HONG KONG MONETARY AUTHORITY

Crypto / Digital Assets

SFC, HKMA Issue New Joint Circular on Virtual Assets

By Manesh Samtani | 22/10/2023

The circular supersedes a similar circular from January 2022, setting out additional requirements for intermediaries providing virtual asset services to retail investors.

Market Infrastructure

NDRC, HKMA to Promote Mainland Bond Issuance in Hong Kong

By Manesh Samtani | 19/10/2023

The MoU was signed at the Belt and Road Forum, where 100-plus other agreements were also signed and Xi Jinping unveiled further plans to support the initiative.

HKMA Takes Issue With Rate Setting Practices in Premium Financing

By Sanday Chongo Kabange | 17/10/2023

Some AIs changed the interest rates they charged for premium financing facilities without ensuring customers knew such changes were possible.

ESG / Sustainability

Lessons on Green Banking from Crédit Agricole CIB

By Editors | 16/10/2023

New paper shares practices adopted by Crédit Agricole CIB to set up its green development strategy and integrating climate and sustainability into core banking.

AML / KYC

HKMA Announces Enhancements to Anti-Fraud Initiatives

By Manesh Samtani | 15/10/2023

FMLIT expanded to include more AIs; FINEST to cover more banks; FPS to gain pre-transaction alert mechanism.

Capital / Liquidity

HK Wealth Firms See Regulatory Environment Improving

By Manesh Samtani | 09/10/2023

More than 80% of PWMA member firms surveyed expect the new framework for sophisticated professional investors to bring a positive impact.

Crypto / Digital Assets

China Establishes CBDC Connectivity with Hong Kong FPS

By Editors | 07/10/2023

Members of the Hong Kong delegation at the Asian Games in Hangzhou are able to download the e-CNY mobile app and recharge their accounts via FPS.

ESG / Sustainability

HKGFA Offers Suggestions on Next Phase of Taxonomy Development

By Manesh Samtani | 05/10/2023

New report launched at HKGFA’s 6th Annual Forum proposes 21 additional green activities for the next phase of taxonomy development in Hong Kong.

ESG / Sustainability

Implementation of Green Taxonomy an “Evolving” Process: HKMA

By Nithya Subramanian | 04/10/2023

The SFC is also advocating for Hong Kong to be broadly aligned with ISSB standards, starting with sustainable reporting by listed companies.