Hong Kong Monetary Authority

Fintech / Regtech

HKMA Publishes RegTech Bulletin on Best Execution Services

By Manesh Samtani | 24/07/2024

The bulletin says best execution services can be particularly helpful for exotic instruments, which often don’t have sufficient pricing information.

Crypto / Digital Assets

HKMA Names First Participants of Stablecoin Sandbox

By Sanday Chongo Kabange | 19/07/2024

The participants are Jingdong Coinlink Technology, RD InnoTech, Standard Chartered, Animoca Brands, and HKT.

Crypto / Digital Assets

Hong Kong Publishes Results from Stablecoin Consultation

By Sanday Chongo Kabange | 18/07/2024

Based on feedback, the FSTB and HKMA will prepare a bill to implement a regulatory regime for stablecoins and submit it to LegCo later this year.

Fintech / Regtech

HKMA Assessing Whether Virtual Banks Have Achieved Policy Goals

By Editors | 17/07/2024

The HKMA is evaluating whether the eight virtual banks have achieved the intended policy objectives since the licences were granted in 2019.

Crypto / Digital Assets

Hong Kong to Release Stablecoin Consultation Results “Soon”

By Sanday Chongo Kabange | 16/07/2024

The FSTB said it will “soon” release the results of a 2023 consultation on the proposed regulatory regime for fiat-referenced stablecoins.

Market Infrastructure

BIS to Explore Approaches for Monitoring Supply Chain Shocks

By Editors | 10/07/2024

BIS will use granular data, analytics and AI to improve monitoring of global supply chains and better assess their economic and financial impacts.

Securities / Derivatives

China to Allow CGBs as Collateral for Swap Connect

By Manesh Samtani | 09/07/2024

OTC Clear plans to start accepting China Government Bonds and Policy Financial Bonds as collateral for Swap Connect by year end.

Enforcement

MPFA Fines HSBC for Non-compliant Referral Programme

By Sanday Chongo Kabange | 09/07/2024

HSBC recruited and offered incentives to unregistered persons to refer corporate clients to the bank for MPF business.

Fintech / Regtech

HKMA, IA Launch Open API Framework Linkage

By Sanday Chongo Kabange | 08/07/2024

The new linkage seeks to enhance the mutual adoption of APIs for use cases across the banking and insurance sectors.