Hong Kong's implementation of the Basel III final reform package is being deferred to allow the industry more time to prepare.
November 28, 2022The report shows that so-called greenwashing firms are to some extent being penalised by the market with higher re-issuance costs.
November 28, 2022The HKMA says retail banks increased their identification and reporting of suspicious accounts and networks by 127 percent compared to a year ago.
November 25, 2022Opening China's USD 5 trillion swap market to foreign investors will enable them to better manage interest rate risks arising from Chinese bond investments.
November 25, 2022ZA Bank will offer a “hassle-free service to users, without worrying about any foreign exchange markup, hidden charges and transfer progress."
November 24, 2022Banks can access commercial credit reference agencies via the CDI to automate credit approval processes, reduce manual handling, and enhance operational efficiency.
November 18, 2022The HKMA proposes to maintain a Positive Neutral CCyB of 1 percent even when its primary indicators maybe signal a lower applicable CCyB.
November 15, 2022The PAPT is being introduced to address risks that could arise for residential mortgage customers if a law firm handling a transaction is suspended.
November 8, 2022Macau already has a local RTGS system for local payments denominated in HKD. The new system enables real-time settlement of HKD payments between Macau and Hong Kong banks.
November 3, 2022A new LegCo bill will require MNE entities in Hong Kong to pay profits tax on foreign equity disposals and dividend income, unless they are specifically exempted.
November 2, 2022