Tag "Hong Kong Monetary Authority (HKMA)"
CBDCs and Virtual Assets Dominate Day One of Hong Kong Fintech Week 2022
The seventh edition of Hong Kong’s flagship fintech event Hong Kong Fintech Week (HKFW) 2022 kicked off this week, organised by the Hong Kong Monetary Authority (HKMA) with Invest Hong Kong. The first day of the HKFW 2022 saw several
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HKMA, BIS Publish Report on the World’s Largest Multi-CBDC Pilot Project
The Hong Kong Monetary Authority (HKMA), Bank for International Settlements (BIS), Bank of Thailand, Central Bank of the United Arab Emirates, and the Digital Currency Institute of the People’s Bank of China have published a report on the completed pilot
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HKMA Officially Launches Its Commercial Data Interchange
The Hong Kong Monetary Authority (HKMA) has officially launched its Commercial Data Interchange (CDI), one of the key initiatives under its Fintech 2025 strategy. As a consent-based financial data infrastructure, CDI aims to enhance data sharing by facilitating financial institutions
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BIS, HKMA to Explore Use of DeFi Tools to Improve SME Financing
The BIS Innovation Hub’s Hong Kong Centre and the Hong Kong Monetary Authority (HKMA) will look into the use of decentralised finance (DeFi) tools to improve access to finance for unfunded and underfunded small and medium enterprises (SMEs). The launch
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HKMA’s Faster Payment System Sees Steady Growth With 10.9 Million Users
The Hong Kong Monetary Authority (HKMA) announced during the fourth anniversary of its Faster Payment System (FPS) that the service has received 10.9 million registrations as of the end of August 2022. According to them, FPS usage has also been
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InvestHK and HKMA Launches a CBDC-Focused Vertical at the Global Fast Track 2022
Invest Hong Kong (InvestHK) and the Hong Kong Monetary Authority (HKMA) jointly announced the addition of the Central Bank Digital Currency (CBDC) track to the Global Fast Track 2022 programme. Global Fast Track, organised by InvestHK and co-organised by Finnovasia,
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HKMA, Bloomberg Launch Greater Bay Fintech Talent Initiative Supported by Major Banks
The Hong Kong Monetary Authority (HKMA), Bloomberg and the Hong Kong United Youth Association (HKUY) have partnered to launch the Greater Bay Fintech Talent Initiative aimed at bridging a potential technology skills gap in the region. With the Greater Bay
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HKMA Takes Stock of Banks’ Fintech Adoption Rate to Push Digitisation Efforts
The Hong Kong Monetary Authority (HKMA) announced the results of the Tech Baseline Assessment and its plans for further supporting the industry’s adoption of fintech. As part of its “Fintech 2025” strategy, the HKMA is promoting the all-round adoption of
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HKMA, Bank of Israel, and BIS Hong Kong to Pilot Study on Retail CBDCs
The Hong Kong Monetary Authority (HKMA), together with the Bank of Israel (BOI) and the Bank for International Settlements Innovation Hub (BISIH) Hong Kong Center, announced a joint research on retail Central Bank Digital Currency (CBDC) called Project Sela. This
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HKMA Seeks Public Feedback for Its Retail Digital Currency Research
The Hong Kong Monetary Authority (HKMA) has issued a discussion paper titled “e-HKD: A policy and design perspective”, inviting views from the public on key policy and design issues for its retail central bank digital currency (rCBDC). After announcing the
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