Hong Kong Monetary Authority (HKMA)

The HKMA Cybersecurity Event 2024 took place today, featuring an engaging panel discussion with industry experts on the latest cybersecurity trends and the importance of security behaviour in mitigating cyber threats. As cyber threats like phishing and data breaches continue to rise, equipping organisations to address these challenges and enhance resilience is crucial. HKMA organised this event with speakers from the Hong Kong Police Force, the Hospital Authority, the Digital Policy Office and PwC Hong Kong, who shared real-life experiences, best practices, and actionable insights, raising awareness among employees on how to better safeguard against these threats. Archie Ng, Executive Director (Corporate Services) of the HKMA, delivered opening remarks emphasising the importance of cybersecurity in today’s digital landscape. He also highlighted recent achievements and the next steps in strengthening HKMA’s cybersecurity measures. By taking proactive steps to fortify defenses, participants can move beyond simply reacting to threats. Thank you to everyone who joined this important discussion. Let’s continue to collaborate to strengthen cyber resilience! #HKMAprotects #CyberSecurity #HKMAantiscam #AntiScam #FraudPrevention

Following the successful completion of the first round of Fintech Supervisory Sandbox 3.1 Pilot (FSS 3.1 Pilot), the HKMA, in collaboration with Cyberport Hong Kong, have launched the second round of FSS 3.1 Pilot. This is aimed at providing development-stage funding support for innovative fintech solutions in the banking industry, to promote commercialisation and wider adoption of the projects that fit into the HKMA’s regulatory mandate. Keep an eye out for the application period and the eligibility criteria! Applications are welcome from 29 November 2024 to 21 February 2025. For more details, click here: https://lnkd.in/gu6Te8Eg #FSS #Fintech #InnovativeSolutions #DigitalSolutions 

The HKMA has taken further steps to accelerate the industry use of artificial intelligence to enhance the effectiveness and efficiency of monitoring money laundering and terrorist financing risks. In today’s Experience Sharing Forum, banks and Cyberport Hong Kong firms showcased artificial intelligence use cases which had been successful in optimising and strengthening the monitoring systems. The event also featured a collaborative platform in which technology companies demonstrated relevant tools and solutions with participating banks. In his opening remarks, Raymond Chan, Executive Director (Enforcement and Anti-Money Laundering) of the HKMA, outlined the HKMA’s commitment to making sure the approach, technology, tools and data were right to respond effectively to the rapidly evolving challenges of global financial crime. For more information, read here: https://lnkd.in/gAtWhwZG #AML #Banking

📜In the latest inSight article, Eddie Yue, Chief Executive of the HKMA, discusses how, with the launch of Project Evergreen back in 2021, the HKMA began to explore, demonstrate and advance the application of tokenisation technology in capital markets, with an initial focus on the bond market. Following two successful tokenised government green bond issuances, the HKMA is taking Project Evergreen to the next phase to promote wider adoption of tokenisation in capital market transactions. The HKMA launched today the Digital Bond Grant Scheme (DBGS), which aims to incentivise digital bond issuance in Hong Kong and cultivate the local digital asset ecosystem. Details of the DBGS: https://lnkd.in/gH9ysUmD Besides the DBGS, the HKMA recently launched the EvergreenHub – a one-stop knowledge repository for relevant market participants such as issuers and investors, as they navigate different technological, legal and operational aspects of digital bond transactions. Visit EvergreenHub: https://lnkd.in/gZXc9TJd In addition to Project Evergreen, there is another active project on the commercial application of tokenisation – Project Ensemble.  The two projects run in parallel and intersect, allowing the HKMA to more deeply and comprehensively explore the application of tokenisation across different fields, in order to fully unlock its potential. Project Evergreen focuses on the bond market, which shows early promise in adoption of tokenisation. Project Ensemble is supporting the development of tokenisation market in Hong Kong through an innovative financial market infrastructure, the Ensemble Sandbox. Read the full inSight article here: https://lnkd.in/gv5KQZ7k #DigitalBond #ProjectEvergreen #ProjectEnsemble #DigitalBondGrantScheme #Tokenisation 

As we successfully concluded the third Global Financial Leaders’ Investment Summit, we are delighted to announce that we hosted over 350 attendees, including more than 100 group chairpersons or CEOs from the world’s top financial institutions. A sincere thank you to all participants for making the event a huge success! Check out the video for event highlights. Save the dates for the fourth Summit, scheduled for 3-5 November 2025. We look forward to seeing you next year! #GFLInvestmentSummit2024 #InvestmentSummit #Finance #Investment #GlobalGrowth #Technology #Sustainability #Change Henderson Land Development Company Limited

