HONG KONG MONETARY AUTHORITY

    Capital / Liquidity

    HKMA Extends Relief for Trade Loan Customers Another 90 Days

    By Editors | 01/02/2021

    Trade loans granted 90-day extensions last year will start to fall due in February, but some trade customers are still facing cash flow pressure, the HKMA said.

    Securities / Derivatives

    Hong Kong Government Prices First Ever 30 Year Green Bond

    By Editors | 28/01/2021

    Hong Kong has priced the first ever 30-year green bond by an Asian government and the longest tenor bond in its history.

    Enforcement

    HKMA Suspends Banker Over Photocopied Client Signature

    By Editors | 28/01/2021

    The banker photocopied a client’s signature onto an instruction form and used it to apply for the issuance of a bank reference letter.

    HK Regulators Ask Bankers to Explain Reasons for Departing City

    By Editors | 27/01/2021

    Executives who have relocated to Singapore or Tokyo have reportedly received phone calls from Hong Kong government agencies and regulators seeking explanations for the decisions.

    AML / KYC

    Fighting TBML to Sustain a Post-pandemic Recovery in APAC

    By Claus Christensen | 27/01/2021

    As we inaugurate the next phase of international trade, the FATF is pushing trade-based money laundering to the top of the international community’s agenda, says Claus Christensen at Know Your Customer.

    Fintech / Regtech

    BIS Innovation Hub Sets Out 2021 Work Programme

    By Manesh Samtani | 24/01/2021

    Six thematic priorities have been set out: suptech and regtech; next-generation FMIs; CBDCs; open finance; green finance; and cyber security.

    AML / KYC

    HKMA Publishes Cases Studies on AML/CFT Regtech Adoption

    By Manesh Samtani | 21/01/2021

    New report details case studies and insights from banks that have implemented technologies to enhance the efficiency and effectiveness of their AML/CFT efforts.

    ESG / Sustainability

    Hong Kong Influence in Global Climate Finance of ‘Critical Importance’

    By Manesh Samtani | 19/01/2021

    At the Asian Financial Forum, SFC chief Ashley Alder discussed the steps Hong Kong has taken to support a greener and more sustainable future.

    Securities / Derivatives

    State Street to Resume Buying Sanctioned Stocks for Tracker Fund

    By Editors | 14/01/2021

    Two days after State Street said it would not be able to buy shares in US-sanctioned stocks, the company has said it will resume these investments to continue tracking the Hang Seng Index.

    Sanctions

    HKMA May Replace State Street as Manager of Tracker Fund

    By Editors | 13/01/2021

    State Street will no longer be able to buy shares in companies sanctioned by the US, including China Mobile and China Unicom.

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