HONG KONG MONETARY AUTHORITY

Enforcement

HKMA Adjusts Scope of Mandatory Reference Checking Regime

By Manesh Samtani | 05/05/2021

The HKMA has adjusted the scope of the regime, shortened the record retention requirement, and lengthened the time allowed to respond to an MRC request.

ESG / Sustainability

HKMA Issues Guideline on Green & Sustainable Finance Grant Scheme

By Editors | 05/05/2021

The grant amount for each bond issue will be half of the eligible expenses, capped at HK$2.5mn for rated bonds and HK$1.25mn  for unrated bonds.

ESG / Sustainability

HK Green Banks Alliance Hosts First Roundtable

By Sanday Chongo Kabange | 29/04/2021

HKMA Chief Eddie Yue urged banks to transform into ‘green banks’. HSBC and BOCHK announced plans to expand their green finance business.

Capital / Liquidity

Hong Kong Launches 100% Personal Loan Guarantee Scheme

By Editors | 27/04/2021

The scheme provides a supplementary financing option for individuals suffering income loss resulting from the Covid-19 pandemic.

Market Infrastructure

HK, China to Launch Southbound Bond Connect in July – Report

By Sanday Chongo Kabange | 27/04/2021

The relevant regulations will reportedly be issued in May, with a view to launching the southbound bond trading link on 2 July.

AML / KYC

HKMA Offers Guidance on Combatting Covid-19 Related Fraud, AML

By Manesh Samtani | 26/04/2021

The guidance emphasises the use of data from internal and external sources, proactive data analysis and information sharing to tackle emerging AML risks.

Market Infrastructure

HKMA Directs Banks to Prepare for OpRisk Rule Updates

By Manesh Samtani | 22/04/2021

The HKMA plans to revise its SPM module on Operational Risk Management to incorporate elements of the revised PSMOR issued by the BCBS.

Capital / Liquidity

HKMA Issues Guidance on Govt Guaranteed Personal Loans

By Manesh Samtani | 20/04/2021

Lenders should not take any actions which tighten credit to borrowers on knowledge of their application for PLGS loans.

National Security, Financial Stability are Mutually Dependent: HKMA

By Editors | 18/04/2021

Chief executive Eddie Yue said the HKMA is pursuing initiatives to enhance its use of technology to analyse financial data as part of its efforts in market supervision.