HONG KONG MONETARY AUTHORITY

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    Fintech / Regtech

    BIS Develops Smart Contract Prototype for SME Finance

    By Editors | 09/06/2023

    The prototype was developed as part of Project Dynamo, a collaboration between BIS Innovation Hub and HKMA to explore the use of digital tokens in supply chain finance for SMEs.

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    AML / KYC

    HKMA, Cyberport Concludes Fourth AML Regtech Lab

    By Karen Ng | 08/06/2023

    The HKMA said it aims to have all retail banks taking a “consistent, coordinated approach to real-time fraud monitoring” by September 2023.

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    Crypto / Digital Assets

    Hong Kong: Going Digital Caused Scams to Rise 45.1% in 2022

    By Karen Ng | 07/06/2023

    Data compiled by law firm Freshfield Bruckhaus Deringer shows that Hong Kong deception cases grew 45.1 percent in 2022.

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    Consumers Still First Line of Defence Against Fraud

    By Karen Ng | 07/06/2023

    Fraudulent websites are causing chaos. Banks and regulators have taken on a parenting role to stop consumers from falling prey to scammers.

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    Market Infrastructure

    HKEX Permits 21 Firms to List RMB Share Counters

    By Sanday Chongo Kabange | 07/06/2023

    Nine market markers are permitted to conduct market making or liquidity providing activities in dual counter securities starting 19 June.

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    Fintech / Regtech

    Stanchart, PwC Examine CBDC Opportunities in GBA

    By Sanday Chongo Kabange | 06/06/2023

    The paper says the GBA is an ideal launch pad for CBDC pilots given its use of three different currencies and monetary authorities.

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    Fintech / Regtech

    InvestHK Launches 2023 Fintech Fast Track Programme

    By Sanday Chongo Kabange | 05/06/2023

    13 finalists from fintech, AI and Web3 scaleups will be selected to pitch in person at Hong Kong FinTech Week 2023.

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    ESG / Sustainability

    Hong Kong Raises Record $6b in Latest Green Bond Offering

    By Editors | 04/06/2023

    The green bonds were five times oversubscribed and will be listed on both the Hong Kong and London stock exchanges on 7 June.

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    HKMA Issues Public List of Bank-Owned Trust Businesses

    By Sanday Chongo Kabange | 02/06/2023

    All entities on the list have provided the HKMA an annual declaration on their compliance with a new code of conduct for bank-related trust businesses.

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    Capital / Liquidity

    HKMA Consults on Output Floor, Credit Risk Framework

    By Editors | 31/05/2023

    The consultation focuses on the implementation of the revised credit risk framework and the output floor.

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