HONG KONG MONETARY AUTHORITY

Fintech / Regtech

HKMA to Collaborate With Saudi Central Bank on Market Connectivity

By Sanday Chongo Kabange | 28/07/2023

The two central banks will also collaborate on financial infrastructure development, sustainable development and fintech.

Capital / Liquidity

HKMA, SFC Set Out Expectations Under New Regime for Depositaries

By Manesh Samtani | 28/07/2023

Applications now being accepted under the new regulatory regime for depositaries of collective investment schemes.

Securities / Derivatives

Enhancements to Wealth Connect, Bond Connect Coming ‘Soon’

By Editors | 25/07/2023

Regulators to include more products in Wealth Connect and southbound Bond Connect, while allowing more investors to participate.

Enforcement

FFC Asia 2023: HKMA Says Information Sharing Key to Fighting Fraud

By Karen Ng | 13/07/2023

HKMA says information sharing among banks will be key to tackling the new challenges in the fraud and financial crime landscape.

Capital / Liquidity

HKMA Announces Orderly Exit from Loan Holiday Scheme

By Editors | 12/07/2023

The Pre-approved Principal Payment Holiday Scheme has “fulfilled its purpose and an orderly exit should commence”.

Crypto / Digital Assets

BIS Study: 24 Central Banks to have CBDCs by 2030

By Jill Wong | 11/07/2023

A BIS study found 24 central banks would have their own digital currencies in circulation by 2030.

AML / KYC

US Treasury Asks Hong Kong FIs to Help Prevent Export Control Evasion

By Editors | 11/07/2023

Treasury officials reportedly asked banks to help identify certain high-tech items being shipped to Russia via Hong Kong.

Capital / Liquidity

HKMA Relaxes Limits on Property Mortgage Loans

By Editors | 09/07/2023

This is the first time the HKMA has relaxed the countercyclical macroprudential measures for residential properties since they were implemented in 2009.

Market Infrastructure

Bond Connect Will be Further Enhanced, Says HKMA Chief

By Manesh Samtani | 05/07/2023

HKMA chief Eddie Yue discussed plans to open foreign access to the onshore treasury bond futures market and allow repo trades via Bond Connect.