Tag: Banking regulations
Combat Scams: HKMA Mandates Name-Matching for Transfers Over HK$1,000
In a proactive move to combat scams and protect consumers, the Hong Kong Monetary Authority (HKMA) has announced a new mandate requiring banks to implement a mandatory name-matching process for real-time fund transfers. This...
Impact of High Interest Rates on SMEs Confidence – RTHK
A recent survey conducted by the Productivity Council has revealed that small and medium-sized enterprises (SMEs) in Hong Kong are facing challenges due to the high interest rate environment. The survey, which included 814...
