Hong Kong Monetary Authority

82 results about this entity

Period: 21 Aug 2007 - 01 Aug 2025

Banks drive ahead with blockchain project for syndicated loans market

Vendor Synaps Loans and a group of banks working under the R3 blockchain banner, say they have made big progress in an initiative to apply distributed ledger technology to an overhaul of the antiquated and costly manual intervention in the $3 trillion global syndicated loans market.

FCA and HKMA agree fintech collaboration pact

The UK’s Financial Conduct Authority (FCA) and the Hong Kong Monetary Authority (HKMA) have entered into a Co-operation Agreement (Agreement) to foster collaboration between the two regulatory authorities in promoting financial innovation.

HKMA to set up fintech sandbox and innovation hub

The Hong Kong Monetary Authority is to set up a fintech innovation hub and supervisory sandbox, following in the footsteps of regulatory bodies in the UK, Australia and Singapore.

Hong Kong central bank warns of bitcoin dangers as MyCoin disappears without trace

Hong Kong's central bank has warned the public about investing in bitcoin after local media reports that a virtual currency exchange operator may have scarpered with $387 million in client funds.

Banks shut branches and ATMs as Hong Kong unrest grows

Several banks in Hong Kong, including Standard Chartered, have shut down branches and ATMs and advised customers to use online and mobile services, as tensions between pro-democracy demonstrators and police on the island grow.

Hong Kong signs for Swift RTGS backup system

Hong Kong Interbank Clearing Limited (HKICL) has signed up to deploy Swift's new Market Infrastructure Resiliency Service (MIRS), which provides a backup to the territory's real time gross settlement (RTGS) system in the event of a catastrophic breakdown.

Hong Kong banks agree mobile NFC standards

The Hong Kong Association of Banks (HKAB) has issued a set of common standards and recommended best practice guidelines for banks setting up mobile NFC payment services.

Hong Kong builds e-bill system; ponders NFC m-payments infrastructure

The Hong Kong Monetary Authority (HKMA) has laid out plans for an electronic bill system and promised to explore the creation of an interoperable NFC mobile payment infrastructure.

Hong Kong and China plot cross-border e-money scheme

The Hong Kong Monetary Authority is hatching a scheme to create a common cross-border e-money card and eftpos framework for transit and small value payments in the Pearl River Delta region, which comprises Hong Kong, Macau and nine municipalities of the Guangdong Province in the mainland of China.

Octopus transaction failures costs customers HK$3.7m

Hong Kong transit payment card operator Octopus wrongly deducted a total of HK$3.7 million from 15,270 customers over the last seven years after a fault in its EFT system resulted in funds being deducted from customers' bank accounts but not credited to their travel passes.