hong kong monetary authority
Hong Kong Securities Regulator Aims to Tighten Digital Asset Regulations Later This Year
The CEO of the Hong Kong Securities and Futures Commission (SFC) recently stated that security tokens must be regulated by the regulatory authority.
ConsenSys Picked to Help Develop Phase 2 of Hong Kong's CBDC Project
Blockchain firm ConsenSys has revealed that it has been awarded a cross-border payment network study project by the Hong Kong Monetary Authority (HKMA)
Standard Chartered's Planned Hong Kong Virtual Bank Announced as Mox
Mox is the new virtual bank in Hong Kong to be launched by Standard Chartered in partnership with PCCW, HKT and Trip.com. Launching later this year, the mission of Mox is to help everyone in Hong Kong grow – “your money, your world, your possibilities.”
Composite Interest Rate Drops to 2.65% in April 2024, Announces HKMA
The Hong Kong Monetary Authority reveals a decrease in the composite interest rate for April 2024.
Hong Kong Monetary Authority's Project mBridge Achieves MVP Milestone
Project mBridge reaches MVP stage, exploring CBDCs for cross-border payments.
Hong Kong Monetary Authority Announces Results of RMB Bills Tender
The Hong Kong Monetary Authority revealed the results of the People’s Bank of China RMB Bills tender held on June 19, 2024.
Hong Kong Monetary Authority Releases Reports on DeFi and Metaverse in Finance
The Hong Kong Monetary Authority has published reports on DeFi and the metaverse, analyzing their impact and regulatory landscape in the financial services industry.
HKMA Announces Senior Staff Changes: Raymond Li to Retire, Colin Pou to Succeed
The Hong Kong Monetary Authority (HKMA) announces the retirement of Raymond Li and the succession by Colin Pou. Open recruitment for the Executive Director role will follow.
Hong Kong Mortgage Applications Drop by 17.2% in June 2024, HKMA Reports
The Hong Kong Monetary Authority (HKMA) reports a 17.2% decline in mortgage applications for June 2024, with significant decreases in loan approvals.
Hong Kong Monetary Authority Reports Decline in Negative Equity Mortgage Loans for June 2024
The Hong Kong Monetary Authority's survey reveals a decrease in residential mortgage loans (RMLs) in negative equity by end of June 2024.
Hong Kong Monetary Authority Announces 5.00% Interest Rate for Silver Bond Series Due 2026
The Hong Kong Monetary Authority has set the annual interest rate for the second interest payment of the Silver Bond Series due 2026 at 5.00%.
Hong Kong Monetary Authority Announces FPS Downtime for System Enhancement
Hong Kong Monetary Authority plans a system enhancement for the Faster Payment System (FPS) on August 18, 2024, causing a temporary service outage.
Hong Kong Monetary Authority Announces Results of RMB Sovereign Bond Tenders
The Hong Kong Monetary Authority has revealed the outcomes of the RMB Sovereign Bond tenders held on 14 August 2024.
Hong Kong Monetary Authority Announces Tender of 2-Year Exchange Fund Notes
The Hong Kong Monetary Authority (HKMA) will hold a tender for 2-year Exchange Fund Notes on 21 August 2024, with a settlement date on 22 August 2024.
Hong Kong Monetary Authority Warns of Fraudulent DBS Bank Website and Social Media Page
The HKMA alerts the public about a fraudulent website and social media page linked to DBS Bank (Hong Kong) Limited.
Hong Kong Monetary Authority Reviews Currency Board Operations Amidst Global Economic Divergence
The Hong Kong Monetary Authority (HKMA) discusses the stability of the HKD and economic challenges in its latest Currency Board Sub-Committee meeting.
Hong Kong Monetary Authority Announces Decrease in Composite Interest Rate for July 2024
The Hong Kong Monetary Authority reports a decrease in the composite interest rate to 2.58% at the end of July 2024.
Hong Kong Monetary Authority Reports 0.6% Increase in Total Deposits for July 2024
The Hong Kong Monetary Authority reported a 0.6% increase in total deposits in July 2024, with notable changes in various deposit categories.
HKMA Imposes Penalty on WeChat Pay Hong Kong for AML Failures
The Hong Kong Monetary Authority has fined WeChat Pay Hong Kong Limited HK$875,000 for contravening anti-money laundering regulations.
Hong Kong Monetary Authority Sets 4.00% Interest Rate for Silver Bond Series
The Hong Kong Monetary Authority announced a 4.00% interest rate for the fourth payment of the Silver Bond Series due 2025.
Hong Kong Monetary Authority Suspends Registration of LI Shek Tang for Nine Months
The Hong Kong Monetary Authority has suspended the registration of LI Shek Tang for nine months due to misconduct involving the fabrication of a client's signature.
PBOC to Issue Renminbi Bills via Hong Kong Monetary Authority's Central Moneymarkets Unit
The People's Bank of China is set to issue Renminbi Bills through the Central Moneymarkets Unit of the Hong Kong Monetary Authority.
