News list for " hkma"
The Chief Executive of the Hong Kong Monetary Authority, Yu Weiwen, said that the investment of the Exchange Fund should consider liquidity, stability, long-term returns and diversification benefits. He revealed that he currently allocates metals and mainland assets, but has no intention of allocating virtual assets.
The HKMA and the People's Bank of China have announced the expansion of the scope of digital RMB in Hong Kong, allowing Hong Kong residents to open personal digital RMB wallets (digital wallets) on their mobile phones. It is expected to launch related services around the middle of this year.
On January 14, the HKMA (HKMA) recently allowed digital banks to open physical branches, a move that Hong Kong's largest digital bank, ZA Bank, is considering to improve customer experience and transaction processes. The establishment of physical branches will enhance the competitiveness and customer trust of digital banks, promote financial inclusion, and accelerate the development of the industry. At the same time, the HKMA has also launched the "Distributed Ledger Technology Regulatory Incuba...
On January 13, Pan Gongsheng, Governor of the People's Bank of China, delivered a speech at the opening ceremony of the Asian Financial Forum, expressing his support for the Hong Kong Monetary Authority to launch the RMB trade financing liquidity arrangement. On the basis of the existing RMB liquidity arrangement framework, use swap funds to add RMB trade financing liquidity arrangements for terms of 1 month, 3 months and 6 months, with a total amount of 100 billion yuan, providing a stable and ...
Hong Kong's central bank, the HKMA, has launched a scheme to subsidize part of the cost of issuing tokenized bonds, aiming to encourage greater adoption of tokenization in its capital markets. According to the Nov. 28 announcement and accompanying guidance, HKMA's Digital Bond Funding Scheme (DBGS) will provide a subsidy of up to 50% of "qualifying expenses" for each eligible digital bond issue, subject to a maximum amount. Hong Kong Financial Management...
The Hong Kong Monetary Authority has called on the public to be vigilant about certain offshore crypto-asset institutions that are not licensed banks in Hong Kong. They claim to be "banks" in Hong Kong or use the word "bank" when describing their products or services. These behaviors can...
The Hong Kong Monetary Authority cut the base rate by 25 basis points to 5% after the Federal Reserve announced a 25 basis point cut in the early morning.
The Hong Kong Monetary Authority today announced that it is partnering with the Central Bank of Brazil to conduct a cross-border tokenization trial under the Ensemble project and the Drex pilot scheme. The two sides' experimental central bank digital currency (CBDC) infrastructure, namely the Ensemble sandbox and Drex pilot platform, will be connected to explore the use cases of cross-border simultaneous settlement (PvP) and DvP settlement in areas such as trade finance and voluntary emission re...
