Hong Kong

Enforcement

SFC Starts Legal Proceedings Against AMTD Global Markets Limited

By Sanday Chongo Kabange | 24/11/2023

The SFC has asked the city’s Court of First Instance to inquire into the circumstances of non-compliance by AMTD Global Markets Limited and its former executives.

Securities / Derivatives

HKEX Unveils Enhancements to Market Data Suite

By Sanday Chongo Kabange | 23/11/2023

From 1 December, HKEX will introduce new market data subscription options and reduce its mobile market data service fee.

Fintech / Regtech

HKMA, Abu Dhabi FSRA to Enhance Fintech Collaboration

By Sanday Chongo Kabange | 23/11/2023

The regulators will explore PoC projects to connect HKMA’s CDI platform to ADGM’s SME Financing Platform.

AML / KYC

SFC Fines Lion Futures for AML Non-Compliance

By Sanday Chongo Kabange | 23/11/2023

Lion Futures is the 7th firm to be fined over the use of software that allows Mainland investors to trade without opening a local securities account in Hong Kong.

Fintech / Regtech

HKEX Launches New IPO Settlement Platform

By Manesh Samtani | 23/11/2023

The platform, known as FINI, shortens the IPO settlement cycle from five days to two days, lowering risks for issuers and investors.

Crypto / Digital Assets

OKX Becomes First Crypto Major to Lodge SFC Licence Application

By Manesh Samtani | 22/11/2023

OKX, the world’s third-largest crypto exchange by 24-hour trading volume, is the seventh firm to apply for a Hong Kong VATP licence.

Securities / Derivatives

HKEX Introduces Reforms to Allow IPO “Double Dipping”

By Editors | 22/11/2023

The reforms allow existing shareholders and cornerstone investors of a listing applicant to subscribe for or purchase further securities.

Market Infrastructure

HKMA Considers How Banks Will Support Stock Trading During Typhoons

By Sanday Chongo Kabange | 21/11/2023

Banks would need to upgrade their systems to cope with a “potential new clearing arrangement for cheque payments”.

Securities / Derivatives

HKEX to Implement Position Limit Changes on 22 December

By Editors | 21/11/2023

The enhancements will boost the vibrancy and attractiveness of Hong Kong’s markets, said HKEX’s said Wilfred Yiu.