Tag "The Hong Kong Monetary Authority (HKMA)"

Hong Kong Unveils Enhanced Anti-Scam Charter 2.0 to Combat Digital Fraud

The Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB) have launched the Anti-Scam Consumer Protection Charter 2.0, a comprehensive initiative that significantly enhances measures to protect the public from credit card scams and digital fraud.

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Singapore’s DigiFT Expands Operations to Hong Kong, With Kevin Loo as CEO

DigiFT, an exchange for on-chain real-world assets (RWA) licensed by the Monetary Authority of Singapore (MAS), is extending its operations to Hong Kong. This extension is marked by DigiFT’s inclusion in the Cyberport Incubation Programme, a hub in Hong Kong

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HSBC Gold Token to Democratise Gold Investment for Retail Customers in Hong Kong

HSBC has unveiled the HSBC Gold Token for its retail customers in Hong Kong. This development introduces tokenised gold to the retail market, accessible through the bank’s online and mobile platforms. The HSBC Gold Token, which represents physical gold ownership

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How Has FPS Hong Kong Transformed the Payment Experience?

The introduction of the Faster Payment System (FPS) in Hong Kong has significantly transformed the landscape of financial transactions within the region, offering a testament to the city’s adaptability and forward-thinking approach in the fintech domain. Since its inception in

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e-HKD: How Hong Kong’s Digital Currency Might Change How We Think About Money

In the ever-changing world of finance, we’re standing at the brink of a transformation that’s as profound as it is wide-reaching. At the heart of this seismic shift is Hong Kong, where the global pulse of finance meets cutting-edge technology.

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The Bank of East Asia Leverages CDI for Efficient SME Credit Evaluations

The Bank of East Asia (BEA) has announced a collaboration with PingAn OneConnect Credit Reference Services Agency (HK) Limited (PAOCCRA) to enhance the credit evaluation process for SMEs in the trade sector. This initiative leverages the Commercial Data Interchange (CDI)

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Project Aurum Phase Two Focuses on Privacy for Retail CBDCs

The BIS Innovation Hub Hong Kong Centre, in collaboration with the Hong Kong Monetary Authority (HKMA), has initiated the second phase of Project Aurum. This phase aims to explore and enhance privacy measures for retail central bank digital currencies (CBDCs).

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GSBN Partners Ant to Digitise Shipping Processes in Hong Kong’s wCBDC Project

The Global Shipping Business Network (GSBN), in partnership with Ant Group, has developed a prototype electronic bill of lading (eBL) to digitise the longstanding paper-based processes in the shipping industry. According to GSBN CEO Bertrand Chen, this advancement is part

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HKMA Alerts Public to Fraudulent Claims Regarding e-HKD Pilot Programme

The Hong Kong Monetary Authority (HKMA) advises the public to exercise caution following reports of entities falsely claiming involvement in the e-HKD Pilot Programme. These entities have promoted e-HKD-related investment opportunities to attract investors under pretenses. The HKMA will officially

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Hong Kong Monetary Authority Launches Stablecoin Issuer Sandbox

The Hong Kong Monetary Authority (HKMA) announced the launch of a sandbox arrangement for stablecoin issuers today. This initiative establishes a communicative platform between the HKMA, and entities interested in issuing fiat-referenced stablecoins in Hong Kong. It is designed to

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