HONG KONG MONETARY AUTHORITY

Capital / Liquidity

HKMA Extends Principal Payment Holiday Scheme Again

By Manesh Samtani | 05/03/2021

Principal payments of all loans of eligible corporate borrowers falling due between 1 May and 31 October 2021 should be deferred by a further six months.

Market Infrastructure

New Initiatives Announced to Promote Hong Kong Capital Market

By Manesh Samtani | 25/02/2021

Paul Chan spoke of measures to boost green bond issuance, launch southbound Bond Connect, expand Stock Connect, and subsidise REITs, fund managers and family offices coming to Hong Kong.

Hong Kong to Enhance Special 100% Loan Guarantee Scheme

By Editors | 25/02/2021

The maximum loan amount per enterprise, total loan ceiling, maximum repayment period, and duration of moratorium will be extended.

Fintech / Regtech

China, UAE Join HKMA-BOT Initiative to Create CBDC Bridge

By Manesh Samtani | 23/02/2021

The project, now called ‘m-CBDC Bridge’, will seek the development of a prototype to facilitate real-time cross-border transactions using multiple CBDCs.

Market Infrastructure

HKMA Raises Expectations for Bank Codes of Conduct

By Manesh Samtani | 14/02/2021

Codes of Conduct should include provisions to address conflicts of interest, promote a culture of accountability and encourage staff to report unethical practices.

Fintech / Regtech

HSBC, HKTVmall Join Forces to Enhance Access to Trade Finance

By Manesh Samtani | 11/02/2021

HSBC will leverage commercial data from HKTVmall to analyse and forecast business performance during credit assessment, making loan approval faster and simpler.

AML / KYC

HK Banks Told to Stop Accepting BNO Passports as Valid ID

By Editors | 09/02/2021

The HKAB updated its guidance for banks after the government said it would no longer recognise BN(O) passports as valid travel documents or forms of identity.

HKMA Extends Initiative to Nurture Talent for Banking Industry

By Editors | 08/02/2021

The HKMA will continue to reimburse participating institutions up to 50% of the monthly salary of programme participants and subsidise professional training course fees.

AML / KYC

Greater Bay Regulators Sign MoU on Wealth Management Connect

By Manesh Samtani | 07/02/2021

The regulators agree to issue guidance to banks on product due diligence, investor protection, AML/CFT requirements and personal data protection, among other areas.