The Hong Kong Monetary Authority opened a public consultation on the Phase 2B prototype of the Hong Kong Taxonomy for Sustainable Finance on 7 September 2026, and the window closes on 7 October 2026. Interested parties may submit comments by 7 October 2026. Firms that use the Taxonomy for products or classifications may therefore wish…
On 17 September 2025 the Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Singapore (MAS) announced that they had exchanged a Memorandum of Understanding on banking supervisory cooperation. The two authorities describe the HKMA-MAS banking supervision MoU as strengthening supervisory cooperation and facilitating the exchange of information and mutual assistance for supervisory purposes,…
On 12 August 2026, Hong Kong’s Financial Services and the Treasury Bureau (FSTB) answered media enquiries about the preferential tax regime for carried interest and used the reply to draw a boundary. Under the current Schedule 16D, the 0 per cent profits tax concession applies to eligible carried interest received by a qualifying person from…
On 13 November 2025, the Hong Kong Monetary Authority (HKMA) launched Ensemble TX, the pilot phase of Project Ensemble, and with it moved tokenised-deposit settlement out of the laboratory and into real-value transactions. HKMA Project Ensemble had spent more than a year as a sandbox; Ensemble TX now lets participating banks settle interbank tokenised deposit…
On 31 December 2025 the Hong Kong Monetary Authority completed its annual assessment and confirmed the list of authorized institutions designated as domestic systemically important banks. The HKMA D-SIB designation for 2026 names the same five institutions as a year earlier, and it leaves their Higher Loss Absorbency (HLA) requirements at the levels each already…
Hong Kong Taxonomy Phase 2A, published by the Hong Kong Monetary Authority on 22 January 2026, expanded the HKMA’s voluntary framework for classifying economic activities as green, transition-aligned or adaptation-aligned. The classification that Phase 1 introduced in May 2024 covered 12 economic activities across four sectors and dealt only with climate change mitigation. Phase 2A…
On Sunday 9 August 2026, Hong Kong’s Faster Payment System (FPS) is scheduled to suspend all real-time services for ten hours. The Hong Kong Monetary Authority (HKMA) confirmed on 3 August 2026 that the FPS will be unavailable from 1:00 am to 11:00 am Hong Kong time while Hong Kong Interbank Clearing Limited (HKICL), the…
On 29 January 2026 the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) issued a joint consultation on a small but consequential part of the Hong Kong OTC clearing rules: the calculation periods that decide when a firm is caught by the mandatory clearing obligation. The regulators proposed to stop adding…
On 10 April 2026 the Hong Kong Monetary Authority granted the territory’s first two stablecoin issuer licences, to Anchorpoint Financial Limited and The Hongkong and Shanghai Banking Corporation Limited. Both licences took effect that day under the Hong Kong Stablecoins Ordinance, the statute that has regulated fiat-referenced stablecoins since it came into operation on 1…