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Leave your emailThe Ministry of Finance will issue RMB sovereign bonds through the Central Moneymarkets Unit under the Hong Kong Monetary Authority. The tender announcement, tender information memorandum, and relevant tender documents for this issuance have been attached to the press release for market participants' reference.
Read originalThe Hong Kong Monetary Authority announced the tender results for three batches of Exchange Fund Bills on October 20, 2026, covering issue numbers Q2642, H2671, and Y2696. The announcement disclosed the subscription amount, allotted amount, average accepted yield, highest accepted yield, and pro-rata allotment ratio for each batch. It also announced the tender arrangements for two batches of Exchange Fund Bills to be held on October 27, 2026, specifying the corresponding issue numbers, tenors, and offer amounts.
Read originalCarmen Chu, Executive Director (Banking Supervision) of the HKMA, delivered opening remarks at the Finance and AI Forum, introducing the results of the second phase of the GenAI Sandbox, releasing the latest regulatory guidelines on AI applications based on the "ART" framework, and announcing the establishment of an AI training data sharing platform in collaboration with Cyberport and the University of Hong Kong.
Read originalThe Hong Kong Monetary Authority issued a circular on the responsible use of AI on 15 October 2026, addressed to all authorized institutions. The circular is accompanied by six current annexes dated 15 October 2026 and relates to three previously issued current circulars.
Read originalThe Hong Kong Monetary Authority (HKMA), on behalf of the Government of the Hong Kong Special Administrative Region (HKSAR), announced that it will reopen the 3-year government bond (Issue No. 03GB2807001) under the Government Bond Programme on October 22, 2026, and tender 2-year RMB-denominated HKSAR institutional government bonds, with settlement on October 26, 2026. The tender amount is RMB 750 million, with a coupon rate of 1.59% per annum, payable semi-annually. The tender is only open to designated primary dealers under the Government Bond Programme, with a minimum bid amount of RMB 50,000 and multiples thereof.
Read originalFinancial Secretary Paul Chan, as a member of the Chinese delegation, attended the Annual Meetings of the International Monetary Fund and the World Bank Group held in Bangkok, Thailand, and participated in a roundtable co-hosted by the International Monetary Fund and the Hong Kong Monetary Authority. He introduced Hong Kong's investment and financing market advantages at the meeting and invited international multilateral organizations, financial institutions, and insurance companies to cooperate to improve capital raising and risk management efficiency. Paul Chan also met with the Chinese Ambassador to Thailand and senior executives of the International Finance Corporation in the Asia-Pacific region to discuss deepening cooperation in multiple fields.
Read originalThe HKMA launched the "ART" framework on October 15, centered on accountability, resilience, and trust, to support the banking sector in responsibly adopting artificial intelligence. The framework is accompanied by the release of the latest regulatory guidelines on the responsible use of AI. It also involves collaborating with Cyberport and the University of Hong Kong to build an AI training data sharing platform, and further testing agentic AI applications through the Generative AI Sandbox++.
Read originalThe Chongqing-Hong Kong Cross-Border Data Verification Platform, facilitated by the HKMA, was officially launched. The platform leverages blockchain technology and hash values to verify customer data without the need for cross-border transmission or storage of original documents. Initially, the platform primarily supports cross-border financial scenarios, with banks in Chongqing and Hong Kong advancing applications related to northbound and southbound data flow verification, covering services such as account opening and loan applications.
Read originalThe Hong Kong Monetary Authority (HKMA), on behalf of the Government of the Hong Kong Special Administrative Region (HKSAR), announced that it will hold a reopened tender for 3-year HKD institutional government bonds on October 21, 2026. This tender is part of the reopened issuance of the 5-year government bond (No. 05GB2912001) under the Government Bond Programme, with an issuance size of HKD 750 million and settlement completed on October 22, 2026. This tender is only open to primary dealers appointed under the Government Bond Programme, with a minimum bid amount of HKD 50,000 and multiples thereof. Successful bidders are required to pay accrued interest of HKD 615.03 per HKD 50,000 face value on the issuance date.
Read originalThe HKMA announced on October 14 the Exchange Fund analytical account data as of end-September 2026. External assets of the Exchange Fund decreased by HK$76.7 billion to HK$3,576.0 billion during the month. The monetary base stood at HK$2,090.2 billion, claims on the private sector in Hong Kong at HK$473.0 billion, and external liabilities at HK$135.3 billion. This account is published in accordance with the IMF Special Data Dissemination Standard, and the release schedule for the full year 2027 has been announced simultaneously.
