Tag "Hong Kong Monetary Authority"

Hong Kong, China, and Macao Ink MoU to Deepen Fintech Cooperation

The Hong Kong Monetary Authority (HKMA), the People’s Bank of China (PBoC), and the Monetary Authority of Macao (AMCM) have signed an MoU to deepen fintech innovation supervisory cooperation in the GBA. Under the MoU, the three authorities agreed to

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HKMA Orders Banks to Implement New Digital Banking Security Measures

The Hong Kong Monetary Authority (HKMA) has ordered banks to implement several new security measures to further strengthen the digital banking services. The new measures are designed to protect customers from fraudulent transactions, including enhanced monitoring for suspicious transactions and

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Hong Kong Wraps up First Phase of e-HKD Pilot Programme, Report Now Available

The Hong Kong Monetary Authority (HKMA) has published a report on the first phase of its e-HKD pilot programme which was first launched in November 2022. An e-HKD is a digital version of the Hong Kong dollar that is issued

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Hong Kong to Develop Regulatory Framework for Stablecoins

The Hong Kong Monetary Authority (HKMA) intends to roll out new regulations on crypto-assets and stablecoins by either this year or in 2024. On 12 January 2022, the HKMA had issued a discussion paper on crypto-assets and stablecoins and invited

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Hong Kong to Enhance Its Climate Data Availability Through Inclusion of SMEs

Hong Kong is looking to enhance its climate data availability and sustainability reporting through the partnership between the Green and Sustainable Finance Cross-Agency Steering Group and international non-profit CDP. The Steering Group is co-chaired by the Hong Kong Monetary Authority

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Hong Kong’s Rapid Digital Adoption Drives Demand for Better Mobile Banking UX

Mobile banking is growing in popularity in Asia, with a new study showing the region is home to some of the world’s best banking experiences on mobile devices, such as in Hong Kong and Singapore. The study, conducted by Sia

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Hong Kong Sets up Repository for Sustainable Finance Internships

The Green and Sustainable Finance Cross-Agency Steering Group has launched an internship for Hong Kong students as part of a collaborative effort to build capability for the industry. The steering group was established by the Hong Kong Monetary Authority (HKMA)

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BIS: World’s First CBDC Pilot With Four Countries Is Completed

The Bank for International Settlements – BIS Innovation Hub Hong Kong Centre, Hong Kong Monetary Authority, Bank of Thailand, People’s Bank of China and the Central Bank of The UAE announce the successful completion of the first CBDC pilot involving

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BIS, HKMA Explores Use of Tokenised Green Bonds in Sustainable Investment Push

The Bank for International Settlements (BIS) Innovation Hub Hong Kong Centre and the Hong Kong Monetary Authority (HKMA) will be working on a prototype digital infrastructure Project Genesis to improve sustainable investing with tokenised green bond assets. As BIS Innovation

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Cyberport Granted HK$6.1 Million for Fintech Scheme, Now Open for New Applications

Hong Kong digital tech park Cyberport has announced that the application stage for the first phase of its Fintech Proof-of-Concept Subsidy Scheme has closed and received over 80 applications. The scheme was commissioned by the Financial Services and the Treasury

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