Saturday, January 16, 2021
Tags Hong Kong Monetary Authority

Tag: Hong Kong Monetary Authority

Cross-border Digital Renminbi Payments Technology Undergoes Testing in Hong Kong

The Chinese central bank and the Hong Kong Monetary Authority (HKMA) are testing out technology to permit the use of the...

Chinese Central Bank and Hong Kong Monetary Authority Expand Currency Swaps Agreement

The People's Bank of China (PBOC) and the Hong Kong Monetary Authority (HKMA) have extended and expanded their currency swaps agreement.

Hong Kong Monetary Authority Flags “Soft Launch” of Virtual Banking Services in Fourth Quarter

The Hong Kong Monetary Authority (HKMA) has flagged the launch of the territory's first virtual banking services before the end of the...

Hong Kong Monetary Authority Issues Virtual Banking Licenses to Ant Financial, Tencent, Ping An and Xiaomi Subsidiaries

The subsidiaries of a slew of China's leading fintech players have obtained licenses to operate virtual banks in Hong Kong.

Hong Kong Turns to Ping An Group for Blockchain-driven Trade Finance Platform

The Hong Kong Monetary Authority plans to launch a blockchain-based trade finance platform using technology that has already been deployed in mainland China. The initiative...

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China’s Biggest Bank Opens up to Applications for Digital Renminbi Wallets in Shenzhen

The Industrial and Commercial Bank of China (ICBC) is making digital renminbi wallets available to consumers in the southern tech hub of...

Chinese Central Bank Outlines Efforts to Improve Execution of Monetary Policy

A senior official from the People's Bank of China (PBOC) has published a paper on its official website outlining current plans to...

Foreign Investors Raise Holdings on China’s Interbank Bond Market by over 1 Trillion Yuan in 2020

The latest data from the Chinese central bank points to a sharp rise in investment by foreign institutional investors on China's interbank...

Shenzhen Finance Sector Sees Total Deposits Exceed 10 Trillion Yuan

Financial institutions based in Shenzhen have just seen their deposit levels rise to record-breaking levels.