Hong Kong Monetary Authority

AML / KYC

Use of AI for AML Could Lower Effectiveness: Report

By Bradley Maclean | 14/03/2024

A new report from NICE Actimize and Regulation Asia sheds light on APAC’s use of technology to fight financial crime.

AML / KYC

HKMA to Establish Regulatory Sandbox for Stablecoin Issuers

By Sanday Chongo Kabange | 13/03/2024

The HKMA will use the sandbox to communicate supervisory expectations and guidance on the issuance of fiat-referenced stablecoins in Hong Kong.

Crypto / Digital Assets

HKMA Commences wCBDC Project to Drive Tokenisation

By Editors | 07/03/2024

Project Ensemble could help to forge new financial market infrastructure that can bridge tokenised assets and money in transactions, the HKMA said.

Capital / Liquidity

HK Banks Stop Offering Mortgage Loans for Speculation

By Editors | 07/03/2024

Many banks have stopped providing mortgages for confirmor transactions, due to signs that speculative interest is reemerging in the property market.

Crypto / Digital Assets

BIS Innovation Hub to Explore ‘Privacy by Design’ for CBDC

By Manesh Samtani | 07/03/2024

The BIS Innovation Hub and HKMA have launched Aurum 2.0, a project focused on building privacy features into CBDC systems.

Crypto / Digital Assets

Hong Kong: More Clarity Needed on Proposed OTC Crypto Regime

By Nithya Subramanian | 07/03/2024

Clarity is needed on the scope of activities captured by the regime, how stablecoins will fit into the regime, and how professional investors will be treated.

Market Infrastructure

ASIFMA Calls for More Enhancements to Wealth Connect Scheme

By Sanday Chongo Kabange | 05/03/2024

ASIFMA calls for a further increase in the individual investment quota and a more extensive expansion to the list of eligible products.

Capital / Liquidity

HKMA Issues Revised SPM Module on CCyB Settings

By Editors | 05/03/2024

The revised SPM module introduces a Positive Neutral CCyB of 1% for Hong Kong to ensure an additional buffer is available in the event of a shock.

Crypto / Digital Assets

HK Budget Promises Financial Sector Development, Boost for Property Market

By Manesh Samtani | 28/02/2024

Restrictions on property transactions removed. Property lending requirements eased. HK$100mn pledged to promote financial services.