Hong Kong

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    Hong Kong Banks Partner with ECIC on Export Loan Risk Sharing

    By Editors | 21/06/2023

    The risk-sharing arrangement will make it easier for Hong Kong firms to obtain credit insurance and bank financing for trade with the mainland.

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    Enforcement

    SFC Fines Taiping Securities Employee Dealing Control Failures

    By Editors | 19/06/2023

    Responsible officer had 293 transactions that exceeded the trading limit prescribed for his personal account.

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    Market Infrastructure

    HKEX Launches HKD-RMB Dual Counter Model

    By Manesh Samtani | 19/06/2023

    24 Hong Kong-listed companies have started offering both HKD and RMB trading counters.

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    Crypto / Digital Assets

    HKMA Meets with Crypto Firms on Banking Access Challenges

    By Karen Ng | 19/06/2023

    Banks operating in Hong Kong should endeavour to meet the legitimate business need of licensed VASPs, the HKMA told Regulation Asia.

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    Enforcement

    HK Customs Arrests 23 Men for Money Laundering via Air Travel

    By Mark Johnston | 16/06/2023

    HK Customs officers seized HKD 43 million and arrested 23 men for laundering HKD 720 million via air passengers.

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    Crypto / Digital Assets

    UBS, BOCI Issue First Digital Structured Notes for APAC Clients

    By Mark Johnston | 14/06/2023

    In collaboration with UBS, BOCI has become the first Chinese financial institution to issue a tokenised security in Hong Kong.

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    Hong Kong Launches Network of Family Office Service Providers

    By Sanday Chongo Kabange | 13/06/2023

    The ‘Network of Family Office Service Providers’ will seek to support local and global family offices in setting up or expanding in the Hong Kong market.

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    Crypto / Digital Assets

    HKMA to Start ‘Paving the Way’ for e-HKD Implementation

    By Manesh Samtani | 12/06/2023

    The HKMA expects that it will take at least two to three years to build a wholesale layer of production grade for possible e-HKD implementation.

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    AML / KYC

    HKMA, Cyberport Concludes Fourth AML Regtech Lab

    By Karen Ng | 08/06/2023

    The HKMA said it aims to have all retail banks taking a “consistent, coordinated approach to real-time fraud monitoring” by September 2023.

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    Crypto / Digital Assets

    Hong Kong: Going Digital Caused Scams to Rise 45.1% in 2022

    By Karen Ng | 07/06/2023

    Data compiled by law firm Freshfield Bruckhaus Deringer shows that Hong Kong deception cases grew 45.1 percent in 2022.

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