Tagged: hkma

January 5, 2026 @ 10:09 pm By Omar Faridi  |  

Hong Kong’s financial authorities are joining forces to accelerate the integration of artificial intelligence and fintech innovations across multiple sectors in the coming years. The Hong Kong Monetary Authority (HKMA), led by Chief Executive Eddie Yue Wai-man, is actively engaging with the Securities and Futures… Read More

December 28, 2025 @ 10:43 pm By Michael Wong  |  

Hong Kong regulators launched an intellectual property (IP) financing sandbox aimed at helping banks and companies test how patents, trademarks and copyrights can be used as collateral, as the city looks to widen funding options for innovation-led businesses. The Hong Kong Monetary Authority, working with… Read More

December 20, 2025 @ 10:58 am By Michael Wong  |  

Credit card usage in Hong Kong rose sharply in the third quarter of 2025, with both the number of cards in circulation and transaction volumes climbing, while debit card activity declined, data released by the territory’s central banking authority showed. Figures published by the Hong… Read More

November 29, 2025 @ 6:26 am By Michael Wong  |  

Hong Kong’s banking industry has rolled out a package of emergency relief measures for residents affected by a No. 5 alarm fire in Tai Po, including a six-month repayment grace period on mortgages and other consumer loans, the Hong Kong Monetary Authority (HKMA) said. The… Read More

November 16, 2025 @ 6:51 pm By Omar Faridi  |  

The Hong Kong Monetary Authority (HKMA) announced the launch of EnsembleTX, officially marking the start of the pilot phase of Project Ensemble.  This latest milestone unveiled by the HKMA represents an advancement in enabling real-value transactions involving tokenised deposits as well as digital assets within… Read More

October 9, 2025 @ 10:53 pm By Omar Faridi  |  

The Hong Kong Monetary Authority (HKMA), in collaboration with the Hong Kong Science and Technology Parks Corporation (HKSTP), announced the launch of the IADS Developer Hackathon and held the Kick-off Ceremony, marking the beginning of a journey to foster tech breakthroughs and advancements for the… Read More

September 8, 2025 @ 10:50 pm By Omar Faridi  |  

The Hong Kong Monetary Authority (HKMA) has taken significant steps to bolster Hong Kong’s position as a global hub for sustainable finance, with two key initiatives announced in September 2025. The launch of a public consultation on the Phase 2A prototype of the Hong Kong… Read More

September 5, 2025 @ 1:22 am By Omar Faridi  |  

The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) recently released the findings of their annual joint survey on the distribution of non-exchange-traded investment products, showing record sales and level of market participation for these products during 2024. Total transaction amount… Read More

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