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…