Hong Kong Monetary Authority

    Crypto / Digital Assets

    SFC Considers Allowing Retail Access to Crypto, Starting with ETFs

    By Manesh Samtani | 01/11/2022

    ETFs with crypto exposure through CME-listed BTC and ETH futures can be distributed to Hong Kong retail clients. The “professional investor only” requirement is under review.

    Fintech / Regtech

    Hong Kong FSTB Issues Policy Statement on Approach to Virtual Assets

    By Manesh Samtani | 31/10/2022

    The SFC will be consulting on how retail investors may be given a “suitable degree of access” to virtual assets under Hong Kong’s new licensing regime.

    Hong Kong to Tighten Lending Rate Caps from 30 December

    By Editors | 29/10/2022

    Banks should start notifying customers of the new interest rate limits as soon as practicable and not later than 14 November.

    HKMA Streamlines Requirements on Use of Tech in Lending

    By Editors | 28/10/2022

    The streamlined requirements will help lenders accelerate the adoption of advanced data analytics in credit underwriting.

    Fintech / Regtech

    HKMA Issues Regtech Guide for Sales and Suitability Practices

    By Manesh Samtani | 28/10/2022

    The guide describes a solution to automating product due diligence and a governance tool for improving oversight of the sales advisory process.

    HKMA Confirms Health Arrangements for Upcoming Financial Forum

    By Editors | 28/10/2022

    Hong Kong Financial Secretary Paul Chan, who is due to deliver a keynote speech at the event, has tested positive for Covid-19 while in Saudi Arabia.

    Market Infrastructure

    Don’t Overlook the Value of LEI

    By Joseph Capablanca | 28/10/2022

    DTCC’s Joseph Capablanca discusses the importance of the LEI for improving transparency, cutting costs, and reducing operational risk in the global financial industry.

    AML / KYC

    NLP for Regulatory Compliance: A Question of When, Not If

    By Irene Liu | 27/10/2022

    Accenture’s Irene Liu and team discuss the use of NLP technology within compliance functions, as well as the adoption challenges and how to address them.

    Crypto / Digital Assets

    BIS Innovation Hub Releases mBridge Report, Sets Out Next Steps

    By Editors | 27/10/2022

    The mBridge project team will continue working to get to a minimum viable product that can be used by early adopters next year.

    Securities / Derivatives

    Shenzhen, Hainan to Issue New RMB Bonds in Hong Kong

    By Editors | 26/10/2022

    Hong Kong Financial Secretary Paul Chan said the issuances will increase the breadth and depth of the city’s RMB debt market.

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