HONG KONG MONETARY AUTHORITY

Capital / Liquidity

SME Finance Guarantee Scheme Was a Success: HKMA Study

By Manesh Samtani | 15/03/2024

The study used granular corporate loan data and a deep neural network model to analyse the effectiveness of the SFGS in facilitating access to credit for SMEs.

Market Infrastructure

Hong Kong Considers Scaling Back Severe Weather Trading Plans

By Sanday Chongo Kabange | 15/03/2024

Hong Kong is reportedly considering whether to still keep local markets closed during the most severe weather events to help smaller firms continue operations.

Fintech / Regtech

HKMA Launches Second Phase of e-HKD Testing

By Sanday Chongo Kabange | 15/03/2024

Phase 2 will focus on programmability, tokenisation and atomic settlement, leveraging the ‘Project Ensemble’ sandbox.

AML / KYC

Use of AI for AML Could Lower Effectiveness: Report

By Bradley Maclean | 14/03/2024

A new report from NICE Actimize and Regulation Asia sheds light on APAC’s use of technology to fight financial crime.

AML / KYC

HKMA to Establish Regulatory Sandbox for Stablecoin Issuers

By Sanday Chongo Kabange | 13/03/2024

The HKMA will use the sandbox to communicate supervisory expectations and guidance on the issuance of fiat-referenced stablecoins in Hong Kong.

Crypto / Digital Assets

HKMA Commences wCBDC Project to Drive Tokenisation

By Editors | 07/03/2024

Project Ensemble could help to forge new financial market infrastructure that can bridge tokenised assets and money in transactions, the HKMA said.

Capital / Liquidity

HK Banks Stop Offering Mortgage Loans for Speculation

By Editors | 07/03/2024

Many banks have stopped providing mortgages for confirmor transactions, due to signs that speculative interest is reemerging in the property market.

Crypto / Digital Assets

BIS Innovation Hub to Explore ‘Privacy by Design’ for CBDC

By Manesh Samtani | 07/03/2024

The BIS Innovation Hub and HKMA have launched Aurum 2.0, a project focused on building privacy features into CBDC systems.

Crypto / Digital Assets

Hong Kong: More Clarity Needed on Proposed OTC Crypto Regime

By Nithya Subramanian | 07/03/2024

Clarity is needed on the scope of activities captured by the regime, how stablecoins will fit into the regime, and how professional investors will be treated.