PANews December 18 news, Hong Kong Exchanges and Clearing Limited (HKEX) today (Wednesday) announced the launch of the HKEX Data Marketplace, providing data users with a smoother online platform to obtain HKEX's historical data and reference data. In the initial launch, the data products provided by the HKEX Data Marketplace include: Central Clearing and Settlement System (CCASS) shareholding data for commercial purposes, historical full data of HKEX's securities and derivatives markets, and daily reference data of the securities market.
In addition, the Chief Executive of the Hong Kong Monetary Authority, Eddie Yue, recently led a delegation of the Hong Kong Association of Banks to visit Beijing and exchanged views with the media on topics such as the internationalization of the RMB, financial technology, new fraud, and green finance. Eddie Yue said that in the past year, Hong Kong's financial system has been very stable, especially the banking system. The current capital adequacy ratio is about 21%, and the liquidity coverage ratio is about 180%, both of which are higher than international regulatory standards. In addition, under the linked exchange rate, Hong Kong's money market operates smoothly. Hong Kong's stock market also welcomes more high-quality mainland companies to go public in Hong Kong. In response to the question raised by the reporter, "How to balance innovation and risks in the field of financial technology and promote the healthy development of financial technology in Hong Kong?" Eddie Yue said that in order to help banks achieve an appropriate balance between the benefits and risks of applying new technologies, the Hong Kong Monetary Authority has adopted an interactive and iterative regulatory approach and introduced a variety of measures, such as the Regulatory Sandbox for Financial Technology. In addition, Eddie Yue also repeatedly emphasized on the spot that special attention should be paid to the fraud caused by generative artificial intelligence.
