HONG KONG MONETARY AUTHORITY

Market Infrastructure

Regulators Announce Planned Enhancements for Wealth Connect

By Editors | 29/09/2023

The eligibility, product range, investment and sales limits will be enhanced, and securities firms will be allowed to participate.

Fintech / Regtech

HKMA Pushes for Greater Use of FPS for Business Payments

By Editors | 27/09/2023

For October, banks and SFV operators won’t have to pay settlement fees when using the FPS for payments from corporates and merchants.

Crypto / Digital Assets

PBOC Adds CBDC Feature to Boost Adoption Among Foreigners

By Sanday Chongo Kabange | 27/09/2023

The e-CNY app now allows foreigners to top up their digital wallets using global payment networks Visa and Mastercard.

AML / KYC

HKMA Publishes Cases Studies on Regtech Adoption for AML/CFT

By Editors | 26/09/2023

The report features examples of Regtech implementation for fraud monitoring, TM alerts handling, media monitoring, and customer risk monitoring.

Market Infrastructure

HKMA Designates New Market Makers for Southbound Bond Connect

By Sanday Chongo Kabange | 25/09/2023

The new designations bring the total number of designated market makers for Southbound Bond Connect trading from 13 to 22.

Crypto / Digital Assets

HKMA Says More Central Banks Will Join mBridge Platform

By Editors | 23/09/2023

HKMA CEO Eddie Yue said an MVP will soon be launched to pave the way for the “gradual commercialisation of mBridge”.

ESG / Sustainability

HKMA Announces Launch of Green Fintech Competition

By Editors | 21/09/2023

Interested firms will need to submit a market-ready solution for at least one of four themes by 20 October 2023.

Crypto / Digital Assets

HKMA, SFC Warn of Illegal Offerings by Crypto Firms

By Sanday Chongo Kabange | 18/09/2023

The HKMA warned about crypto firms labelling themselves as banks. The SFC warned about a crypto firm called JPEX which falsely claims to be licensed.

Crypto / Digital Assets

HKMA, Central Banks to Beta Test CBDC Interoperability Solution

By Editors | 14/09/2023

New use cases for the solution, developed by Swift, are also being tested in a new sandbox environment by the RBA, BOT, CLS and other institutions.