Hong Kong Monetary Authority

Enforcement

IA, HKMA Take Joint Enforcement Action Against Insurance Agent

By Sanday Chongo Kabange | 12/01/2024

The agent was suspended and fined for keeping gift vouchers that were intended to be given to clients as gifts.

ESG / Sustainability

HK Regulators Unveil New Sustainable Finance Initiatives

By Sanday Chongo Kabange | 09/01/2024

Hong Kong will adopt the IFRS Sustainability Disclosure Standards and integrate transition considerations into policy work.

Press Release

Regulation Asia: Top 20 News Stories for 2023

By Editors | 02/01/2024

This list presents the most-read news stories published by Regulation Asia in 2023, based on aggregated user traffic analytics.

Press Release

Regulation Asia: Top 10 Contributed Articles for 2023

By Editors | 02/01/2024

This list presents the most-read contributed articles published by Regulation Asia in 2023, based on aggregated user traffic.

Capital / Liquidity

Hong Kong Published Basel III related Rules in Gazette

By Editors | 30/12/2023

The rules published in the gazette are to implement Basel III components including the revised credit risk framework and the output floor.

ESG / Sustainability

HKMA Study Assesses Climate Risks of HK-domiciled Funds

By Sanday Chongo Kabange | 29/12/2023

The study found that the climate risk of HK-domiciled funds is “in line with funds domiciled in other Asia-Pacific economies.”

Crypto / Digital Assets

Hong Kong Opens Consultation on Regulatory Regime for Stablecoins

By Manesh Samtani | 28/12/2023

Hong Kong will implement a licensing regime that will require issuers of fiat-backed stablecoins that meet certain conditions to be licensed by the HKMA.

Fintech / Regtech

HKMA Issues Guidance on Managing Cyber Risk of Third-Parties

By Mark Johnston | 27/12/2023

Banks are asked to use scenario-based incident response strategies and regular drills to better prepare for supply chain attacks.

ESG / Sustainability

HKMA Study: Climate Change Will Dampen Housing Prices

By Editors | 26/12/2023

The study finds that global warming and severe typhoons can meaningfully lower housing prices in Hong Kong in the long run.