Hong Kong Monetary Authority

Cryptocurrency

Hong Kong: More Clarity Needed on Proposed OTC Crypto Regime

By Nithya Subramanian | 07/03/2024

Clarity is needed on the scope of activities captured by the regime, how stablecoins will fit into the regime, and how professional investors will be treated.

Trading & Investment

ASIFMA Calls for More Enhancements to Wealth Connect Scheme

By Sanday Chongo Kabange | 05/03/2024

ASIFMA calls for a further increase in the individual investment quota and a more extensive expansion to the list of eligible products.

Capital Adequacy

HKMA Issues Revised SPM Module on CCyB Settings

By Editors | 05/03/2024

The revised SPM module introduces a Positive Neutral CCyB of 1% for Hong Kong to ensure an additional buffer is available in the event of a shock.

Credit Risk

HK Budget Promises Financial Sector Development, Boost for Property Market

By Manesh Samtani | 28/02/2024

Restrictions on property transactions removed. Property lending requirements eased. HK$100mn pledged to promote financial services.

Climate Risk

HKMA to Roll Out Physical Risk Assessment Platform “Soon”

By Manesh Samtani | 28/02/2024

The cloud-based platform will enable banks to assess physical risk for specific property exposures over different time horizons and climate scenarios.

Sustainable Finance

Hong Kong to Develop Transition Finance Framework: HKMA

By Sanday Chongo Kabange | 27/02/2024

HKMA’s Darryl Chan said the  Green and Sustainable Finance Cross-Agency Steering Group will start work on a transition taxonomy this year.

Trading & Investment

Wealth Connect Enhancements to Drive Investment: HSBC

By Nithya Subramanian | 27/02/2024

Around a quarter of WMC investors intend to invest CNY 1 million or more via the Scheme in the next 12 months.

Trading & Investment

HKMA Issues Updated Guidance on Suitability Assessments

By Manesh Samtani | 26/02/2024

The guidance focuses on the portfolio-based approach to suitability assessment, which HKMA says improves efficiency in the selling process.

Fraud, Scams & Cybercrime

HK Banks to Introduce Anti Malware Security Measures This Month

By Sanday Chongo Kabange | 25/02/2024

The new security measures on banking apps will trigger immediate actions when malware or suspicious apps are detected on customers’ devices.