Hong Kong

ESG / Sustainability

GFANZ Adds Hong Kong Chapter to Net Zero Network

By ESG Investor | 31/08/2023

The Hong Kong Chapter will serve as an extension of GFANZ’s APAC Network, joining the Japan Chapter.

Market Infrastructure

HK Clearing Rules Updated to Account for Benchmark Reforms

By Manesh Samtani | 31/08/2023

The clearing obligation will no longer apply to transactions referencing LIBOR and EONIA, which have been discontinued.

Crypto / Digital Assets

SFC Grants In-Principle Approval to Swiss Crypto Bank, SEBA

By Manesh Samtani | 30/08/2023

SEBA plans to offer brokerage, advisory and asset management services in Hong Kong, covering securities, derivatives and crypto products.

ESG / Sustainability

HKMA Sets Out Transition Planning Principles for Banks

By Sanday Chongo Kabange | 30/08/2023

The HKMA will survey banks in Q4 on their transition planning practices, and consider these efforts in its supervisory review process.

ESG / Sustainability

Carbon Credit Registry Launches in Singapore, Hong Kong

By Editors | 30/08/2023

The new carbon credit registry, launched by Singapore-based Asia Carbon Institute, is among the first for Asia.

Enforcement

SFC, ICAC Acts Against Suspected Market Manipulation Syndicate

By Sanday Chongo Kabange | 30/08/2023

One person was arrested on bribery charges. Brokerage accounts linked to the manipulation scheme were frozen.

Market Infrastructure

HK Establishes Task Force on Enhancing Stock Market Liquidity

By Sanday Chongo Kabange | 30/08/2023

The task force will review factors affecting stock market liquidity including the stamp duty and make policy recommendations.

Crypto / Digital Assets

HashKey Announces Launch of Retail Crypto Trading Service

By Editors | 29/08/2023

HashKey launched trading services for retail crypto investors, allowing them to trading in bitcoin and ether.

Fintech / Regtech

HKMA Announces Expanded Scope of Fintech Push

By Sanday Chongo Kabange | 28/08/2023

The HKMA will take “proactive steps” to assist banks, brokers and insurers to “put fintech solutions into action”.