Hong Kong Monetary Authority

Crypto / Digital Assets

HKMA Meets with Crypto Firms on Banking Access Challenges

By Karen Ng | 19/06/2023

Banks operating in Hong Kong should endeavour to meet the legitimate business need of licensed VASPs, the HKMA told Regulation Asia.

Crypto / Digital Assets

HKMA to Start ‘Paving the Way’ for e-HKD Implementation

By Manesh Samtani | 12/06/2023

The HKMA expects that it will take at least two to three years to build a wholesale layer of production grade for possible e-HKD implementation.

Fintech / Regtech

BIS Develops Smart Contract Prototype for SME Finance

By Editors | 09/06/2023

The prototype was developed as part of Project Dynamo, a collaboration between BIS Innovation Hub and HKMA to explore the use of digital tokens in supply chain finance for SMEs.

AML / KYC

HKMA, Cyberport Concludes Fourth AML Regtech Lab

By Karen Ng | 08/06/2023

The HKMA said it aims to have all retail banks taking a “consistent, coordinated approach to real-time fraud monitoring” by September 2023.

Crypto / Digital Assets

Hong Kong: Going Digital Caused Scams to Rise 45.1% in 2022

By Karen Ng | 07/06/2023

Data compiled by law firm Freshfield Bruckhaus Deringer shows that Hong Kong deception cases grew 45.1 percent in 2022.

Consumers Still First Line of Defence Against Fraud

By Karen Ng | 07/06/2023

Fraudulent websites are causing chaos. Banks and regulators have taken on a parenting role to stop consumers from falling prey to scammers.

Market Infrastructure

HKEX Permits 21 Firms to List RMB Share Counters

By Sanday Chongo Kabange | 07/06/2023

Nine market markers are permitted to conduct market making or liquidity providing activities in dual counter securities starting 19 June.

Fintech / Regtech

Stanchart, PwC Examine CBDC Opportunities in GBA

By Sanday Chongo Kabange | 06/06/2023

The paper says the GBA is an ideal launch pad for CBDC pilots given its use of three different currencies and monetary authorities.

Fintech / Regtech

InvestHK Launches 2023 Fintech Fast Track Programme

By Sanday Chongo Kabange | 05/06/2023

13 finalists from fintech, AI and Web3 scaleups will be selected to pitch in person at Hong Kong FinTech Week 2023.