Hong Kong Monetary Authority

CBDCs

Stanchart, PwC Examine CBDC Opportunities in GBA

By Sanday Chongo Kabange | 06/06/2023

The paper says the GBA is an ideal launch pad for CBDC pilots given its use of three different currencies and monetary authorities.

AI Risk & Governance

InvestHK Launches 2023 Fintech Fast Track Programme

By Sanday Chongo Kabange | 05/06/2023

13 finalists from fintech, AI and Web3 scaleups will be selected to pitch in person at Hong Kong FinTech Week 2023.

Sustainable Finance

Hong Kong Raises Record $6b in Latest Green Bond Offering

By Editors | 04/06/2023

The green bonds were five times oversubscribed and will be listed on both the Hong Kong and London stock exchanges on 7 June.

Structural Regulation

HKMA Issues Public List of Bank-Owned Trust Businesses

By Sanday Chongo Kabange | 02/06/2023

All entities on the list have provided the HKMA an annual declaration on their compliance with a new code of conduct for bank-related trust businesses.

Credit Risk

HKMA Consults on Output Floor, Credit Risk Framework

By Editors | 31/05/2023

The consultation focuses on the implementation of the revised credit risk framework and the output floor.

Anti-Money Laundering

HKMA: Revised AML Guideline Raises Focus on Effectiveness

By Ranamita Chakraborty | 31/05/2023

HKMA’s Carmen Chu says an external consultant has been engaged to help prepare a new guidance paper on AML/CFT controls for PEPs.

Reporting & Disclosures

HKMA Consults on Prototype Green Classification Framework

By Manesh Samtani | 30/05/2023

The HKMA commissioned Climate Bonds Initiative to develop the prototype, which focuses on activities in the energy, transport, buildings, waste and water sectors.

Payments & Settlements

HKMA to Ramp Up Cross-border Collaboration with UAE

By Editors | 30/05/2023

The HKMA will form a joint working group with CBUAE and banking sector stakeholders to take forward the agreed initiatives.

CBDCs

HKMA Launches e-HKD Pilot Programme With 16 Firms

By Editors | 19/05/2023

HSBC, StanChart, BOCHK, CCB, ICBC, Hang Seng Bank, Alipay, Ripple, Visa, Mastercard and ZA Bank are among those involved in HKMA’s pilot.