HONG KONG MONETARY AUTHORITY

Fintech / Regtech

HKMA Preparing to Further Enhance Wealth Connect Scheme

By Manesh Samtani | 28/03/2025

The enhancement would aim to refine quota eligibility, further expand the suite of eligible products, improve the selling process, and investors more Mainlanders to participate.

Fintech / Regtech

Navigating the Regulation of Generative AI in Financial Services

By Mary Leung | 27/03/2025

Mary Leung discusses how AI is being regulated in the financial services industry and the approaches different jurisdictions are pursuing.

Fintech / Regtech

HKMA Applying GenAI to Monitor for Banking System Risks

By Manesh Samtani | 27/03/2025

HKMA is using an in-house GenAI tool to analyse banks’ earnings call transcripts to identify major risks ahead of actual stress events.

Market Infrastructure

HKMA Relaxes Wealth Connect Limit for Overseas Incorporated Banks

By Sanday Chongo Kabange | 25/03/2025

HKMA has raised the customer limit for non-locally incorporated AIs providing southbound WMC services to non-private banking Mainland customers.

AML / KYC

HK Considers Allowing Banks to Freeze Scam-Linked Accounts

By Sanday Chongo Kabange | 24/03/2025

HKPF and HKMA are in talks with banks on a mechanism to freeze accounts linked to fraudulent activities.

Big Picture

Hong Kong Trust Industry Facing Regulatory Challenges

By Mark Johnston | 23/03/2025

HKTA and KPMG published a report shedding light on the state of  Hong Kong’s trust industry, including mounting compliance costs and regulatory challenges.

Fintech / Regtech

HKMA Publishes Research on DLT Adoption in Financial Sector

By Sanday Chongo Kabange | 20/03/2025

The HKMA encourages AIs to review the research paper and leverage its insights to explore DLT-related innovations.

Crypto / Digital Assets

What’s Next for OSL? Gary Tiu Discusses Project Ensemble and the Future of Finance

By Nithya Subramanian | 19/03/2025

Gary Tiu, Head of Regulatory Affairs at OSL, discusses the firm’s role in Project Ensemble, its challenges, and the future of tokenised real-world assets.

HKMA Updates Guidance on Selling Structured Products

By Sanday Chongo Kabange | 18/03/2025

The HKMA has updated its guidance on selling of accumulators to help AIs comply with evolving product structures and features.