Tag "Hong Kong Monetary Authority (HKMA)"

Hong Kong Takes it First Step in Retail Central Bank Digital Currencies with e-HKD

The Hong Kong Monetary Authority (HKMA) has released a technical whitepaper on retail central bank digital currency (CBDC), titled “e-HKD: A technical perspective”. Building on the experience in wholesale CBDCs, in June 2021, the HKMA has started a study on

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Thailand, HK CBDC Prototype Reveals Cross Border Payments Can Be Done in Seconds

The Hong Kong Monetary Authority (HKMA), Bank of Thailand, BIS Innovation Hub Hong Kong Center (BISIH), People’s Bank of China and the Central Bank of the United Arab Emirates have reveled findings from their joint Central Bank Digital Currency (CBDC)

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China Kicks off Multibillion Dollar Investment Link With Hong Kong and Macau

China has officially launched the Wealth Management Connect (WMC) with Hong Kong and Macau to carry out cross-boundary investment in wealth management products distributed by banks in the area. The Wealth Management Connect trading scheme will initially handle a total fund

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Here Are the 5 Strategies Outlined in HKMA’s Fintech 2025 Plan

The Hong Kong Monetary Authority (HKMA) has unveiled “Fintech 2025”, its new strategy for driving fintech development in Hong Kong which includes further testing of Central Bank Digital Currencies (CBDCs). According to a statement by HKMA, the new fintech strategy

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Airstar Bank Pilots Corporate Banking Services for SMEs Through HKMA Sandbox

Airstar Bank, one of Hong Kong’s eight virtual banks, has launched a pilot trial of corporate banking services for SMEs through the Fintech Supervisory Sandbox administered by the Hong Kong Monetary Authority (HKMA). At this stage, the pilot trial aims

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Hong Kong Enters a New Phase of Open Banking

The Hong Kong Monetary Authority (HKMA) announced the implementation plan for the third and fourth phases of its Open API framework. The next steps in the framework are account information for phase 3 and transactions for phase 4. Following the

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HKMA Partners Bank of Japan to Unveil Cross-Border Delivery-Versus-Payment Link

The Hong Kong Monetary Authority (HKMA) announced the launch of the delivery-versus-payment (DvP) link for cross-currency securities transactions between the Hong Kong dollar (HKD) CHATS and the Bank of Japan Financial Network System for Japanese Government Bond (BOJ-NET JGB) Services.

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Hong Kong Monetary Authority Launches Global Regtech Challenge

The Hong Kong Monetary Authority (HKMA) announced today the launch of its Global Regtech challenge which they described as a competition designed to raise the Hong Kong banking industry’s awareness of the potential of Regtech adoption and to further grow

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Central Banks of China and UAE Joins Hong Kong-Thailand’s Digital Currency Project

The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) announced in a joint statement that the central banks of China and the United Arab Emirates will be joining them for the second phase of their central bank

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6 Ways Hong Kong Banks are Using Regtech to Combat Financial Crimes

A new report published by the Hong Kong Monetary Authority (HKMA) looks at six ways banks in the region have used regtech tools for anti-money laundering and combating the financing of terrorism (AML/CFT) purposes. The report, produced in collaboration with

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