HONG KONG MONETARY AUTHORITY

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    Market Infrastructure

    Hong Kong Aims to Become Global Hub for “Patient Capital”

    By Sanday Chongo Kabange | 29/05/2025

    Hong Kong will attract patient capital by enhancing its regulatory framework, offering targeted incentives and strengthening its position as a risk management centre.

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    Enforcement

    Hong Kong Auditor Suspended, Fined for Breaching Independence Rules

    By Sanday Chongo Kabange | 27/05/2025

    The auditor, who previously held senior positions at the SFC and HKMA, is suspended for 18 months and required to pay HKD 500,000 in penalties.

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    Crypto / Digital Assets

    HSBC Launches Novel Tokenised Deposit Service

    By Sanday Chongo Kabange | 27/05/2025

    HSBC’s blockchain-based liquidity solution for Hong Kong institutional clients marks the first live pilot initiative supported by HKMA’s supervisory incubator for DLT.

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    AML / KYC

    HKMA Issues Two Consultations on Rules for Stablecoin Issuers

    By Sanday Chongo Kabange | 27/05/2025

    The first consultation proposes regulatory standards for stablecoin issuers seeking authorisation. The second proposes AML/CFT requirements.

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    Market Infrastructure

    HKTR to Open New ISO 20022 System One Week Early

    By Manesh Samtani | 27/05/2025

    The HKTR system for ISO 20022 standard implementation will be opened one week early to facilitate industry preparation for the new OTC derivatives reporting regime.

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    Market Infrastructure

    Hong Kong Opens Applications Under New Re-domiciliation Regime

    By Sanday Chongo Kabange | 26/05/2025

    AXA has become the first company to announced plans to use the new regime to re-domicile from Bermuda to Hong Kong.

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    Fintech / Regtech

    HKMA Links Commercial Data Interchange to Land Registry

    By Sanday Chongo Kabange | 22/05/2025

    The linkage allows banks to search land and ownership information for property valuation, mortgage and loan assessments.

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    Crypto / Digital Assets

    Hong Kong Legislative Council Passes Stablecoin Ordinance

    By Sanday Chongo Kabange | 21/05/2025

    The ordinance, set to take effect later this year, will require issuers of fiat-referenced stablecoins to be licensed by HKMA to be offered in Hong Kong.

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    Fintech / Regtech

    HKMA Partners with Transport Bureau to Boost Trade Finance

    By Sanday Chongo Kabange | 20/05/2025

    Banks will gain access to real-time cargo status data, enabling them to assess clients’ operational performance more effectively.

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    Market Infrastructure

    Regulators Announce More Swap Connect Enhancements

    By Sanday Chongo Kabange | 16/05/2025

    The tenor of IRS contracts will be extended to 30 years and the product scope of Swap Connect will be expanded.

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