Read originalThe Hong Kong Academy of Finance announced that applications for the 2027 Financial Leaders Programme open on October 15, with a deadline of December 4. Launched in 2022, the programme has nurtured over 100 future financial leaders in Hong Kong. It is designed for high-potential senior financial executives approximately 1 to 2 levels below the CEO position, and is conducted on a part-time basis.
Read originalThe Hong Kong Monetary Authority, on behalf of the Hong Kong SAR Government, announced that it will reopen the tender for 10-year HKD government institutional bonds on October 21, 2026, with issuance code 10GB3507001, tender size of HKD 1.25 billion, and settlement completed on October 22, 2026. The bond carries a coupon rate of 3.17%, payable semi-annually, with maturity date on July 24, 2035. Bidding is only open to designated primary dealers under the Infrastructure Bonds Program; individual investors must participate through primary dealers, with a minimum bid amount of HKD 50,000 and multiples thereof.
Read originalHong Kong Monetary Authority Deputy Chief Executive Arthur Yuen delivered a speech at the opening and premiere of Standard Chartered Bank's "Anti-Scam Cinema," revealing that Hong Kong lost HK$8.1 billion to fraud last year, with losses exceeding HK$5.2 billion in the first eight months of this year. The HKMA is collaborating with the banking sector and law enforcement agencies to build an anti-fraud ecosystem across four dimensions: within banks, inter-bank, between banks and customers, and through public education. Currently, all 28 retail banks in Hong Kong have joined the Financial Institutions Network against Telecommunications Scams (FINEST).
Read originalThe Hong Kong Monetary Authority announced the tender results for two issues of Exchange Fund Bills on October 13. Issue Q2641 was subscribed for HK$205.533 billion, with an accepted amount of HK$71.151 billion and an average accepted yield of 2.82%. Issue H2670 was subscribed for HK$649.3 billion, with an accepted amount of HK$19 billion and an average accepted yield of 3.15%. The Authority will hold tenders for three issues of Exchange Fund Bills on October 20, offering a total of HK$84.147 billion.
Read originalHKMA Chief Executive Eddie Yue delivered opening remarks at the 16th Annual International Conference on the Chinese Economy, centered on the theme "Beyond the Cycle: Growth, Innovation, and Resilience in the Chinese Economy." He noted that the core of China's long-term sustainable economic growth lies in technological innovation, structural upgrading, and boosting domestic demand. China is accelerating its shift toward a high-quality development model, replacing its traditional reliance on infrastructure and real estate with advanced manufacturing, artificial intelligence, and green and digital industries.
Read originalThe Hong Kong Monetary Authority released the current Data Excellence Practices Guidelines on October 12, 2026, applicable to all authorized institutions. The guidelines include supporting appendices and are linked to multiple current circular documents issued on different dates.
Read originalOn October 8, 2026, the Hong Kong Monetary Authority (HKMA) issued a circular to all authorized institutions regarding complaints related to debt collection agents engaged by authorized institutions. This circular is linked to multiple previous versions of circulars on the same topic, including documents issued on August 19, 2024, March 26, 2026, and April 10, 2024.
Read originalInvestHK announced on October 5, 2026 that Kyrgyzstan commercial bank Bakai Bank has been granted a Hong Kong banking licence by the Hong Kong Monetary Authority, becoming the first Central Asian bank to enter the Asia-Pacific region. The bank will establish a restricted-licence bank in Hong Kong under the name Bakai Bank Open Joint-Stock Company (Hong Kong Branch), serving the trade, investment and capital needs of the Central Asia–Asia-Pacific economic corridor. InvestHK will continue to assist the bank in exploring sustainable development financing and RMB-denominated financing business.
Read originalHKEX announced that its wholly-owned subsidiaries, the on-exchange derivatives clearing houses Hong Kong Securities Clearing Company Limited (HKCC) and Hong Kong Futures Exchange Limited (SEOCH), will, starting from November 2026 and subject to regulatory approval, include Chinese government bonds, policy bank bonds held under Northbound Bond Connect, and offshore bonds issued by the Ministry of Finance in the scope of eligible non-cash collateral to cover margin requirements.
