Hong Kong Monetary Authority

Market Infrastructure

HKMA, PBOC To Establish Cross-border Payment Link

By Sanday Chongo Kabange | 01/07/2024

The cross-boundary payment and settlement scheme will enhance economic activities between Hong Kong and the Mainland.

Crypto / Digital Assets

HKMA, BDF To Collaborate on Cross-border CBDC Experiments

By Sanday Chongo Kabange | 28/06/2024

The HKMA and BDF will collaborate on cross-border transfers and settlement of tokenised assets.

HKMA, IA Identify Issues With Premium Financing Practices

By Editors | 27/06/2024

A joint inspection exercise was conducted to assess compliance with new standards for premium financing that were implemented on 1 January 2023

Crypto / Digital Assets

Hong Kong FIs Keen on DeFi and Metaverse: AoF Reports

By Sanday Chongo Kabange | 26/06/2024

HKMA said FIs are interested in exploring opportunities brought by DeFi and metaverse as they expand involvement in virtual assets.

Hong Kong Revises Banking Code of Practice for Marketing Calls

By Sanday Chongo Kabange | 25/06/2024

The code sets out limits on the frequency of person-to-person marketing and confines the hours of making such calls, among other revisions.

AML / KYC

HKMA Issues Guidance for Banks on Handling ‘Bogus’ Calls

By Sanday Chongo Kabange | 25/06/2024

The HKMA has directed banks to review and step up measures to protect consumers from “bogus” telephone calls purporting to be from banks.

Capital / Liquidity

HKMA Consults on Revised Credit Risk Mitigation Guidelines

By Mark Johnston | 24/06/2024

The revised SPM module is expanded compared to the 2001 version, aimed at strengthening banks’ management of collateral or guarantees.

Market Infrastructure

Hong Kong to Start Trading During Typhoons from 23 Sep

By Sanday Chongo Kabange | 19/06/2024

Special arrangements will be available to smaller and mid-sized brokers. HKMA said banks stand ready to fulfill clearing and settlement obligations.

Capital / Liquidity

HKMA Tweaks Rules to Address Homebuyer Hardship

By Editors | 18/06/2024

The adjustments aim to address depressed valuations, simplify borrowing capacity calculations, and reduce rental income haircuts.