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Hkma
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
Exness wins “Best Retail FX Broker” at Finance Magnates London
Thought Leadership
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
Exness wins “Best Retail FX Broker” at Finance Magnates London
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Regulation
Banking Giant Committed Violations for 7 Years, Now Faces Punishment
2024-07-08T14:36:49.090+02:00
Hong Kong's monetary authority fined DBS Bank for anti-money laundering compliance failures.
The bank's lapses included inadequate monitoring of high-risk customers.
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CryptoCurrency
Is Crypto Now for Pros Only? Hong Kongs Leaves Investors Guessing
2023-10-23T10:18:08.657+02:00
Hong Kong's SFC and HKMA revise guidelines on intermediaries' virtual asset activities.
The newest circular sends mixed signals to the crypto industry.
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CryptoCurrency
Hong Kong Set to Legalize Crypto?
2022-10-27T13:24:58.744+02:00
Hong Kong wants to offer crypto trading services to retail customers in March 2023.
Partial legalization of the industry is expected to attract talent to the City again.
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News
Hong Kong Central Bank Launches AML RegTech Platform
2021-11-05T15:34:09.000+02:00
The platform will use Network Analytics to further curb the risks of money laundering.
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News
Hong Kong, Thailand Central Banks Mull Over Digital Currencies
2020-01-22T13:49:38.000+02:00
Multiple central banks recently formed a consortium to study CBDC.
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News
HK, China Authorities Sign MoU on Adopting Blockchain in Finance
2019-11-06T13:24:26.000+02:00
The collaboration was announced after the President of the country urged everyone to capitalize on blockchain technology.
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News
HKMA Inks MoU with France’s ACPR to Support Fintech Innovation
2019-07-05T13:46:01.000+02:00
The agencies believe the enhanced collaboration will be mutually beneficial.
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Celeste Skinner
Regulation
Hong Kong Regulators Release Consultation on OTC Derivatives
2019-04-26T23:06:12.000+02:00
Regulators have been also stepping up their compliance to enforce anti-money laundering rules.
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Aziz Abdel-Qader
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Regulation
HKMA Slaps $1.6M Fine on JPMorgan Hong Kong over AML Breaches
2018-12-28T20:18:30.000+02:00
An HKMA investigation found JPMorgan Hong Kong has breached six provisions of AML and terrorist financing rules.
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Regulation
Hong Kong Monetary Authority and Polish KNF Agree to Fintech Collaboration
2018-03-09T12:10:15.000+02:00
The two regulatory authorities will share research projects and exchange information.
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Finance Magnates Staff
Regulation
HKMA and HSBC Warn Public Against Phishing Attempts
2017-08-18T14:15:23.000+02:00
Phishing is an attempt to dupe clients into revealing their personal financial details through fake emails and websites.
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Colin Firth
News
FCA Inks Fintech Deal with HKMA to Foster Financial Innovation
2016-12-07T16:07:33.000+02:00
The two regulators will work together on initiatives aimed at reducing the barriers for start-up firms.
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Finance Magnates Staff
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News
HKMA to Establish Fintech Innovation Hub and “Sandbox”
2016-09-06T14:55:00.000+02:00
The watchdog is concerned that the city is losing ground to China, Australia and Singapore in the fintech race.
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Executive Moves
HKMA Adds Bao Mingyou as its Senior Advisor to Kindle China, HK Cooperation
2016-02-16T11:26:36.000+02:00
Mr. Mingyou will be helping fill a void created by Huo Yingli – the appointment was approved and backed by the People's Bank of China (PBoC).
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Jeff Patterson
Analysis
New Primary Offshore Renminbi LPs Appointed by Hong Kong's Monetary Authority
2014-11-03T10:19:59.000+02:00
The offshore renminbi market in Hong Kong continues its development adding primary liquidity providers as a new swap agreement deal between the Hong Kong Monetary Authority and the People's Bank of China is incoming.
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Victor Golovtchenko
Analysis
Hong Kong Monetary Authority Takes Emergency Measures as Anti-Beijing Protest Rocks the Island
2014-09-29T11:51:17.000+02:00
Huge pro democracy demonstrations in Hong Kong force the de-facto central bank of the Chinese financial hub to order commercial banks to shut down branches and activate their business continuity plans.
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Avi Mizrahi
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Executive Moves
Former Executive Director, Dong He, Parts Ways with HKMA for IMF
2014-09-01T16:48:54.000+02:00
The Hong Kong Monetary Authority (HKMA) has revealed that Executive Director, Dong He, has announced his resignation to leave the HKMA to join the International Monetary Fund (IMF), effective October 18.
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Regulation
Hong Kong Edges Closer to Mandatory Reporting of OTC Derivatives
2014-07-19T17:30:40.000+02:00
Hong Kong’s two main financial markets and banking regulatory authorities have a issued a 1-month consultation on OTC derivatives, mandatory reporting and record-keeping obligations will be addressed.
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Products
FXCM Launches USD/CNH Pair to Clients As Interest in China's Off-shore Renminbi Builds
2014-04-09T11:00:55.000+02:00
US-based FX Broker listed on the NYSE under ticker symbol FXCM, has today announced the launch of the US Dollar versus the Chinese Yuan, as a pair for clients to trade the offshore Renminbi as interest in it grows.
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Steven Hatzakis
Technology
MarkitSERV Joins Hong Kong’s Trade Repository
2013-12-20T16:52:17.000+02:00
MarkitSERV will connect to Hong Kong Monetary Authority’s trade repository system, the new surveillance function went live in December. The trade repository comes into practise in an attempt to manage OTC transactions.
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Regulation
The Rise of the Renminbi. Hong Kong & Malaysia Court Banks For Global RMB Business
2013-12-08T11:57:17.000+02:00
The Hong Kong Monetary Authority has announced the initiation of a dialog between itself and Malaysia's private sector in order to discuss methods of settling trades in RMB and involving overseas banks.
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Andrew Saks McLeod
Analysis
HKEx Taps MarkitSERV from Markit, for OTC Rates and FX Clearing, Connects CCP Solution
2013-11-25T20:06:01.000+02:00
Global provider of financial information services strikes a deal with a major stock and derivatives exchange in Asia, as it broadens its coverage in the region, and adding to its global OTC clearing gateway.
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Steven Hatzakis
Regulation
HKMA Issues Consultation Paper On OTC Derivatives - IBs & MAMs In Spotlight
2013-09-08T13:46:22.000+02:00
Subsequent to responses from major industry organizations and financial institutions, the Hong Kong Monetary Authority has issued a consultation paper relating to how OTC derivatives should be overseen.
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Andrew Saks McLeod
Regulation
HKMA Releases Full International FX Reserve Asset And Liquidity Data
2013-09-02T09:31:50.000+02:00
Hong Kong's financial markets regulator the HKMA yesterday announced full statistical data on FX assets and currency liquidity within its jurisdiction for the month of July 2013.
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Andrew Saks McLeod
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Regulation
Hong Kong Monetary Authority Releases Foreign Currency Reserves for June 2013
2013-07-07T11:15:29.000+02:00
Each month, Hong Kong's financial markets regulator lists the amount of FX reserve assets held within the nation's financial system. Nation has held over US$300 billion consistently over last 6 months.
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See more
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