hkma

HKMA and the PBOC to further support the expansion of use cases of the digital yuan in Hong Kong, targeting local consumers and travellers.

As cases spike, the Hong Kong Monetary Authority is stepping up efforts to tackle fraud in an evolving banking landscape such as the use of the Faster Payment System.

Hong Kong’s regulatory landscape for digital asset custody remains fragmented. While industry players welcome greater clarity, striking the balance with growth is crucial.

Experts share insights around the value potential of a digital currency, following the HKMA’s publication of an initial report on the pilot.

The regulator has teamed up with 16 market participants to explore the viability of CBDC implementation. However, questions around interoperability, monetary sovereignty and the role of the traditional banking system remain.

Set to go live from May 15, the mutual market derivatives initiative marks a world first for international trading that is set to facilitate the increased internationalisation of renminbi.

The central banks of both jurisdictions have issued statements on the back of Credit Suisse’s merger with UBS that saw $17 billion in AT1 bonds wiped out.

Former executives from the HKMA and SFC will replace outgoing HKEX board members, from April.

The transaction achieves a global first for any government issuer and marks the first tokenised bond to be issued under Hong Kong law.