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Market Infrastructure
HKMA Names Market Makers for Southbound Bond Connect
By Editors | 18/09/2021
The designated market makers were selected based on several criteria, including their Hong Kong bond market activities and their counterparty networks with Mainland FIs.
HKMA Finds Gaps in How Banks Sell Tax Deductible Products
By Sanday Chongo Kabange | 15/09/2021
Some banks did not ensure the products were suitable, or did not explain product features and risks to customers.
Market Infrastructure
Southbound Bond Connect to Launch on 24 September
By Editors | 15/09/2021
Southbound trading under Bond Connect will have an initial daily quota of CNY 20 billion and an annual quota of CNY 500 billion.
Market Infrastructure
APLMA, TMA Issue Guidance on SOFR Adoption in Loan Markets
By Manesh Samtani | 15/09/2021
The HKMA said it supports the publication of the new information note, which sets out options to replace USD LIBOR with SOFR in loan contracts.
Market Infrastructure
Cross-boundary Wealth Management Connect Launched
By Manesh Samtani | 10/09/2021
The PBOC, HKMA and AMCM have published the implementation details to support the launch of the Cross-boundary Wealth Management Connect Pilot Scheme.
Market Infrastructure
GBA Wealth Management Connect Set for Launch
By Editors | 10/09/2021
The southbound leg of Bond Connect will also be launching shortly. A press release will be held this afternoon to announce implementation details.
Market Infrastructure
HKMA Urges Continued Momentum in Bank Culture Efforts
By Manesh Samtani | 09/09/2021
Culture is the “invisible glue” that holds a bank together and assumes an even more critical role during the pandemic, says the HKMA’s Arthur Yuen.
ESG / Sustainability
Hong Kong Explores Role in Unified GBA Carbon Market
By Sanday Chongo Kabange | 08/09/2021
Hong Kong is exploring opportunities to establish a unified carbon market in the Greater Bay Area, leveraging the Guangdong ETS and Shenzhen ETS.
Securities / Derivatives
HKMA, SFC to Develop Concentration Risk Alerting System – Report
By Editors | 01/09/2021
The new system is intended to detect excessive risk-taking by banks and investment funds to guard against an Archegos style collapse.
Market Infrastructure
BIS, HKMA to Build Digital Infrastructure for Green Investment
By Manesh Samtani | 25/08/2021
BIS Innovation Hub, HKMA and private sector firms will tokenise green bonds to facilitate investment in and improve the transparency of green projects.
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