Hong Kong Monetary Authority

CBDCs

HKMA to Start Retail CBDC Trials in Q4 This Year

By Manesh Samtani | 21/09/2022

The trials will involve banks, payment companies and other technology firms to study the use of the e-HKD in a limited setting.

Liquidity Risk

HKMA Extends Corporate Loan Support Scheme

By Editors | 19/09/2022

The Pre-approved Principal Payment Holiday Scheme has been in effect since May 2020. The HKMA says some corporates are still facing cash-flow pressures.

DeFi & Web3

BIS, HKMA to Explore Use of DeFi Tools for SME Finance

By Editors | 18/09/2022

Project Dynamo will study whether and how DeFi tools such as blockchain and smart contracts can improve access to finance for SMEs.

Payments & Settlements

HKMA, BOT Exploring Cross-border Payments Arrangement

By Editors | 12/09/2022

Visitors would be able to use their home faster payment system to pay for shopping and food in each other’s markets via their mobile phones.

Conduct, Culture & Accountability

HKMA Launches Online Resource for Aspiring Bankers

By Editors | 08/09/2022

The new platform, Banking GPS, provides information on major bank functions and job openings, tips on job-hunting, and experience sharing from practitioners.

Sustainable Finance

Hong Kong Plans Measures to Lure ESG, Fintech Talent

By Editors | 06/09/2022

The government will also dedicate resources towards providing training aimed at developing local ESG talent. Applications for a fintech subsidy scheme will open on 10 September.

Trading & Investment

CSRC Unveils Plans to Further Expand Stock Connect

By Manesh Samtani | 05/09/2022

More companies will be added to Stock Connect and Hong Kong will introduce treasury bond futures and a special counter for yuan stocks.

Structural Regulation

Hong Kong Targets Removal of Hotel Quarantine Requirement

By Editors | 05/09/2022

Chief Executive John Lee is leaning towards scrapping hotel quarantine before a November summit of global bankers and the Hong Kong Rugby Sevens tournament.

Payments & Settlements

HKMA Introduces New Rules for Banks Offering BNPL Products

By Manesh Samtani | 05/09/2022

Banks that engage or partner with third-party service providers when launching BNPL products will be held accountable for the actions of those providers.