Hong Kong Monetary Authority

Fintech / Regtech

HKMA Calls on Banks to Participate in Cyber Intelligence Platform

By Sanday Chongo Kabange | 03/01/2025

The HKMA welcomed enhancements to the Platform announced by HKAB and called on banks to actively participate in the initiative.

Capital / Liquidity

HKMA Finalises Guidance, Reporting Form for CCyB Framework

By Editors | 02/01/2025

Reporting institutions should submit the revised return form starting from the reporting position as of 31 March 2025.

Market Infrastructure

SFC, HKMA Issue Revised Derivatives Reporting Guidance

By Editors | 30/12/2024

Revised FAQs and Supplementary Reporting Instructions have been issued to reflect changes taking effect on 29 September 2025.

AML / KYC

HKMA Directs Banks to Implement More Anti-Scam Measures

By Manesh Samtani | 28/12/2024

HKMA says banks should seek Police assistance and consider holding the transaction if they believe a customer is being scammed.

HKMA Streamlines Audio-recording Requirement for Investment Sales

By Editors | 26/12/2024

HKMA circular covers the use of video conferencing and other digital tools to conduct investment transactions of retail banking customers.

Securities / Derivatives

Hong Kong and UAE to Connect Debt Capital Markets

By Editors | 24/12/2024

HKMA and CBUAE aim to “allow seamless and cost-effective cross-border debt securities issuance, trading, investment, settlement as well as collateral management.”

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.

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.