HONG KONG

Capital / Liquidity

HKMA Rejects Rumours About Possible Establishment of 'Bad Bank'

By Editors | 18/07/2025

The HKMA has dismissed reports that lenders were discussing the establishment of a new vehicle to handle rising non-performing loans.

Capital / Liquidity

Hong Kong DPB to Test Bank Failure Readiness in Q4 2025

By Sanday Chongo Kabange | 17/07/2025

The Deposit Protection Board says the exercise in Q4 2025 will simulate a real-life bank failure to test systems, personnel, and payout agents under the new HKD 800,000 protection limit.

Enforcement

Hong Kong SFC Bans Former Asset Manager for Nine Years

By Sanday Chongo Kabange | 17/07/2025

The former HF Asset Management officer failed to act in the "best interests" of a fund that ended up losing 86 percent of its value.

Market Infrastructure

HKEX Consults on T+1 Settlement Cycle for Cash Equities Market

By Sanday Chongo Kabange | 17/07/2025

HKEX has initiated a market-wide consultation on shortening its settlement cycle, highlighting significant operational challenges for global firms.

Fintech / Regtech

HKMA to Expand Use of Granular Risk Data from Banks

By Sanday Chongo Kabange | 17/07/2025

Carmen Chu announced the results of HKMA's "Fintech Maturity Stock-take" exercise and plans to consult the industry on the development of a new data strategy.

Fintech / Regtech

Hong Kong and Macao Ink MOU to Bolster GBA Data Flows

By Sanday Chongo Kabange | 16/07/2025

Hong Kong’s PCPD and Macao’s PDPB will deepen collaboration on personal data protection, facilitate cross-boundary information exchange, and support the region's digital economy.

Crypto / Digital Assets

Hong Kong SFC Eases Rules for Visiting Financial Professionals

By Sanday Chongo Kabange | 16/07/2025

The SFC has extended the permissible activity period for licensed itinerant professionals from 30 to 45 days each calendar year to attract overseas talent.

Crypto / Digital Assets

Coins.ph, HashKey Launch Philippines-Hong Kong Crypto Corridor

By Nithya Subramanian | 16/07/2025

This will enable faster, more secure, and compliant movement of funds for individuals and institutions across the two markets.

Crypto / Digital Assets

CMB International Securities Gets Hong Kong Virtual Asset Licence

By Sanday Chongo Kabange | 16/07/2025

CMB International Securities says it is the first Chinese bank-affiliated broker to gain approval for virtual asset trading in Hong Kong.