HONG KONG MONETARY AUTHORITY

Market Infrastructure

HK Budget Includes More Borrower Relief, Capital Market Reforms

By Manesh Samtani | 23/02/2022

Finance Secretary Paul Chan announced measures to further reform Hong Kong’s listing rules, promote the bond market, and introduce yuan share trading in the city.

Securities / Derivatives

SFC Confirms Plans to Regulate Fund Trustees, Custodians

By Manesh Samtani | 23/02/2022

A new regulated activity (RA 13) will be introduced which will subject trustees and custodians of public funds to licensing requirements and ongoing regulatory supervision.

Fintech / Regtech

HKMA, PBOC Invite Firms to Test Fintech Initiatives Across GBA

By Editors | 21/02/2022

The objective of the link is to provide a “one-stop platform” to allow FIs and technology firms to pilot test their cross-boundary fintech initiatives, concurrently in Hong Kong and GBA cities.

ESG / Sustainability

Interconnected Data: A Strategic Approach to Regulatory Compliance

By Bradley Foster | 14/02/2022

Bradley Foster and Murat Bozdemir discuss the need to have a strategic data framework in place to ensure regulatory compliance and set out operational best practices for the road ahead.

HKMA Further Extends Initiative to Nurture Banking Sector Talent

By Editors | 09/02/2022

The Banking Talent Programme provides fresh grads with short-term work opportunities and professional training, partly subsidised by the HKMA.

Fintech / Regtech

China Showcases CBDC at Beijing Winter Olympics

By Sanday Chongo Kabange | 08/02/2022

Observers say China’s “zero Covid policy” has limited its ability to showcase the e-CNY to a wider population.

AML / KYC

Crypto Prepares for a Regulated Future

By David Liu | 07/02/2022

As crypto goes mainstream, regulatory compliance will require robust and financial institution-grade AML and KYC processes, says David Liu.

AML / KYC

Preparatory Work to Implement Basel III is Progressing: HKMA

By Editors | 01/02/2022

The HKMA will submit legislative amendments in early 2023 to implement the Basel III final reforms, which will take effect from 1 July 2023.

AML / KYC

HKMA, SFC Allow Intermediaries to Offer Crypto Services

By Manesh Samtani | 31/01/2022

Authorised institutions and licensed corporations wishing to offer virtual asset dealing services can do so only by partnering with SFC-licensed trading platforms.