HONG KONG

Fintech / Regtech

HKMA’s Carmen Chu Urges Banks to ‘Embrace the Opportunities’ of GenAI

By Sanday Chongo Kabange | 22/12/2024

HKMA’s Carmen Chu said banks should foster a culture of “continuous learning” within their institutions and experiment with HKUST’s InvestLM GenAI Platform.

Securities / Derivatives

HK Government Asked to Explain ‘Sluggish’ Sales of Retail Infrastructure Bond

By Editors | 22/12/2024

Hong Kong officials Christopher Hui and Paul Chan both attributed the undersubscription to a wider range of attractive investment options in the market.

Market Infrastructure

HKMA Requiring Banks to Develop Capability to Switch Between CRAs

By Sanday Chongo Kabange | 20/12/2024

Retail banks must have agreements in place with more than one CRA by Jan 2025 and complete switch-over testing within Q2 2025

Fintech / Regtech

HKMA Announces First Batch of GenAI Sandbox Participants

By Sanday Chongo Kabange | 20/12/2024

15 use cases from 10 banks and 4 technology partners were selected. Technical trials will commence in early 2025.

ESG / Sustainability

HKEX Welcomes Large Carbon Credit Transaction by Cathay Pacific

By Sanday Chongo Kabange | 20/12/2024

Christopher Hui said the transaction sets a benchmark example for more transactions on HKEX’s Core Climate platform to follow.

Market Infrastructure

Hong Kong Forms Working Group to Lead Gold Market Development

By Sanday Chongo Kabange | 20/12/2024

The working group will help to create a comprehensive ecosystem for Hong Kong’s new gold trading market, says Christopher Hui.

Enforcement

Hong Kong ICAC, Competition Commission to Enhance Collaboration

By Manesh Samtani | 19/12/2024

The ICAC and the Competition Commission signed an MoU to enhance collaboration in combating corruption and anti-competitive conduct

Crypto / Digital Assets

SFC Issues Circular Offering Clarity on VATP Licensing Process

By Sanday Chongo Kabange | 19/12/2024

VATP applicants can receive conditional licenses with restrictions that can only be lifted after a second-phase assessment process.

Fintech / Regtech

HKEX Launches New Data Marketplace for Investors

By Sanday Chongo Kabange | 19/12/2024

“HKEX Data Marketplace” will allow data users to access historical and reference data on securities and derivatives.