HONG KONG MONETARY AUTHORITY

    ESG / Sustainability

    IFC, HKMA Join Forces on New Climate Finance Initiative

    By Editors | 04/11/2021

    The programme will combine institutional investor contributions with IFC funds to scale up climate-responsible financing for private companies in emerging markets.

    Fintech / Regtech

    HKMA Unveils New Measures to Achieve Fintech Vision

    By Sanday Chongo Kabange | 04/11/2021

    Prototype platforms for green bond tokenisation developed. Commercial Data Interchange enters pilot launch. AML Regtech Lab set for Friday launch.

    Crypto / Digital Assets

    Hong Kong Virtual Assets Regime Under Review: SFC

    By Sanday Chongo Kabange | 03/11/2021

    The SFC is considering whether licensed firms should be allowed to provide crypto trading services to clients through omnibus account arrangements, and whether to allow crypto ETFs.

    Hong Kong Ends Quarantine Exemptions for Senior Finance Execs

    By Editors | 03/11/2021

    Listed company directors and senior financial industry executives will no longer be able to skip hotel quarantine procedures upon entry into Hong Kong.

    Fintech / Regtech

    HKIMR Offers Suggestions to Narrow AI/BD Talent Gap

    By Editors | 31/10/2021

    An estimated 2,000 professionals with both finance and AI/big data skills are needed to meet the talent gap in Hong Kong’s financial industry.

    Securities / Derivatives

    HKMA, SFC Direct Intermediaries to Improve Client Trade Practices

    By Editors | 30/10/2021

    Intermediaries have been required to undertake remedial action to address non-compliance with transaction-related disclosure requirements.

    Fintech / Regtech

    HKMA to Bolster Regtech Talent Through New Skills Framework

    By Manesh Samtani | 25/10/2021

    The HKMA will launch a new ECF on Fintech by year-end. It will incorporate a set of competency standards and training curriculum that apply to regtech practitioners.

    Securities / Derivatives

    HKMA Amends Requirements on Share Margin Financing

    By Sanday Chongo Kabange | 25/10/2021

    The HKMA says continued enforcement of the requirement to observe market norms in the setting of maximum LTV ratios is no longer appropriate.

    AML / KYC

    HKMA, SFC Issue FAQ on ‘Offence Related Property’ Under NSL

    By Editors | 25/10/2021

    FIs “must” disclose to the JFIU property held by persons charged for offences under the National Security Law regardless of the portion of shareholdings.

    Fintech / Regtech

    HKMA, PBOC Agree to Link Regulatory Sandbox Across Borders

    By Mark Johnston | 22/10/2021

    The arrangement will facilitate cross-border financial innovation in the Greater Bay Area and strengthen supervisory exchanges.

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