Hong Kong

Market Infrastructure

Data Dissemination Arrangements Adjusted for Stock Connect

By Editors | 14/04/2024

HKEX will no longer disclose real-time buy and sell transaction amounts and total transaction volume for Northbound trading.

Crypto / Digital Assets

Crypto Firms Question Viability of Operating in Hong Kong – Report

By Sanday Chongo Kabange | 13/04/2024

Hong Kong’s regime has restrictions that limit access to overseas investors, raising doubts about long-term business viability.

Securities / Derivatives

SFC Reviewing HKEX Proposal to Enhance Clearing Flexibility

By Editors | 12/04/2024

HKEX enhanced its third party clearing arrangements for futures trades in 2022. A proposal submitted to the SFC would do the same for stock and options trades.

Enforcement

Hong Kong IA and ICAC Execute First Joint Operation

By Sanday Chongo Kabange | 12/04/2024

Two individuals were arrested over a scheme by an insurance broker to use unlicensed referrers to sell insurance policies to Mainland Chinese visitors in Hong Kong.

AML / KYC

HK Customs Arrests One in Largest Ever Gold Smuggling Case

By Sanday Chongo Kabange | 11/04/2024

The Customs and Excise Department has seized HKD 84 million worth of gold and arrested one person.

Securities / Derivatives

SFC Issues Guidance on Offering Hong Kong Funds in UAE

By Mark Johnston | 11/04/2024

The SFC published an information sheet providing guidance on how Hong Kong funds can be offered to investors in the DIFC and the UAE more broadly.

Capital / Liquidity

HKMA Consults on Revisions to Bank Disclosure Guidelines

By Editors | 10/04/2024

The revisions are related to the implementation of the Basel III final reform package. The consultation is open until 7 May 2024.

Market Infrastructure

NAFMII Publishes Standard Agreement for Swap Connect

By Editors | 10/04/2024

The agreement is intended for use by domestic and foreign counterparties trading interest rate derivatives under Swap Connect.

Enforcement

SFC Secures Court Orders Against Former Company CFO

By Sanday Chongo Kabange | 10/04/2024

The former CFO was ordered to pay compensation of HK$163mn, the full amount that was misappropriated by the former chairman.