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Hong Kong
Enforcement
Hong Kong ICAC Charges Former Senior Official of Insurance Authority
By Sanday Chongo Kabange | 13/03/2024
The former IA executive director threatened Prudential with the use of supervisory powers if it did not hire her daughter-in-law and give her a bigger salary package.
Market Infrastructure
SFC Chairman Proposes Adjustment to Stock Connect Threshold
By Editors | 11/03/2024
SFC Chairman Tim Lui has asked mainland policymakers to lower the minimum asset requirement for mainlanders to invest in Hong Kong via Stock Connect.
Hong Kong to Pass New National Security Law in April
By Editors | 09/03/2024
The law includes sentences of up to life imprisonment for treason, insurrection and sabotage, and 10 years for crimes linked to state secrets.
Crypto / Digital Assets
HKMA Commences wCBDC Project to Drive Tokenisation
By Editors | 07/03/2024
Project Ensemble could help to forge new financial market infrastructure that can bridge tokenised assets and money in transactions, the HKMA said.
Sanctions
OFAC Sanctions Two More Vessels for Supporting Houthis
By Editors | 07/03/2024
The sanctions also target Hong Kong-based and Marshall Islands-based companies, which own the two vessels.
Capital / Liquidity
HK Banks Stop Offering Mortgage Loans for Speculation
By Editors | 07/03/2024
Many banks have stopped providing mortgages for confirmor transactions, due to signs that speculative interest is reemerging in the property market.
Crypto / Digital Assets
BIS Innovation Hub to Explore ‘Privacy by Design’ for CBDC
By Manesh Samtani | 07/03/2024
The BIS Innovation Hub and HKMA have launched Aurum 2.0, a project focused on building privacy features into CBDC systems.
Crypto / Digital Assets
Hong Kong: More Clarity Needed on Proposed OTC Crypto Regime
By Nithya Subramanian | 07/03/2024
Clarity is needed on the scope of activities captured by the regime, how stablecoins will fit into the regime, and how professional investors will be treated.
Enforcement
SFC, HKEX Jointly Take Action Against GEM-Listed Firm
By Sanday Chongo Kabange | 06/03/2024
Two former directors misappropriated assets by paying an IPO consultant who subsequently rerouted the funds back to the directors.
Market Infrastructure
ASIFMA Calls for More Enhancements to Wealth Connect Scheme
By Sanday Chongo Kabange | 05/03/2024
ASIFMA calls for a further increase in the individual investment quota and a more extensive expansion to the list of eligible products.
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