Hong Kong Monetary Authority

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    Fintech / Regtech

    “Ecosystem Approach” Vital to Combat Digital Fraud: HKMA

    By Nithya Subramanian | 23/05/2024

    Coordinated global efforts and information sharing initiatives are becoming more commonplace to combat fraud, but there is still work to do, said HKMA’s Carmen Chu.

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    Capital / Liquidity

    HKMA Announces Refinements to USD Liquidity Facility

    By Editors | 22/05/2024

    The settlement date will be the same day as the tender date (T+0), instead of the business day after the tender date (T+1).

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    Crypto / Digital Assets

    HKMA, PBOC Expand Scope of e-CNY Pilot in Hong Kong

    By Editors | 20/05/2024

    Users can top up their wallets using Hong Kong FPS. This is the world’s first linkage between a faster payment system and a CBDC system.

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    Crypto / Digital Assets

    StanChart, Mastercard Complete PoC Involving Tokenised Carbon Credits

    By Editors | 15/05/2024

    Mastercard, StanChart, Mox Bank and Libeara are partnering to catalyse the adoption of tokenisation in financial assets.

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    Market Infrastructure

    Regulators Announce Enhancements to Swap Connect

    By Sanday Chongo Kabange | 14/05/2024

    The enhancements will enrich the tradeable products, improve ancillary services, and reduce investor participation costs.

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    Securities / Derivatives

    HKMA Issues Revised Guideline on SFC-registered AIs

    By Editors | 13/05/2024

    The revised module aims to serve as a “convenient regulatory handbook” for HKMA-authorised institutions that are also registered with the SFC.

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    Fintech / Regtech

    HKMA to Relabel ‘Virtual Banks’ as ‘Licensed Digital Banks’

    By Sanday Chongo Kabange | 09/05/2024

    The proposal is aimed at addressing negative connotations associated with the term “virtual bank” in Chinese.

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    Fintech / Regtech

    HKMA Forms New Architecture Community for Project Ensemble

    By Sanday Chongo Kabange | 08/05/2024

    The Community will develop standards to support interoperability among wCBDC, tokenised money and tokenised assets.

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    Fintech / Regtech

    Hong Kong, Shenzhen Pilot Cross-Border Data Platform

    By Sanday Chongo Kabange | 07/05/2024

    Pilot trials will test the validation of credit referencing reports and account opening documents for corporate customers.

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    ESG / Sustainability

    HKMA Publishes Hong Kong Taxonomy for Sustainable Finance

    By Manesh Samtani | 06/05/2024

    The Taxonomy encompasses 12 economic activities under four sectors. The HKMA said the second phase of the Taxonomy’s development “will commence soon”.

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