Hong Kong Monetary Authority

ESG / Sustainability

Hong Kong to Develop Transition Finance Framework: HKMA

By Sanday Chongo Kabange | 27/02/2024

HKMA’s Darryl Chan said the  Green and Sustainable Finance Cross-Agency Steering Group will start work on a transition taxonomy this year.

Big Picture

Wealth Connect Enhancements to Drive Investment: HSBC

By Nithya Subramanian | 27/02/2024

Around a quarter of WMC investors intend to invest CNY 1 million or more via the Scheme in the next 12 months.

HKMA Issues Updated Guidance on Suitability Assessments

By Manesh Samtani | 26/02/2024

The guidance focuses on the portfolio-based approach to suitability assessment, which HKMA says improves efficiency in the selling process.

Fintech / Regtech

HK Banks to Introduce Anti Malware Security Measures This Month

By Sanday Chongo Kabange | 25/02/2024

The new security measures on banking apps will trigger immediate actions when malware or suspicious apps are detected on customers’ devices.

Crypto / Digital Assets

The Future of Securities Tokenisation and Crypto Regulation 

By Hannah Cassidy | 22/02/2024

With crypto currencies and assets firmly lodged in the public mind, regulators need to lay guardrails to facilitate innovation and combat misbehaviour.

ESG / Sustainability

Hong Kong Launches New Tools to Improve GHG Reporting

By Manesh Samtani | 22/02/2024

The calculation tool will help SMEs calculate GHG emissions; the estimation tool will help FIs estimate emissions of investees and borrowers.

Crypto / Digital Assets

HKMA Sets Standards for Digital Asset Custodial Services

By Manesh Samtani | 21/02/2024

HKMA circular sets out expectations standards for banks that wish to provide digital asset custodial services to clients.

Crypto / Digital Assets

HKMA Sets Out Expectations on Tokenised Product Offerings

By Manesh Samtani | 20/02/2024

HKMA circular sets out expectations for the sale and distribution of tokenised products in respect of due diligence, disclosure and risk management.

Market Infrastructure

HKMA Sets Out Resolution Planning Expectations in New Guidance

By Sanday Chongo Kabange | 17/02/2024

A new chapter has been added to the Code of Practice setting out the measures banks should have in resolution plans.