Tag: Hong Kong
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.
Hong Kong has secured $3bn through the sale of denominated green...
The government of Hong Kong has revealed it has raised $3bn through the sale of green bonds denominated in US dollars and Euros.
HKMA reprimands four Asian banks due to AML abuses
The Hong Kong Monetary Authority (HKMA) has disciplined four banks due to anti-money laundering (AML) violations for a total imposed penalty of HKD$44.2m.
Hong Kong Stock Exchange publishes updated ESG, corporate governance guidance
The Stock Exchange of Hong Kong (HKEX) has published guidance on climate disclosures as well as an analysis of corporate governance and ESG practice disclosure across 2020-2021.
Hong Kong, mainland China to link regulatory sandbox to aid cross-border...
The monetary authorities in Hong Kong and China have agreed to create a one-stop sandbox platform to help companies develop cross-border FinTech products quicker.
HKMA initiates first CBDC steps with whitepaper launch
The Hong Kong Monetary Authority (HKMA) has begun the first steps of exploring a central bank digital currency (CBDC) with the release of a technical whitepaper.
Hong Kong’s SFC unveils consultation conclusion on AML/CFT guideline amendments
Hong Kong’s Securities and Futures Commission (SFC) has published the conclusion of a consultation to amend its anti-money laundering and counter terrorism financing guidelines.
