Hong Kong Monetary Authority

    Crypto / Digital Assets

    HKMA to Start Retail CBDC Trials in Q4 This Year

    By Manesh Samtani | 21/09/2022

    The trials will involve banks, payment companies and other technology firms to study the use of the e-HKD in a limited setting.

    HKMA Extends Corporate Loan Support Scheme

    By Editors | 19/09/2022

    The Pre-approved Principal Payment Holiday Scheme has been in effect since May 2020. The HKMA says some corporates are still facing cash-flow pressures.

    Crypto / Digital Assets

    BIS, HKMA to Explore Use of DeFi Tools for SME Finance

    By Editors | 18/09/2022

    Project Dynamo will study whether and how DeFi tools such as blockchain and smart contracts can improve access to finance for SMEs.

    Fintech / Regtech

    HKMA, BOT Exploring Cross-border Payments Arrangement

    By Editors | 12/09/2022

    Visitors would be able to use their home faster payment system to pay for shopping and food in each other’s markets via their mobile phones.

    HKMA Launches Online Resource for Aspiring Bankers

    By Editors | 08/09/2022

    The new platform, Banking GPS, provides information on major bank functions and job openings, tips on job-hunting, and experience sharing from practitioners.

    ESG / Sustainability

    Hong Kong Plans Measures to Lure ESG, Fintech Talent

    By Editors | 06/09/2022

    The government will also dedicate resources towards providing training aimed at developing local ESG talent. Applications for a fintech subsidy scheme will open on 10 September.

    Market Infrastructure

    CSRC Unveils Plans to Further Expand Stock Connect

    By Manesh Samtani | 05/09/2022

    More companies will be added to Stock Connect and Hong Kong will introduce treasury bond futures and a special counter for yuan stocks.

    Hong Kong Targets Removal of Hotel Quarantine Requirement

    By Editors | 05/09/2022

    Chief Executive John Lee is leaning towards scrapping hotel quarantine before a November summit of global bankers and the Hong Kong Rugby Sevens tournament.

    HKMA Introduces New Rules for Banks Offering BNPL Products

    By Manesh Samtani | 05/09/2022

    Banks that engage or partner with third-party service providers when launching BNPL products will be held accountable for the actions of those providers.

    Securities / Derivatives

    New Guidance Issued on HKMA Funds Certification

    By Editors | 02/09/2022

    The guidance is intended to help funds and their auditors prepare the necessary reports needed to obtain carried interest tax concessions.

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