Hong Kong

ESG / Sustainability

HKEX Launches New Online “Board Diversity Hub”

By Sanday Chongo Kabange | 17/06/2024

The new online hub is intended to advance gender diversity and help listed issuers meet a December deadline to have at least one female board member.

Securities / Derivatives

HK Investment Banks Call for Easing of Stock Buyback Rules

By Editors | 15/06/2024

Investment banks are reportedly asking HKEX to make it possible for issuers to use convertible bond proceeds for share buybacks, without EGM approval.

Fintech / Regtech

HK PCPD Issues Personal Data Protection Framework for AI

By Manesh Samtani | 14/06/2024

The new model framework offers recommendations on AI governance, risk management, and personal data security, among other areas.

Securities / Derivatives

HKEX Lists First Specialist Tech Firm Under Chapter 18C Regime

By Manesh Samtani | 14/06/2024

HKEX established the Chapter 18C listing regime last year to support fundraising by innovative technology firms.

Enforcement

HK ICAC Charges Asset Manager for Laundering HK$50m

By Sanday Chongo Kabange | 14/06/2024

The ICAC charged Xiao Rui, the owner of asset manager Augustine Holdings, for laundering HKD 50 million.

Market Infrastructure

Hong Kong, Shenzhen Forms Financial Cooperation Committee

By Sanday Chongo Kabange | 14/06/2024

The committee will seek to foster deeper financial cooperation between Hong Kong and Shenzhen financial markets.

Fintech / Regtech

SZSE to Help HKEX Develop Integrated Fund Platform

By Sanday Chongo Kabange | 14/06/2024

HKEX’s Integrated Fund Platform will enable market participants to more effectively distribute fund products to clients.

HKMA Directs Banks to Review Insurance Referral Business

By Sanday Chongo Kabange | 14/06/2024

The HKMA asked banks to assess their compliance with prohibitions on the use of unlicensed agents to target Mainland customers.

Enforcement

US Authorities Arrest Two for Illegal Russia Export Scheme

By Editors | 13/06/2024

The two men engaged in a scheme to covertly sell snowmobiles to Russia through an intermediary company in Hong Kong.