HONG KONG MONETARY AUTHORITY

Market Infrastructure

Cross-boundary Wealth Management Connect Launched

By Manesh Samtani | 10/09/2021

The PBOC, HKMA and AMCM have published the implementation details to support the launch of the Cross-boundary Wealth Management Connect Pilot Scheme.

Market Infrastructure

GBA Wealth Management Connect Set for Launch

By Editors | 10/09/2021

The southbound leg of Bond Connect will also be launching shortly. A press release will be held this afternoon to announce implementation details.

Market Infrastructure

HKMA Urges Continued Momentum in Bank Culture Efforts

By Manesh Samtani | 09/09/2021

Culture is the “invisible glue” that holds a bank together and assumes an even more critical role during the pandemic, says the HKMA’s Arthur Yuen.

ESG / Sustainability

Hong Kong Explores Role in Unified GBA Carbon Market

By Sanday Chongo Kabange | 08/09/2021

Hong Kong is exploring opportunities to establish a unified carbon market in the Greater Bay Area, leveraging the Guangdong ETS and Shenzhen ETS.

Securities / Derivatives

HKMA, SFC to Develop Concentration Risk Alerting System – Report

By Editors | 01/09/2021

The new system is intended to detect excessive risk-taking by banks and investment funds to guard against an Archegos style collapse.

Market Infrastructure

BIS, HKMA to Build Digital Infrastructure for Green Investment

By Manesh Samtani | 25/08/2021

BIS Innovation Hub, HKMA and private sector firms will tokenise green bonds to facilitate investment in and improve the transparency of green projects.

Market Infrastructure

HKMA Sets Conditions for Issuing New USD LIBOR Contracts

By Manesh Samtani | 20/08/2021

In the fourth quarter, the frequency at which banks have to report data to the HKMA will also increase from quarterly to monthly, with a simplified reporting template.

Market Infrastructure

Banks Already Pricing Transition Risks in Loans: HKMA

By Manesh Samtani | 15/08/2021

New research finds that APAC banks are charging ‘brown’ firms a higher lending rate than ‘non-brown’ firms, by around 23 basis points, since the Paris Agreement.

AML / KYC

HKMA Issues “Mandate” for Innovation in AML/CFT

By Manesh Samtani | 12/08/2021

The HKMA will launch interactive lab sessions to experiment with new technologies and emerging data analytics techniques, with an initial focus on network analytics and NLP.