authorized institutions

  • HKMA Primary Liquidity Providers: 12 Banks, RMB22bn From 27 October

    The HKMA Primary Liquidity Providers list grows to twelve banks on 27 October 2026. In a press release dated 23 October 2026, the Hong Kong Monetary Authority designated the twelve as Primary Liquidity Providers (PLPs) for the offshore renminbi market in Hong Kong, the CNH market, for a two-year term. The same release raises the…

  • HKMA ART Framework: Nine AI Principles Replace the 2019 Guidance

    On 15 October 2026 the Hong Kong Monetary Authority sent circular B1/15C, “Responsible Adoption of Artificial Intelligence”, to the chief executives of all authorized institutions. Its Annex A is the supervisory core of the HKMA ART Framework: nine principles grouped under Accountability, Resilience and Trust, which supersede the HKMA’s “High-level Principles on Artificial Intelligence” dated…

  • HKMA Banking Ordinance Enhancements: Bank Holding Companies in Scope

    On 13 February 2026 the Hong Kong Monetary Authority published consultation conclusions on proposed enhancements to the Banking Ordinance (Cap. 155). The policy package has since moved into legislation: the Banking Legislation (Miscellaneous Amendments) Bill 2026 was gazetted on 5 June 2026, received its First Reading on 17 June 2026 and has since been referred…