Hong Kong Monetary Authority - News, Articles & Research

Hong Kong Monetary Authority fines Fubon Bank HK$4m

Fubon Bank has been fined HK$4 million by the Hong Kong Monetary Authority (HKMA) for violation of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO).

08 November 2024

Company announcement/payments

HKMA partners with central banks in Thailand and Brazil on cross-border tokenization initiatives

The Hong Kong Monetary Authority (HKMA) announced its collaboration with the Bank of Thailand (BOT) to explore cross-border tokenisation use cases under Project Ensemble and Project San.

28 October 2024

Company announcement/markets

CMU OmniClear and SIX ink MoU

CMU OmniClear Limited (CMU OmniClear), a wholly-owned subsidiary of the Hong Kong Monetary Authority (HKMA) and SIX signed a Memorandum of Understanding (MOU) today (18 October) for cooperation in securities depository and settlement to foster the growth of cross-border investment.

22 October 2024

News/regulation

Hong Kong regulator launches tokenisation pilot

The Hong Kong Monetary Authority (HKMA) has started the second phase of its digital Hong Kong dollar pilot study.

24 September 2024

Company announcement/crypto

Hong Kong moves on to phase 2 of e-HKD pilot programme

The Hong Kong Monetary Authority (HKMA) today (23 September) commenced Phase 2 of the e-HKD Pilot Programme (Phase 2) to delve deeper into innovative use cases for new forms of digital money, including e-HKD and tokenised deposits, that can potentially be used by individuals and corporates.

23 September 2024

Company announcement/payments

GSBN to trial Bill of Lading tokenisation in Hong Kong

Global Shipping Business Network (GSBN), a neutral, not-for-profit consortium enabling paperless, accessible and sustainable growth in global trade with its data infrastructure and ecosystem of partners, has officially joined the Hong Kong Monetary Authority’s (HKMA) Project Ensemble to test its electronic Bill of Lading (eBL) tokenisation use case with Ant Digital Technologies and conduct interbank atomic settlement of tokenised deposits between the Hongkong Shanghai Banking Corporation (HSBC) and Hang Seng Bank (Hang Seng).

28 August 2024

Company announcement/payments

Ant International and Ant Digital Technologies joins HKMA’s Project Ensemble sandbox

The Hong Kong Monetary Authority (HKMA) today announced the launch of the Project Ensemble Sandbox (the Sandbox) and introduced four main themes of tokenization use cases.

28 August 2024

Company announcement/wholesale

HKMA launches tokenisation sandbox

The Hong Kong Monetary Authority (HKMA) hosted today (28 August) the launch ceremony for Project Ensemble Sandbox and introduced four main themes of asset tokenisation use cases for the initial round of experimentation (see Annex), marking a significant step forward in the advancement of tokenisation in real-world application within the financial sector.

28 August 2024

Company announcement/ai

Hong Kong central bank opens GenAI sandbox

The Hong Kong Monetary Authority (HKMA), in collaboration with the Hong Kong Cyberport Management Company Limited (Cyberport), announced the launch of the new Generative Artificial Intelligence (GenA.I.) Sandbox today (13 August) at FiNETech2, the second edition of the FiNETech series.

14 August 2024

News/crypto

Standard Chartered joins Hong Kong stablecoin sandbox

Standard Chartered is among the firms picked to join Hong Kong's new stablecoin issuer sandbox. The announcement comes a day after the island's regulators said they will soon propose a regulatory regime for stablecoin issuers.

19 July 2024

Company announcement/crypto

HKMA wins broad support for stablecoin legislation

The Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) jointly issued today (17 July) the consultation conclusions on the legislative proposal to implement a regulatory regime for fiat-referenced stablecoin (FRS) issuers in Hong Kong.

17 July 2024

News/payments

Banque de France and HKMA kick off cross-border CBDC project

The Hong Kong Monetary Authority is to become the first central banking institution outside of the EU to participate in the European Central Bank's digital euro exploratory project.

08 July 2024