Hong Kong Monetary Authority

81 results about this entity

Period: 21 Aug 2007 - 08 Nov 2024

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HKMA grants four more virtual banking licences

The Hong Kong Monetary Authority (HKMA) announced today (9 May 2019) that the Monetary Authority has granted banking licences under the Banking Ordinance to Ant SME Services (Hong Kong) Limited, Infinium Limited, Insight Fintech HK Limited and Ping An OneConnect Company Limited for them to operate in the form of a virtual bank.

WeLab becomes first homegrown player to get Hong Kong virtual banking license

Mobile lender WeLab has become the fourth - and first homegrown - applicant to be granted one of Hong Kong's new virtual banking licenses.

Hong Kong doles out first virtual banking licences

The Hong Kong Monetary Authority (HKMA) has unveiled the first batch of virtual banking licenses, the latest in a series of moves to help spark innovation in the city and strengthen Hong Kong’s position as an international financial hub.

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Hong Kong central bank fines JPMorgan Chase for money laundering failures

The Monetary Authority reprimands and fines JPMorgan Chase Bank, National Association, Hong Kong Branch for contraventions of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance.

Hang Seng completes pilot trade transaction on new blockchain platorm

Hang Seng Bank has completed a pilot trade transaction for two corporate customers through eTradeConnect, a trade finance blockchain platform in Hong Kong.

Hong Kong faster payment platform goes live

Hong Kong has joined the faster payments club, launching a system that lets users send money nearly instantly to recipients using a mobile number or email address as an account proxy.

Hong Kong Monetary Authority embraces Open APIs

The Hong Kong Monetary Authority has released an Open API framework, paving the way for bank data sharing with third party vendors.

Hong Kong plans September go-live for blockchain-based trade finance

A coalition of leading transaction banks in Hong Kong are plotting a September go-live date for a blockchain-based trade finance platform, supported by the territory's central bank.

HKMA appoints fintech czar

The Hong Kong Monetary Authority (HKMA) announced today (29 June) that the Financial Secretary, on the advice of the Governance Sub-Committee of the Exchange Fund Advisory Committee, has approved the appointment of Mr Colin Pou as Executive Director (Financial Infrastructure) with effect from 29 October 2018.

Abu Dhabi and Hong Kong sign fintech pact

Abu Dhabi Global Market, the International Financial Centre in Abu Dhabi, and the Hong Kong Monetary Authority signed a co-operation agreement today to jointly promote and enable financial services innovation, and accelerate cross-border FinTech business opportunities in Hong Kong and the United Arab Emirates (UAE).

Standard Chartered applies for virtual banking licence in Hong Kong

Standard Chartered is to set up a digital banking operation in Hong Kong.

Hong Kong publishes revised guidelines on authorisation of virtual banks

The Hong Kong Monetary Authority (HKMA) published today a revised Guideline on Authorization of Virtual Banks (the Guideline) following the completion of a public consultation.