Tag: Hong Kong
HKMA reveals details on FinTech training subsidy pilot
The Hong Kong Monetary Authority (HKMA) has announced the details of its pilot scheme on training subsidies for FinTech practitioners.
HKMA unveils tougher regulations for BNPL sector
The Hong Kong Monetary Authority (HKMA) has issued a circular to banks on buy now pay later (BNPL) products to implement new consumer protection measures.
Hong Kong introduces subsidies to help bolster FinTech competitivity
The Hong Kong government is planning to bring in a range of financial incentives to address skill shortages in the FinTech sector.
Hong Kong’s SFC calls for regulation on NFT-based investment schemes
Hong Kong’s Securities and Futures Commission has said that some NFTs that constitute investment products will have to be regulated.
Hong Kong police arrest 17 over money laundering syndicate plan
Hong Kong police have arrested 17 people and broke apart a syndicate that has been laundering HK$97m over the past 16 months.
HKMA proposes bank-like regulations on stablecoins
The Hong Kong Monetary Authority (HKMA) has called for the regulation of fiat-currency backed stablecoins similar to that of banks.
Could 2022 be the year of the CBDC?
With the rise of cryptocurrencies showing no signs of slowing down, the growth of central bank digital currencies (CBDC) appears to be another trend on the ascendancy. Will 2022 prove to be a red-letter year for CBDC adoption?
HKMA publishes pilot climate risk stress test results
Climate risk stress tests by the Hong Kong Monetary Authority (HKMA) have found climate risks could cause significant adverse impacts on the banking sector under extreme scenarios.
HKMA to develop sustainable finance module for banking professionals
The Hong Kong Monetary Authority (HKMA) will develop a green sustainable finance module for banking practitioners following recommendations from Hong Kong’s Green and Sustainable Finance Cross-Agency Steering Group.
Hong Kong seeks global ESG standard adoption to reduce greenwashing
The chairman of Hong Kong’s Securities and Futures Commission (SFC) has revealed the regulator is looking to adopt global ESG standards to prevent cases of greenwashing.
