Hong Kong

HSBC, Anchorpoint Receive Stablecoin Issuer Licences in Hong Kong

The HKMA announced the granting of stablecoin issuer licences under the Stablecoins Ordinance to Anchorpoint Financial Limited and The Hongkong and Shanghai Banking Corporation Limited. The licences took effect on 10 April 2026, and the licensees intend to launch business in the coming months. The HKMA maintains a public Register of Licensed Stablecoin Issuers on its website.

Scam Alert: Bank of Singapore Fraudulent Social Media Account

The HKMA issued a scam alert on 10 April 2026 warning members of the public about a fraudulent social media account associated with Bank of Singapore Limited. The HKMA reminded the public that banks will not send SMS or emails with embedded hyperlinks directing them to conduct transactions, nor will they request sensitive information such as login passwords or One-Time Passwords by phone, email, or SMS. Individuals who may have disclosed personal information or conducted transactions through such scams should contact their bank and report to the Hong Kong Police Force at 2860 5012.

HK Reserves US$430.8B, End March 2026

The Hong Kong Monetary Authority (HKMA) announced that Hong Kong's official foreign currency reserve assets stood at US$430.8 billion as at end-March 2026, a decrease from US$439.3 billion at end-February 2026. Including unsettled foreign exchange contracts, reserves amounted to US$430.5 billion. The reserves represent over five times the currency in circulation or about 38% of Hong Kong dollar M3.

Scam Alert Related to Banks - Fraudulent Websites and Phishing Emails

The HKMA issued a scam alert warning the public about fraudulent websites, internet banking login screens, and phishing emails impersonating five Hong Kong banks (Bank of East Asia, Shanghai Commercial Bank, Chong Hing Bank, OCBC Bank Hong Kong, and HSBC Hong Kong). The alert reminds the public that banks will not send SMS or emails with embedded hyperlinks to conduct transactions, nor will they ask for sensitive information like passwords or One-Time Passwords through these channels. Anyone who may have provided personal information should contact their bank and report to the Hong Kong Police Force Crime Wing Information Centre at 2860 5012.

Silver Bond 2027 Third Interest Payment Rate Set at 4.00% Per Annum

The Hong Kong Monetary Authority announced the third interest payment rate for Silver Bond Series due 2027 (Issue Number: 03GB2710R) under the Infrastructure Bond Programme. The Floating Rate of +1.28% (based on Composite Consumer Price Index year-on-year change) was compared against the Fixed Rate of +4.00%, with the higher rate of 4.00% per annum applied. The third interest payment is scheduled for 23 April 2026.

Impression Investment Fined $2M for Supervisory Failures Over Staff Trading

The SFC fined Impression Investment Limited $2 million and banned former responsible officer Liu Shan from the industry for eight months for failing to supervise staff trading activities. Between 2016-2021, Liu conducted over 2,500 unauthorized personal transactions and traded in the same securities as managed funds, violating Fund Manager Code of Conduct requirements.

SFC Sanctions Impression Investment Limited and LIU Shan Over Staff Trading

The SFC sanctioned Impression Investment Limited and its former responsible officer LIU Shan for staff trading violations. The enforcement action targets the licensed corporation and its responsible officer for failures related to employee trading activities. Hong Kong licensed corporations and responsible officers should review their internal controls and supervision systems.

Bank Julius Baer fraudulent websites scam alert

The HKMA issued a scam alert warning the public about fraudulent websites associated with Bank Julius Baer & Co. Ltd. The alert reminds consumers that banks will not send SMS or emails with embedded hyperlinks directing them to bank websites for transactions, nor will they request sensitive information such as login passwords or One-Time Passwords via phone, email, or SMS. Affected individuals who have provided personal information or conducted transactions through these fraudulent sites should contact the relevant bank and report to the Hong Kong Police Force.

Exchange Fund Bills Tender Results

The Hong Kong Monetary Authority published Exchange Fund Bills tender results for three issues (Q2614, H2643, Y2688). Total applications amounted to HK$211.891 billion with HK$93.44 billion allotted. Average yields accepted ranged from 1.99% to 2.23% across maturities from July 2026 to April 2027. The HKMA also announced upcoming tenders for the week beginning 13 April 2026.

Doxxing Arrest Under PDPO Section 64(3A)

The Office of the Privacy Commissioner for Personal Data (PCPD) arrested a 45-year-old male in Hong Kong's New Territories for suspected doxxing of a female friend under section 64(3A) of the Personal Data (Privacy) Ordinance (PDPO). The suspect allegedly disclosed personal data including the victim's name, Hong Kong Identity Card number, residential address, mobile phone number, and photo without consent. Maximum penalties under section 64(3C) include a fine of HK$1,000,000 and imprisonment for five years.