HONG KONG MONETARY AUTHORITY

Fintech / Regtech

HKMA to Launch Bank Account Data Sharing Pilot by Year-End

By Editors | 01/11/2023

The first phase of the IADS initiative will be for corporate customers. The HKMA hopes to progressively extend it to retail bank accounts from June 2024 onwards.

Crypto / Digital Assets

BIS Innovation Hub Releases Update Report for Project mBridge

By Manesh Samtani | 01/11/2023

The update reveals a list of 25 observing members, and that the mBridge platform offers APIs based on ISO 20022 and uses LEIs for participant identification.

ESG / Sustainability

HK SFC, ICMA Collaborate on Voluntary ESG Code of Conduct

By Sanday Chongo Kabange | 01/11/2023

The code of conduct will improve the reliability of ESG information used by licensed corporations in their investment decisions.

Market Infrastructure

Hong Kong Gazettes IBOR-related Amendments to Clearing Rules

By Editors | 31/10/2023

Subject to negative vetting by LegCo, the rule changes will commence on 1 July 2024.

Crypto / Digital Assets

HKMA Unveils Findings from 1st Phase of e-HKD Pilot

By Manesh Samtani | 30/10/2023

Another pilot will take place next year, potentially exploring corporate payments, cross-border payments, and blockchain interoperability.

Crypto / Digital Assets

CBDCs Gain Clout as Medium of Exchange as More Banks Give Buy-in 

By Georgina Lee | 27/10/2023

Ripple’s Ross Edwards and Fubon’s Rockson Hsu talk about the benefits of CBDCs as they explore use cases for HKMA’s e-HKD.

Crypto / Digital Assets

Hong Kong Sets Template for Rules on Ring-fencing Crypto Risks

By Georgina Lee | 26/10/2023

Panellists at the Ripple x Metaco Hong Kong Policy Summit discussed the evolution of Hong Kong’s regulatory framework for crypto assets.

ESG / Sustainability

Hong Kong’s Chief Unveils Series of Measures to Boost City

By Manesh Samtani | 26/10/2023

Stamp duties on property purchases and securities transactions were reduced. A new fund distribution platform will be developed.

Crypto / Digital Assets

Regulatory Responses to This Year’s Bank Failures

By Sebastian Sohn | 26/10/2023

Sebastian Sohn discusses the lessons learned from bank failures this year and the supervisory and regulatory changes we can expect as a result.