Read originalThe HKMA issued a circular on September 23, 2026, launching a review of the Enhanced Competency Framework for banking practitioners, addressed to all authorized institutions. This review is linked to relevant current circulars issued on June 18, 2020, and December 18, 2015, with supporting attachments updated simultaneously on September 23, 2026.
Read originalThe Hong Kong Monetary Authority (HKMA) held the 2026 Treasury Markets Summit on September 23, 2026, where Chief Executive Eddie Yue delivered a keynote speech focusing on the development of Hong Kong's bond market. He noted that the Hong Kong bond market has achieved a compound annual growth rate of 20% over the past 20 years, and more than half of the world's digital bonds were issued in Hong Kong in the first half of 2026. The market development will be advanced from four dimensions: diversification, depth, vibrancy, and digitalization.
Read originalThe Hong Kong Monetary Authority (HKMA) issued a circular on current GS-2 transition planning on September 22, 2026, applicable to all authorized institutions. This circular is directly linked to the current SPM-NGL document, cross-references the CPR document filed on July 20, 2021, and replaces the old version of SPM-NGL and its corresponding circular dated December 30, 2021.
Read originalCarmen Chu, Assistant Director (Banking Supervision) of the Hong Kong Monetary Authority, delivered a speech at the Welcome Reception of the 2026 Asia Pacific FinTech Innovation Lab, noting that the Lab has been running for 13 years and serves as an important bridge connecting fintech startups with the practical operational needs of the Asian banking sector.
Read originalFollowing the established mechanism, the HKMA has raised its Base Rate by 25 basis points to 4.25%, effective immediately. This adjustment corresponds to the Federal Reserve's decision to raise the target range for the federal funds rate by 25 basis points to 3.75-4%, in line with market expectations. Hong Kong's monetary and financial markets continue to operate in an orderly manner. The HKMA will continue to closely monitor market developments to maintain monetary and financial stability.
Read originalThe Hong Kong SAR Government has announced Part 6 of the Chief Executive's 2026 Policy Address, focusing on the development of the Northern Metropolis. The Northern Metropolis will take university towns as its core, planning to develop three university towns in San Tin, Hung Shui Kiu, and Ta Kwu Ling, with a total planned area of over 1,000 hectares, creating a development pattern that integrates education, technology, industry, talent, and livability. The three university towns will respectively focus on medicine and life health technology, higher education for intelligent manufacturing applications, and art and blue-green integrated development, with supporting promotion of related industries and research carrier construction.
Read originalHKEX, the Hong Kong Monetary Authority (HKMA), the Dubai Financial Services Authority (DFSA) and Nasdaq Dubai jointly announced the establishment of a strategic working group to deepen financial market cooperation and connectivity between the international financial centers of Hong Kong and Dubai. The working group focuses on five key areas: sustainable finance, Islamic finance, innovation, capital market development, and market connectivity. The announcement was made at the HKMA-DFSA Joint Climate Finance Conference held in Hong Kong on the same day, which attracted over 350 online and offline participants from both regions.
Read originalOn September 9, 2026, the Hong Kong Monetary Authority (HKMA) issued a circular on private market investments addressed to registered institutions. This circular is currently in effect and is linked to historical circulars in the same series issued on April 8, 2016, July 8, 2019, and November 22, 2019.
Read originalOn September 3, 2026, the Hong Kong Monetary Authority issued a circular on remote account opening for individual customers addressed to all authorized institutions. This circular is currently in effect and is linked to multiple related current and archived circular documents issued between 2019 and 2026.
Read originalThe Hong Kong Monetary Authority issued risk-based anti-money laundering and counter-terrorist financing controls guidance for politically exposed persons on August 28, 2026, addressed to all authorized institutions. This guidance replaces the previous version issued on November 21, 2025, with accompanying annexes updated simultaneously.
Read originalHong Kong's HKMA, SFC, IA and MPFA, together with Hong Kong Cyberport, have announced the first batch of selected participants for the Generative AI Sandbox++. 36 use cases were selected from nearly 100 proposals, involving 30 financial institutions and 27 technology partners, focusing on agentic AI application testing. The selected use cases will cover end-to-end processes such as customer account opening, payments, and insurance claims, and will subsequently test AI's ability to dynamically supervise other AI applications.
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