Hong Kong Monetary Authority

CBDCs

HKMA Forms New Architecture Community for Project Ensemble

By Sanday Chongo Kabange | 08/05/2024

The Community will develop standards to support interoperability among wCBDC, tokenised money and tokenised assets.

Data Privacy

Hong Kong, Shenzhen Pilot Cross-Border Data Platform

By Sanday Chongo Kabange | 07/05/2024

Pilot trials will test the validation of credit referencing reports and account opening documents for corporate customers.

Reporting & Disclosures

HKMA Publishes Hong Kong Taxonomy for Sustainable Finance

By Manesh Samtani | 06/05/2024

The Taxonomy encompasses 12 economic activities under four sectors. The HKMA said the second phase of the Taxonomy’s development “will commence soon”.

Sustainable Finance

HKMA Issues Updated Guideline on Green Finance Grant Scheme

By Editors | 06/05/2024

The grant scheme is being extended another three years, and its scope is being expanded to cover transition finance instruments.

Emerging Prudential Risks

Risks in APAC Private Credit Sector are Limited: HKMA Research

By Manesh Samtani | 03/05/2024

However, further monitoring is warranted as private credit funds are increasingly open-ended, using leverage, and loosening their underwriting standards.

Resolution & Recovery

HKMA Outlines Key Priorities, Green Ambitions for 2024 and Beyond

By Sanday Chongo Kabange | 02/05/2024

The HKMA has outlined its priorities for 2024 and beyond in its latest annual report and its 2023 sustainability report.

Data Privacy

Hong Kong Working on Proposals to Amend Privacy Law

By Manesh Samtani | 30/04/2024

The amendments will include the introduction of a mandatory personal data breach notification mechanism.

Anti-Money Laundering

HKMA Seeking to Identify Next Areas of Focus in AML Regtech

By Manesh Samtani | 29/04/2024

HKMA is inviting professional firms to recommend AML Regtech use cases where adoption rates can be targeted for increase over the next two years.

Cloud & Infrastructure

Hong Kong Launches Cross-Industry Platform to Boost Fintech Adoption

By Sanday Chongo Kabange | 29/04/2024

‘FiNETech’ will enable financial institutions and tech firms to explore collaboration in the areas of wealthtech, insurtech, greentech, AI and DLT.