hkma

Experts share insights around the value potential of a digital currency, following the HKMA’s publication of an initial report on the pilot.

The regulator has teamed up with 16 market participants to explore the viability of CBDC implementation. However, questions around interoperability, monetary sovereignty and the role of the traditional banking system remain.

Set to go live from May 15, the mutual market derivatives initiative marks a world first for international trading that is set to facilitate the increased internationalisation of renminbi.

The central banks of both jurisdictions have issued statements on the back of Credit Suisse’s merger with UBS that saw $17 billion in AT1 bonds wiped out.

Former executives from the HKMA and SFC will replace outgoing HKEX board members, from April.

The transaction achieves a global first for any government issuer and marks the first tokenised bond to be issued under Hong Kong law.

Burnett spoke to FA about the opportunities that Hong Kong continues to offer foreign investors and long-established firms.

The Hong Kong Monetary Authority (HKMA) plans to introduce licensing requirements for firms operating in stablecoins, by 2024.

Dim sum bonds will continue to attract global investors over the course of 2023. At FA’s recent China Fixed Income event, Stanley Chan discussed the success of Bond Connect to date.