Hong Kong Monetary Authority Reveals Implementation Roadmap for Ongoing Development of Open API Framework The Hong Kong Monetary Authority (HKMA), which is Hong Kong’s central banking institution that reports directly to the Financial Secretary, has announced the implementation plans for the third and fourth stages of its Open API framework. The next steps in the Open API Framework include account information for the 3rd phase and transactions for the 4th phase. After the implementation of the initial two phases of the Open API framework in January 2021 and October 2019 respectively, the initiative’s development had been suspended as the HKMA was attempting to address potential issues related to data and privacy governance.