Hong Kong Monetary Authority

Sustainable Finance

Shenzhen, Hainan to Issue New RMB Bonds in Hong Kong

By Editors | 26/10/2022

Hong Kong Financial Secretary Paul Chan said the issuances will increase the breadth and depth of the city’s RMB debt market.

Sustainable Finance

BIS Innovation Hub, HKMA Tackle Green Bond Transparency

By Editors | 25/10/2022

Project Genesis 2.0 prototypes provided investors real-time transparency on the environmental impact of the use of proceeds from green bonds.

Data Privacy

HKMA Officially Launches Commercial Data Interchange

By Sanday Chongo Kabange | 24/10/2022

The new platform will enable SMEs to get cheaper bank loans, and enable banks to access the information they need to assess creditworthiness.

CBDCs

BIS Innovation Hub, HKMA Publish Project Aurum Findings

By Editors | 24/10/2022

A two-tier prototype system was developed to test intermediated CBDC as well as stablecoins backed by CBDC in the interbank system.

Credit Risk

HKMA Issues New Guidance on Investment Product Sales

By Editors | 24/10/2022

The new guidance covers investment product suitability, concentration risk assessments, and the sale of loss-absorption products.

Credit Risk

HKMA Further Extends Loan Payment Holiday Scheme

By Editors | 20/10/2022

Businesses still face significant operational challenges due to a complex and uncertain external environment and economic outlook, the HKMA said.

Trading & Investment

Hong Kong Leader Announces Measures to Revitalise City

By Manesh Samtani | 20/10/2022

Lee’s administration will work to speed up the implementation of mutual market access arrangements with the mainland, among other measures.

Conduct, Culture & Accountability

HK Consumer Council Warns of Inadequate BNPL Protections

By Editors | 18/10/2022

The Consumer Council is calling on non-bank BNPL service providers to apply for a Money Lenders Licence and to implement consumer protection measures “as soon as possible”.

PEPs & Sanctions

HSBC Suspends Investment Services for Russian Clients in Hong Kong

By Editors | 18/10/2022

HSBC has reportedly sent a letter to most of its Russian retail clients in Hong Kong saying it is unable to provide them investment services because of sanctions imposed by the EU.