Thank you to everyone who played a vital role in making the third Global Financial Leaders’ Investment Summit a remarkable success, which brought together more than 350 financial leaders for an engaging three-day experience. 🎬 Check out the video where HKMA’s Manager Trainees give you a behind-the-scenes look at the event's key moments and experiences. From venue preparations to engaging with some of the world’s most distinguished leaders, they made significant contributions to ensuring a smooth and impactful summit. And with that, preparations for next year’s summit are already underway. Mark your calendars 🗓 The 2025 Global Financial Leaders’ Investment Summit will take place on 3-5 November 2025. We look forward to seeing you next year! #GFLInvestmentSummit2024 #InvestmentSummit #Finance #Investment #GlobalGrowth #Technology #Sustainability #Change

The road to net zero and global sustainability must be inclusive, with tools and resources that are accessible to all. 📊🌿 The fourth key area in the HKMA’s Sustainable Finance Action Agenda is “making sustainability more inclusive”, comprising the following two goals: 🎯 Support high-quality and comprehensive sustainability disclosures Robust sustainability disclosures are essential, but the capacity and readiness of different entities vary. The HKMA will work with relevant stakeholders to make sustainability disclosures more approachable and inclusive. Key measures include: • Enriching climate disclosure toolkits for banks and their clients (e.g. reporting templates and supporting tools) • Exploring the use of technology to improve accessibility of available resources • Offering training in collaboration with local associations • Spearheading the transition by improving its own sustainability disclosures 🎯 Close talent and knowledge gaps in sustainable finance in the region • More collaborations with like-minded organisations around the world to facilitate knowledge exchange, including the IFC - International Finance Corporation, Glasgow Financial Alliance for Net Zero (GFANZ), Capacity-building Alliance of Sustainable Investment (CASI). Additionally, HKMA aims to upskill most banking practitioners in sustainable finance by: • Identifying training needs (through the upcoming “Capacity Building for Future Banking 2026-2030” study) • Launching a professional level enhanced competency framework • Expanding training programmes with partner institutes Read the full agenda here for more details: https://lnkd.in/gZqac6a9 #GreenFinance #Sustainability #SustainableFinance #SustainabilityDisclosures #NetZero #HongKong

The Global Financial Leaders’ Investment Summit has successfully concluded. As we reflect on the success of the Summit, we extend our heartfelt gratitude to everyone who contributed to this remarkable event. Over the three-day Summit, keynote speakers delivered impactful speeches, complemented by insightful discussions from the panelists. The event underscored the importance of international cooperation in navigating the global financial landscape, positioning Hong Kong as a key facilitator of knowledge exchange. Through continued collaboration and the sharing of best practices, we can contribute to a more resilient and inclusive financial ecosystem. A big thank you to all the speakers, attendees, and supporters for making this year’s summit a success, and ensuring an engaging and enjoyable event for everyone involved. We are pleased to announce that the summit for next year will take place from 3 to 5 November 2025. See you next year! Catch up on the conversations via the full playback links below: 🗓 Main Summit (19 Nov) - https://lnkd.in/gqQ4CMeD 🗓 Conversations with Global Investors (20 Nov) - https://lnkd.in/grWv7-uA For a full recap of the event, read the press release here: https://lnkd.in/g4PfphuN

At the last panel “Opportunities and Risks of the New Technology Era” during the “Conversations with Global Investors” forum today, panellists shared their technology transformation journeys including how to approach growth opportunities in early stage AI business. They also talked about the impact on traditional investment strategies and the role of human judgement during the transformation process. The panel was moderated by Cheung Leong (HKMA) and featured Kenneth Hao (Silver Lake), Deven Parekh (Insight Partners), David Siegel (Two Sigma), Hemant Taneja (General Catalyst). Follow this page for more, or watch the Summit Day 3 playback here: https://lnkd.in/g4jsmG-T #GFLInvestmentSummit2024 #InvestmentSummit #Finance #Investment #ConversationswithGlobalInvestors #GlobalGrowth #Technology #Sustainability #Change

At last year’s Summit, we had a “Conversation among Risk Takers” to share how our invited speakers navigated volatile markets and where they saw risks and opportunities. This year, we had a panel of top risk takers again to discuss how the global investment outlook has changed since then, and their latest assessment. The panel was moderated by Albert Goh (HKMA) and featured Chris Gradel (PAG), Bob Prince (Bridgewater Associates), Michael J. Sacks (GCM Grosvenor). Follow this page for more, or watch the Summit Day 3 playback here: https://lnkd.in/gKZh4vHk #GFLInvestmentSummit2024 #InvestmentSummit #Finance #Investment #ConversationswithGlobalInvestors #GlobalGrowth #Technology #Sustainability #Change