Hong Kong Monetary Authority Announces Interest Rate for Retail Green Bonds Due 2026
The Hong Kong Monetary Authority has set the interest rate for the second interest payment on retail green bonds due 2026 at 4.75% per annum.
Hong Kong Monetary Authority Announces Results of RMB Sovereign Bond Tender
The Hong Kong Monetary Authority disclosed the results of its RMB sovereign bond tender held on October 16, 2024, revealing significant interest in its 2-year bonds.
HKMA Warns Against Fraudulent Websites Targeting Bank Julius Baer Clients
The Hong Kong Monetary Authority alerts the public about fraudulent websites and phishing messages impersonating Bank Julius Baer, urging caution and reporting of suspicious activities.
HKMA Announces Results of 3-Year HKD Government Bond Tender
The Hong Kong Monetary Authority revealed the results of its 3-year HKD government bond tender, with a bid-to-cover ratio of 3.89 and an annualized yield of 2.952%.
Hong Kong Monetary Authority Reports 0.8% Increase in Deposits for September 2024
Hong Kong Monetary Authority's September 2024 data reveals a 0.8% rise in total deposits, with Hong Kong dollar and foreign currency deposits contributing to this growth.
Hong Kong Monetary Authority Grants Banking Licences to GIL and KGIB
The Hong Kong Monetary Authority has granted banking licences to Guanyin International Limited and KGI Bank Co., Ltd., increasing the total number of licensed banks in Hong Kong to 151.
Hong Kong Monetary Authority Announces Tender for 2-Year Exchange Fund Notes
The HKMA will conduct a tender for 2-year Exchange Fund Notes on November 22, 2024, offering HK$1,200 million worth of notes with a 3.19% interest rate.
Hong Kong Monetary Authority Warns of Fraudulent Websites Targeting China Construction Bank Customers
The Hong Kong Monetary Authority alerts the public about fraudulent websites imitating China Construction Bank's online services, urging caution and immediate reporting of suspicious activities.
Hong Kong Monetary Authority Emphasizes AI and DLT in Fintech Roadmap
The Hong Kong Monetary Authority (HKMA) has released a Fintech Promotion Roadmap, aiming to promote fintech adoption in the financial services industry. The roadmap includes key fintech sectors like Wealthtech, Insurtech, and Greentech, and introduces AI and DLT. It aligns with HKMA's "Fintech 2025" strategy.
Why Hong Kong Will Be a Leading Digital Asset Trading Centre in Asia
Reasons why Hong Kong will a leading digital asset trading centre in Asia.
Standard Chartered Undertakes First Cross-Blockchain Trade Transaction Between Hong Kong and Mainland China
Standard Chartered has made a milestone by completing its first cross-blockchain trade finance pilot transaction between Hong Kong and China.
Ping An of China’s Blockchain Unit Chooses US over Hong Kong for IPO
Chinese insurance giant, Ping An Insurance’s financial technology arm, OneConnect is leaning towards choosing New York over Hong Kong for its initial public offering (IPO) this year in mid-November.
Hong Kong to “Seize the Opportunities” of China’s Digital Yuan CBDC Development
The Hong Kong government is considering collaborating with the mainland Chinese authorities on the country’s central bank digital currency (CBDC) project.
Why Hong Kong is Still Not Ready to Become Asia's Leader in Crypto and Blockchain
During a live webinar, as part of the UK FinTech Week, Clara Chiu, the Head of Fintech Unit & Director of Licensing at the SFC explicitly stated that Hong Kong does not have the mandate to create a large regulatory regime for cryptocurrencies or to attract more investors or players in the crypto field. Rather than promoting the crypto sector, Hong Kong is rather focused on protecting investors and promoting new regulations for the same reason. Is focusing on licensing enough for the city?
Standard Chartered's Virtual Bank, Mox Will Usher in New Era of Banking for Hong Kong
Mox Bank Limited, or Mox, the new virtual bank in Hong Kong recently launched by Standard Chartered, has now been made available to select customers via invitation in an external pilot. The aim of the pilot is to prepare the state-of-art virtual bank for the public launch scheduled for later this year.
Hong Kong’s Central Bank and Bank of Thailand Announce Results of Blockchain-Based CBDC Study
The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand published the results in a research report of the Project Inthanon-LionRock, by the two central banks on the application of central bank digital currencies (CBDCs) on cross-border payments. In May 2019, the two authorities signed a Memorandum of Understanding (MoU) on fintech collaboration, as Thailand is one of Hong Kong’s top 10 principal trading partners.
Ex-Chief Executive of the HKMA Establishes Digital Wallet Firm to Solve Issues in Cross-Border Trade Finance
The former Chief Executive of the Hong Kong Monetary Authority (HKMA) has established a new digital wallet company, RD Wallet Technologies Limited.
FinTech Remains as a High Priority Sector, Says Hong Kong Chief Executive Carrie Lam at the Asian Financial Forum 2020
The 13th Asian Financial Forum, taking place as a two-day event starting on Jan. 13, 2020, in Hong Kong, gathering the most influential leaders of the global financial, government, and business sectors, groundbreaking discussions on inclusiveness, innovation, and fintech.