Hong Kong Monetary Authority

Payments & Settlements

HKMA, BOT to Enhance Cross-border Collaboration

By Sanday Chongo Kabange | 31/01/2024

HKMA and BOT will explore the use of local currencies in cross-border trade and collaboration in financial digitalisation, fintech, and sustainable finance.

Cryptocurrency

Harvest Becomes First Hong Kong Applicant for Spot Bitcoin ETF

By Manesh Samtani | 30/01/2024

Harvest Global Investments has applied to list a spot Bitcoin ETF in Hong Kong, and also plans to participate in HKMA’s stablecoin sandbox.

Reporting & Disclosures

Hong Kong to Launch New Subsidy Scheme for Green Fintech

By Manesh Samtani | 26/01/2024

The scheme will provide early-stage funding for pre-commercialised green fintech companies, said Hong Kong official Salina Yan.

Tokenisation

Tokenised Securities Market Gears Up for Regulatory Evolution

By Ranamita Chakraborty | 26/01/2024

As the tokenised securities market evolves, industry experts are looking forward to refinements in regulatory frameworks to support its growth.

Trading & Investment

HKMA, PBOC Unveil Policy Measures to Deepen Financial Cooperation

By Sanday Chongo Kabange | 25/01/2024

Securities firms are allowed to sell financial products directly via Wealth Connect and the individual investor quota has been tripled.

Tokenisation

BIS Focuses on Tokenisation, CBDCs, Green Finance Projects This Year

By Ranamita Chakraborty | 24/01/2024

BIS is ensuring “technology serves economically meaningful activities” as it advances its CBDC project and initiates a blockchain-based tokenisation project.

Fraud, Scams & Cybercrime

HKMA Proposes to Extend FINEST to Personal Account Data

By Sanday Chongo Kabange | 24/01/2024

The HKMA is seeking to extend FINEST, a bank-to-bank information sharing platform launched in June, to allow sharing of personal account information.

Stablecoins

HK’s Stablecoins Regime to Streamline Cross-border Transactions

By Nithya Subramanian | 24/01/2024

Consistent regulatory approach globally and technical standardisations across different blockchains will be key to widespread adoption of stablecoins.

Operational Risk

HKMA to Bolster Bank Supervision With Social Media Monitoring Tool

By Manesh Samtani | 23/01/2024

The planned solution will be able to extract data from social media and websites and use NLP to analyse market sentiment and risks associated with banks.