HONG KONG MONETARY AUTHORITY

Hong Kong Unveils Measures to Enhance Financial Services for Elderly

By Sanday Chongo Kabange | 29/05/2025

The measures include strengthening financial planning education, anti-scam education initiatives, and making banking services more elderly-friendly.

Market Infrastructure

Hong Kong Aims to Become Global Hub for “Patient Capital”

By Sanday Chongo Kabange | 29/05/2025

Hong Kong will attract patient capital by enhancing its regulatory framework, offering targeted incentives and strengthening its position as a risk management centre.

Enforcement

Hong Kong Auditor Suspended, Fined for Breaching Independence Rules

By Sanday Chongo Kabange | 27/05/2025

The auditor, who previously held senior positions at the SFC and HKMA, is suspended for 18 months and required to pay HKD 500,000 in penalties.

Crypto / Digital Assets

HSBC Launches Novel Tokenised Deposit Service

By Sanday Chongo Kabange | 27/05/2025

HSBC’s blockchain-based liquidity solution for Hong Kong institutional clients marks the first live pilot initiative supported by HKMA’s supervisory incubator for DLT.

AML / KYC

HKMA Issues Two Consultations on Rules for Stablecoin Issuers

By Sanday Chongo Kabange | 27/05/2025

The first consultation proposes regulatory standards for stablecoin issuers seeking authorisation. The second proposes AML/CFT requirements.

Market Infrastructure

HKTR to Open New ISO 20022 System One Week Early

By Manesh Samtani | 27/05/2025

The HKTR system for ISO 20022 standard implementation will be opened one week early to facilitate industry preparation for the new OTC derivatives reporting regime.

Market Infrastructure

Hong Kong Opens Applications Under New Re-domiciliation Regime

By Sanday Chongo Kabange | 26/05/2025

AXA has become the first company to announced plans to use the new regime to re-domicile from Bermuda to Hong Kong.

Fintech / Regtech

HKMA Links Commercial Data Interchange to Land Registry

By Sanday Chongo Kabange | 22/05/2025

The linkage allows banks to search land and ownership information for property valuation, mortgage and loan assessments.

Crypto / Digital Assets

Hong Kong Legislative Council Passes Stablecoin Ordinance

By Sanday Chongo Kabange | 21/05/2025

The ordinance, set to take effect later this year, will require issuers of fiat-referenced stablecoins to be licensed by HKMA to be offered in Hong Kong.