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Capital / Liquidity
HKMA Updates Rules for Banks’ Equity Investments in Funds
By Editors | 22/11/2020
The HKMA consulted on local implementation of the standard in January 2019. The new consultation contains amendments reflecting industry feedback.
Market Infrastructure
HKMA Expands List of Eligible Collateral for RMB Facility
By Editors | 21/11/2020
Eligible collateral will include RMB, USD and EUR debt securities issued offshore by China’s central bank, Ministry of Finance or policy banks.
Capital / Liquidity
HKMA Consults on Local Implementation of Final Basel III Reforms
By Editors | 19/11/2020
The consultation is open until 6 January 2021, ahead of industry engagement in 2021, legislative amendments in 2022, and a 1 January 2023 target implementation date.
Market Infrastructure
HKMA Finalises New Reporting Form for Consolidated Accounts
By Editors | 17/11/2020
The new Return of Consolidated Accounts will help the HKMA monitor banking sector developments and strengthen the consolidated supervision of locally incorporated banks.
Market Infrastructure
IFC, HKMA Launch New Alliance to Address Climate Change
By Editors | 09/11/2020
IFC and the HKMA will bring together FIs, associations, research institutions, and technology providers to build capacity for green finance and promote climate investments.
Market Infrastructure
HKMA Invites Tenders to Implement LIBOR Transition for Exchange Fund
By Editors | 09/11/2020
Interested parties should arrange project staff members who are familiar with or experienced in the Calypso system and LIBOR transition.
Fintech / Regtech
HKMA Seeks ‘Multi-CBDC Platform’ to Enhance Cross-border Payments
By Manesh Samtani | 04/11/2020
Project Inthanon-LionRock with the BOT is entering its second phase, which will have participation from HKEX, 19 banks, and five corporates.
HKMC Extends Fixed-Rate Mortgage Pilot Scheme for One Year
By Sanday Chongo Kabange | 04/11/2020
The scheme provides an alternative financing option for homebuyers to mitigate risks arising from interest rate volatility.
Market Infrastructure
HKMA Launches Upgraded Cybersecurity Fortification Initiative
By Editors | 03/11/2020
CFI 2.0 streamlines the cyber resilience assessment process, incorporates international practices on incident response and recovery, and facilitates the development of the local talent pool.
Fintech / Regtech
Hong Kong, China Successfully Connect Trade Finance Platforms
By Manesh Samtani | 03/11/2020
Seven banks have already used the connection to conduct cross-border trade financing transactions, with the total trade value exceeding HK$26mn.
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