Hong Kong

Enforcement

SFC Fines Ruifeng Securities for Fund Management Failures

By Sanday Chongo Kabange | 05/12/2023

The penalty was imposed for failures related to fund management activities and account opening procedures.

Fintech / Regtech

HKMA, BOT Launch Cross-border QR Payment Linkage

By Editors | 05/12/2023

Travellers from Thailand and Hong Kong can make retail payments by using their mobile banking apps to scan the Hong Kong and Thai QR codes displayed by merchants.

Market Infrastructure

StanChart HK Becomes Participant of China’s CIPS

By Editors | 04/12/2023

The bank is the first and only foreign bank in the offshore market to directly participate in CIPS.

Market Infrastructure

HKEX Proposes to Keep Markets Open During Typhoons

By Sanday Chongo Kabange | 01/12/2023

HKEX proposes operational model to allow markets to remain open during typhoons and rainstorms from July 2024.

Securities / Derivatives

HKEX Issues Consolidated Guide for New Listing Applicants

By Sanday Chongo Kabange | 30/11/2023

The guide will better equip listing applicants and their advisers to understand HKEX’s listing requirements, says head of listing Katherine Ng.

ESG / Sustainability

HKMA Sets Standards for Sale of Green & Sustainable Investment Products

By Sanday Chongo Kabange | 30/11/2023

Registered institutions that sell and distribute green and sustainable investment products have 12 months to comply.

AML / KYC

HKMA Fines Local Branch of CA Indosuez for AMLO Breaches

By Sanday Chongo Kabange | 30/11/2023

The HKMA fined CA Indosuez’s Hong Kong branch for failing to continuously monitor business relationships with some clients.

Sanctions

OFAC Sanctions Hong Kong, Singapore Companies for Iran Trade

By Editors | 30/11/2023

Sanctions target more than 20 individuals and entities accused of facilitating Iranian defence sector through companies in Hong Kong, Singapore, and elsewhere.

ESG / Sustainability

HK FSTB Consults on Paperless Corporate Communications

By Sanday Chongo Kabange | 29/11/2023

Listed and non-listed companies incorporated in Hong Kong would be allowed to rely on implied consent for disseminating corporate communications by means of website.