Hong Kong

Fintech / Regtech

HKMA to Collaborate With Saudi Central Bank on Market Connectivity

By Sanday Chongo Kabange | 28/07/2023

The two central banks will also collaborate on financial infrastructure development, sustainable development and fintech.

Capital / Liquidity

HKMA, SFC Set Out Expectations Under New Regime for Depositaries

By Manesh Samtani | 28/07/2023

Applications now being accepted under the new regulatory regime for depositaries of collective investment schemes.

Securities / Derivatives

HKEX, IDX Sign MoU to Explore Cross-Market Listings

By Editors | 26/07/2023

HKEX and IDX will look to collaborate on cross-border listings, joint product development and ESG initiatives.

Crypto / Digital Assets

HashKey Partners with Securities Firm to Offer Crypto Trading

By Editors | 25/07/2023

The partnership with Quam Securities and Longbridge Whale marks a “new chapter” for the adoption of virtual assets by brokers, HaskKey said.

Securities / Derivatives

Mainland Investors Cut Off from Using Northbound Stock Connect

By Manesh Samtani | 25/07/2023

As of 25 July, exchange participants are not allowed to register new BCANs for clients who are Mainland investors.

Securities / Derivatives

Enhancements to Wealth Connect, Bond Connect Coming ‘Soon’

By Editors | 25/07/2023

Regulators to include more products in Wealth Connect and southbound Bond Connect, while allowing more investors to participate.

Securities / Derivatives

HKEX Amends Listing Rules to Match CSRC’s Overseas Listing Requirements

By Editors | 24/07/2023

Mainland issuers seeking a listing in Hong Kong will have to submit to HKEX a CSRC notification that confirms their completion of the Mainland filing procedures.

AML / KYC

HK ADCC Prevented Nearly HK$12bn of Fraud Losses in Six Years

By Mark Johnston | 22/07/2023

HK’s Anti-Deception Coordination Centre has prevented HKD 11.79 billion from falling into the hands of fraudsters since the unit was set up about six years ago.

Market Infrastructure

Hong Kong to Launch New eMPF Platform in Q2 2024

By Sanday Chongo Kabange | 19/07/2023

Software development was largely completed in June. Testing will be completed within this year. Migration will commence in Q2 2024.