutions.
HKMA Announces Nine New Measures to Support SMEs
By Sanday Chongo Kabange | 02/04/2024
The measures will enhance the financing support for SMEs and make it easier for them to compare, select offerings from, and switch to different banks.
Securities / Derivatives
HKMA, SFC Call on Firms to Ensure Readiness for US Move to T+1
By Editors | 28/03/2024
Firms should consider deploying additional staff and or making adjustments to work shifts or working hours to cope.
ESG / Sustainability
HKMA Urges Banks to Utilise GHG Reporting Tools
By Sanday Chongo Kabange | 27/03/2024
The HKMA called on banks to make use of the two new GHG reporting tools launched by the Cross-Agency Steering Group last month.
Securities / Derivatives
HKMA, SFC Planning Sept 2025 Rollout of New Derivatives Reporting Regime
By Manesh Samtani | 25/03/2024
HKMA and SFC propose to adopt a ‘big bang’ approach to implementation, rolling out the UTI, UPI, CDE and ISO 20022 requirements on 29 September 2025.
AML / KYC
Achieving Effectiveness in AML is a Shared Mission: HKMA’s Carmen Chu
By Bradley Maclean | 25/03/2024
Ms Carmen Chu discusses Hong Kong’s threat landscape, HKMA’s efforts to improve industry effectiveness, and key messages for FIs on collaboration and the use of technology.
Big Picture
New Mediums of Exchange Will Add to HK’s GDP: Report
By Manesh Samtani | 25/03/2024
BCG, DLA Piper, HKT Payment Limited, paywith.glass, VSFG and ZA Bank say CBDC, tokenised deposits and stablecoins will add HK$160bn to Hong Kong’s GDP by 2032.
Hong Kong to Raise Bank Licence Fees Nearly 30%
By Manesh Samtani | 22/03/2024
An HKMA review concluded that the proposed increase in fees should be “manageable” for affected financial institutions.
ESG / Sustainability
Hong Kong Progresses Work to Expand Green Bond Programme
By Manesh Samtani | 21/03/2024
A new Infrastructure Bond Programme will be established and the Government Green Bond Scheme will be expanded and renamed to cover sustainable projects.
Crypto / Digital Assets
Hong Kong: Prototype Created to Issue Electronic Bills of Lading
By Manesh Samtani | 21/03/2024
The eBL prototype, developed by GSBN and Ant Group, is being used in the HKMA’s wholesale CBDC sandbox project.
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