Tagged: hkma

August 16, 2025 @ 7:18 pm By Michael Wong  |  

Hong Kong’s central bank and securities regulator issued a joint warning against speculative trading driven by stablecoin licensing announcements and social media posts. The Hong Kong Monetary Authority and Securities and Futures Commission said they observed market movements linked to corporate announcements, news reports, and… Read More

July 30, 2025 @ 11:03 pm By Omar Faridi  |  

The Hong Kong Monetary Authority (HKMA) announced the implementation of a regulatory framework for stablecoin issuers, set to take effect on August 1, 2025. This move underscores Hong Kong’s commitment to fostering Fintech advancements in the digital asset space while ensuring financial stability and consumer… Read More

July 14, 2025 @ 11:16 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) has issued a public warning after receiving multiple enquiries about fraudulent documents falsely claiming to be issued by the city’s banking regulator. The incident underscores growing concerns over financial scams targeting investors by impersonating official agencies. In a statement,… Read More

June 21, 2025 @ 8:27 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBoC) announced the official launch of Payment Connect, a new cross-boundary payment system linking Hong Kong’s Faster Payment System (FPS) and Mainland China’s Internet Banking Payment System (IBPS). The service will go live… Read More

June 8, 2025 @ 4:55 pm By Michael Wong  |  

Hong Kong will implement its new Stablecoins Ordinance on August 1, formalizing the city’s regulatory framework for stablecoin-related activities and introducing a licensing regime aimed at strengthening oversight of the fast-growing digital asset sector. The ordinance, which was officially gazetted on May 30, is a… Read More

June 1, 2025 @ 11:22 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) and the School of Business and Management at the Hong Kong University of Science and Technology (HKUST Business School) have signed a memorandum of understanding (MoU) to jointly advance cybersecurity innovation tailored to the evolving needs of the financial… Read More

May 21, 2025 @ 7:45 am By JD Alois  |  

The Hong Kong government approved stablecoin legislation today. The new law provides for fiat-referenced stablecoins (FRC) for issuers in Hong Kong. The goal is to further enhance Hong Kong’s “virtual asset activities.” The new rules will come into effect this year. The Stablecoins Ordinance requires… Read More

April 12, 2025 @ 11:13 am By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA), Hong Kong Police Force (HKPF), and The Hong Kong Association of Banks (HKAB) jointly announced a series of measures aimed at enhancing the prevention and detection of financial crime, including fraud and money laundering. Authorities are responding to a… Read More

April 8, 2025 @ 11:48 am By Omar Faridi  |  

Euroclear is pleased to announce its participation in the Hong Kong Monetary Authority’s (HKMA) Project Ensemble. Project Ensemble, launched in March 2024, is a HKMA initiative aimed at fostering and “shaping the tokenization ecosystem in Hong Kong.” This project brings together professionals and industry veterans… Read More

April 7, 2025 @ 9:59 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) released statistics for the second quarter of 2024 on stored value facility (SVF) schemes, showing continued growth in both usage and transaction value. By the end of Q2 2024, the total number of SVF accounts in use reached 75.36… Read More

February 18, 2025 @ 3:33 pm By Omar Faridi  |  

Standard Chartered Bank (LON: STAN), Animoca Brands, and HKT have entered into agreements to establish a joint venture with the intention to apply for a license from the Hong Kong Monetary Authority (HKMA) in the new regulatory regime in order to issue “a Hong Kong… Read More

January 12, 2025 @ 10:32 pm By Omar Faridi  |  

The Hong Kong Monetary Authority (HKMA) launched the Supervisory Incubator for Distributed Ledger Technology to help banks responsibly unlock the transformative potential of distributed ledger technology (DLT). The Incubator is a supervisory arrangement designed to help banks maximize the “potential benefits” of DLT adoption by… Read More

December 20, 2024 @ 9:41 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) and the Central Bank of the United Arab Emirates (CBUAE) held their second bilateral meeting, reinforcing cooperation and connectivity between the financial services sectors of the two jurisdictions. Building on the initial bilateral meeting held in Abu Dhabi in… Read More

November 14, 2024 @ 3:38 pm By Omar Faridi  |  

HKMA and multilateral organizations aim to enhance strategic partnership for climate investment in Asia. The Hong Kong Monetary Authority joined hands with multilateral organizations, including the Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), and International Finance Corporation (IFC), a member of the World… Read More

November 3, 2024 @ 9:42 pm By Michael Wong  |  

The Public Investment Fund (PIF) and the Hong Kong Monetary Authority (HKMA) have signed a memorandum of understanding (MoU) at the Future Investment Initiative (FII) 8th Edition in Riyadh to jointly anchor a proposed $1 billion investment fund. The initiative, announced on October 31, is… Read More

October 26, 2024 @ 3:14 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) has launched the IADS Developer Platform, a collaborative venture with the Hong Kong Science and Technology Parks Corporation (HKSTP) aimed at fostering innovation between banks and technology firms. This new platform, part of the Interbank Account Data Sharing (IADS)… Read More

October 23, 2024 @ 5:05 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA) has launched its Sustainable Finance Action Agenda, outlining a comprehensive strategy to reinforce Hong Kong’s standing as a leading sustainable finance hub in the region. The initiative aims to support the sustainable development of Asia and beyond by setting… Read More

October 21, 2024 @ 11:21 pm By Omar Faridi  |  

CMU OmniClear Limited, a wholly-owned subsidiary of the Hong Kong Monetary Authority (HKMA) and SIX signed a Memorandum of Understanding (MOU) for cooperation in securities depository and settlement to foster the growth of cross-border investment. Based on the MOU, the two parties will now aim… Read More

October 19, 2024 @ 4:19 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA), in collaboration with the banking sector, announced several measures to support small and medium-sized enterprises (SMEs) in their development, upgrade, and transformation. Aimed at enhancing competitiveness and productivity, these initiatives come as SMEs navigate changing market conditions. Since launching… Read More

October 18, 2024 @ 5:54 pm By Omar Faridi  |  

HKMA has recently introduced several different strategic measures to support SMEs’ development, upgrade and transformation. The Hong Kong Monetary Authority (HKMA), together with the banking sector, introduced measures in order to further support, via financing as well as banking products and services, the “continuous development”… Read More