Hong Kong

Fintech / Regtech

Hong Kong Launches Pilot Programme for Multiple-CRA Model

By Manesh Samtani | 20/11/2023

Participating individuals can obtain consumer credit reports from three CRAs, to review the accuracy of data and assess their overall service performance.

Market Infrastructure

HKMA Updates Margin Financing Guidance Ahead of FINI Launch

By Editors | 19/11/2023

The revised SPM module provides further guidance on a “holistic approach to risk management” of share margin financing.

Enforcement

SFC Obtains Orders Against Ex-Chairman for Fraudulent Share Scheme

By Mark Johnston | 16/11/2023

Former chairman disqualified for 10 years from holding any directorial or managerial position in Hong Kong and fined for fraudulent share scheme.

HK FSDC Forms Hong Kong Academy for Wealth Legacy

By Sanday Chongo Kabange | 16/11/2023

The academy will foster collaboration, networking, knowledge sharing and talent development across Hong Kong’s family office industry.

AML / KYC

SFC Issues Updated AML/CFT Self-Assessment Checklist

By Editors | 15/11/2023

The updated checklist incorporates the May revisions to the SFC’s existing AML/CFT guideline, including to apply additional questions on virtual asset activities.

Securities / Derivatives

HKEX Shines Spotlight on HK’s Role as Fundraising Hub

By Sanday Chongo Kabange | 12/11/2023

New report from HKEX discusses Hong Kong’s listing regime, further planned enhancements, and why international companies should choose to list in the city.

Capital / Liquidity

HKMA to Update Basel III Implementation Timetable Again

By Editors | 10/11/2023

The standards on credit risk, operational risk, market risk, CVA risk and the output floor will take effect on 1 January 2025.

Crypto / Digital Assets

Taiwan Authorities Arrest Two Individuals Linked to JPEX

By Editors | 10/11/2023

Investors in Taiwan have initiated legal action against the allegedly fraudulent crypto exchange, which first came under regulatory scrutiny in Hong Kong.

Fintech / Regtech

PBOC to Establish Fintech Sandbox Links With Hong Kong, Macao

By Editors | 10/11/2023

The “network link-up” will provide a one-stop platform to facilitate cross-border fintech trials and strengthen supervisory cooperation.