Hong Kong

AML / KYC

HK ICAC Hosts First Belt & Road Anti-Corruption Training

By Sanday Chongo Kabange | 13/10/2023

The ICAC said it is contributing to building a “Clean Silk Road” by providing anti-corruption training to Belt and Road countries.

Enforcement

SFC Bans Investment Banker for Seven Years for Sponsor Failures

By Editors | 12/10/2023

The SFC said there was a need to send a “strong deterrent message” that failures of sponsors and sponsor principals will not be tolerated.

Securities / Derivatives

SFC Proposes New Guidelines for Market Soundings

By Manesh Samtani | 12/10/2023

The proposed guidelines introduce a common set of “Core Principles” for market soundings to prevent misuse of non-public information.

Capital / Liquidity

HK Wealth Firms See Regulatory Environment Improving

By Manesh Samtani | 09/10/2023

More than 80% of PWMA member firms surveyed expect the new framework for sophisticated professional investors to bring a positive impact.

Crypto / Digital Assets

China Establishes CBDC Connectivity with Hong Kong FPS

By Editors | 07/10/2023

Members of the Hong Kong delegation at the Asian Games in Hangzhou are able to download the e-CNY mobile app and recharge their accounts via FPS.

Crypto / Digital Assets

SFC, HKPF Form Dedicated Working Group on VATPs

By Sanday Chongo Kabange | 05/10/2023

The working group will facilitate information sharing and collaboration on monitoring and investigations involving crypto platforms.

ESG / Sustainability

HKGFA Offers Suggestions on Next Phase of Taxonomy Development

By Manesh Samtani | 05/10/2023

New report launched at HKGFA’s 6th Annual Forum proposes 21 additional green activities for the next phase of taxonomy development in Hong Kong.

Market Infrastructure

HKEX Sets Launch Date for New Stock Connect Settlement Platform

By Editors | 04/10/2023

The settlement acceleration platform, known as HKEX Synapse, will launch on 9 October 2023 and improve post-trade efficiencies.

ESG / Sustainability

Implementation of Green Taxonomy an “Evolving” Process: HKMA

By Nithya Subramanian | 04/10/2023

The SFC is also advocating for Hong Kong to be broadly aligned with ISSB standards, starting with sustainable reporting by listed companies.