Hong Kong Monetary Authority

Operational Risk

HKMA Offers Guidance on Implementing Operational Resilience Requirements

By Sanday Chongo Kabange | 21/01/2025

The guidance focuses on mapping interdependencies and scenario testing, to help banks meet a May 2026 deadline for becoming operationally resilient

Structural Regulation

CICC Granted Approval to Operate in Dubai Financial Centre

By Mark Johnston | 20/01/2025

DFSA CEO Ian Johnston described the approval as “a big step forward” for facilitating deals and arrangements between China and the UAE.

Payments & Settlements

PBOC Governor Talks Up Mainland and Hong Kong Markets

By Manesh Samtani | 17/01/2025

Pan Gongsheng said risks in China’s property market have receded and the Mainland will further boost connectivity with Hong Kong

Payments & Settlements

HKMA, PBOC Unveil Measures to Further Deepen Connectivity

By Sanday Chongo Kabange | 15/01/2025

The measures include a new trade finance liquidity facility for CNY funds and an expansion of the Southbound leg of Bond Connect, among others

Clearing & Post-Trade

HKEX Starts Accepting CGBs as Collateral for Swap Connect

By Mark Johnston | 15/01/2025

OTC Clear started accepting CGBs as margin collateral for Northbound Swap Connect. They will also be accepted for other derivative transactions by end Q1 2025.

Structural Regulation

Hong Kong Digital Banks Consider Opening Physical Branches

By Editors | 14/01/2025

HKMA said in October that it would allow digital banks to have limited physical branches to help them improve transaction processes and customer experience

Cloud & Infrastructure

HK Credit Data Platform Lowers Access Barrier for Small FIs

By Sanday Chongo Kabange | 14/01/2025

Platform operator HKICL has developed a new interface that provides a lower-cost and more convenient way for lenders to connect to Credit Data Smart.

Emerging Prudential Risks

HKMA Consults on Treatment of Bank Exposures to Cryptoassets

By Sanday Chongo Kabange | 14/01/2025

HKMA intends to implement the BCBS standards on the prudential treatment of cryptoasset exposures and the disclosure requirements on 1 January 2026

Anti-Money Laundering

HKAB Updates AML/CFT FAQs to Align with Revised AMLO

By Sanday Chongo Kabange | 14/01/2025

The updated FAQs align with the AMLO amendments that came into force last year and provide additional guidance on dual-use goods.