Tagged: hkma

October 31, 2026 @ 4:19 pm By Michael Wong  |  

Hong Kong bank deposits rose 0.4% in September, supported by an increase in foreign currency holdings, while Hong Kong dollar deposits declined, according to data from the Hong Kong Monetary Authority (HKMA). Total deposits with authorised institutions increased 0.4% during the month. Hong Kong dollar… Read More

October 25, 2026 @ 7:07 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) will increase the liquidity available to banks participating in its offshore yuan market scheme to 22 billion yuan ($3.1 billion) from 20 billion yuan, appointing 12 banks as primary liquidity providers for a new two-year term. The designations will… Read More

October 17, 2026 @ 1:50 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) has introduced a framework to guide the responsible use of artificial intelligence (AI) in the banking sector. The move comes as as financial institutions explore AI systems capable of planning and executing tasks with greater autonomy. The “ART” Framework… Read More

September 26, 2026 @ 12:39 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) and Bank Indonesia (BI) have signed a memorandum of understanding to strengthen cooperation on QR code-based cross-border payments between Hong Kong and Indonesia, as both sides seek to make transactions faster and more affordable. The MoU aims to establish… Read More

September 22, 2026 @ 4:53 am By Michael Wong  |  

The number of credit cards in circulation in Hong Kong rose 36.1% year-on-year to 31.03 million at the end of the second quarter, while the value of credit card transactions increased 6.8%, data from the Hong Kong Monetary Authority (HKMA) showed. Credit card transactions reached… Read More

September 7, 2026 @ 3:02 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) has warned the public to stay alert to phishing scams involving the unauthorised binding of payment cards, including ATM cards, to contactless mobile payment services. The HKMA said it recently received reports from banks of scams in which fraudsters… Read More

September 1, 2026 @ 9:17 am By Michael Wong  |  

Deposits held with Hong Kong banks increased in July, while renminbi deposits and cross-border trade settlements recorded stronger growth, according to data released by the Hong Kong Monetary Authority (HKMA). Total deposits with authorized institutions rose 0.9% in July 2026, with Hong Kong dollar and… Read More

August 30, 2026 @ 2:20 am By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA), the ASEAN+3 Macroeconomic Research Office (AMRO), the Asian Development Bank Institute (ADBI) and The South East Asian Central Banks Research and Training Centre (SEACEN Centre) held their fourth Financial Leadership Training Program in Hong Kong from Aug. 25 to… Read More

August 2, 2026 @ 6:01 pm By Michael Wong  |  

Total deposits held with Hong Kong’s authorized institutions rose 0.1% in June from the previous month, as growth in Hong Kong dollar deposits offset a decline in foreign currency deposits, while bank lending continued to strengthen, official data showed. Figures released by the Hong Kong… Read More

June 22, 2026 @ 12:06 am By Omar Faridi  |  

Hong Kong Exchanges and Clearing Limited (HKEX) and the Hong Kong Monetary Authority (HKMA) have jointly announced the launch of a pilot project on 18 June 2026. This initiative explores an innovative digital payment option designed to support margin requirements during the after-hours trading (AHT)… Read More

June 20, 2026 @ 1:16 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA), Hong Kong’s central bank, said it is comimtted to advancing innovation that enhances efficiency and resilience. In a statement, HKMA deputy chief executive Howard Lee reaffirmed the commitment as Hong Kong’s financial infrastructure evolves to meet the growing demands… Read More

June 16, 2026 @ 6:48 am By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) is stepping up efforts to promote tokenization among corporate treasury centers, as the financial hub seeks to strengthen its position in digital finance and expand the use of blockchain-based transactions. The central bank this week hosted a seminar on “Corporate… Read More

June 9, 2026 @ 3:07 am By Michael Wong  |  

Hong Kong’s central bank and securities regulator said they will proceed with proposed amendments to clearing rules for over-the-counter derivative transactions, after a joint consultation received broad market support. The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) issued consultation conclusions… Read More

June 8, 2026 @ 1:50 am By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) said it had convened a Tokenised Bond Expert Group comprising representatives from industry associations, financial institutions, legal advisory firms, and financial infrastructure and technology providers to drive further adoption and scalability of tokenised bonds in the city. The group… Read More

June 2, 2026 @ 5:40 pm By Michael Wong  |  

Hong Kong’s monetary authority said it will develop a Digital Asset Platform later this year to support the issuance and settlement of digital bonds and, in the future, other digital assets. The move comes as the city looks to deepen its role as a “super… Read More

May 31, 2026 @ 11:55 am By Michael Wong  |  

Hong Kong’s monetary authority said regulated stablecoins in the city are expected to be launched in the next few months, as it moves digital finance initiatives from experimentation to real-value transactions. Howard Lee, deputy chief executive of the Hong Kong Monetary Authority, said Hong Kong’s… Read More

May 2, 2026 @ 8:01 am By Michael Wong  |  

The Hong Kong Monetary Authority has warned the public about tokens falsely claiming to be linked to licensed stablecoin issuers, as the city begins rolling out its regulated stablecoin framework. The HKMA said tokens using the tickers “HKDAP” and “HSBC” have appeared in the market,… Read More

April 26, 2026 @ 12:04 am By Omar Faridi  |  

Elliptic noted that the Hong Kong Monetary Authority (HKMA) has issued its inaugural pair of stablecoin issuer licenses. The approvals, announced on April 10, 2026, came just eight months after the territory’s Stablecoins Ordinance officially launched on August 1, 2025. The two recipients—global banking leaders… Read More

March 23, 2026 @ 12:24 am By Michael Wong  |  

Credit card circulation and spending in Hong Kong rose sharply in the fourth quarter of 2025, with overseas retail spending posting the fastest growth, as consumers stepped up card use toward year-end, official data showed. The Hong Kong Monetary Authority said that the total number… Read More

March 12, 2026 @ 1:55 am By Omar Faridi  |  

The Hong Kong Monetary Authority (HKMA) shared that the research arm of Hong Kong’s financial academy has launched an analysis shedding light on the transformative potential within the family office segment of the wealth industry. Released this month, the Applied Research publication from the Hong… Read More