Hong Kong

Market Infrastructure

Hong Kong IA Consults on Subsidiary Rules for Risk-based Capital Regime

By Sanday Chongo Kabange | 08/12/2023

The IA is consulting on two subsidiary rules to tie in with the implementation of a risk-based capital regime for insurers set to commence next year.

Big Picture

HKIMR Report Offers Guidance on Talent Development

By Editors | 08/12/2023

The report presents findings from two surveys and other analysis to recommend talent development strategies for Hong Kong’s financial industry.

Securities / Derivatives

Bursa Malaysia Set to Launch First Currency Futures

By Editors | 08/12/2023

A licensing agreement with HKEX will enable Bursa Malaysia Derivatives to launch a Mini USD/CNH Futures contract.

HKAB, DTCA Issue Revised Banking Code of Practice

By Sanday Chongo Kabange | 08/12/2023

Banks are expected to achieve full compliance with the new Code within 6 months. More time is given for provisions involving complex system changes.

IA, HKMA Start New Inspections on Use of Premium Financing

By Sanday Chongo Kabange | 07/12/2023

The IA and HKMA will assess compliance with new standards on the use of premium financing for life policies.

Uncategorised

HK SFC Adds Two New Suspicious VATPs on Alert List

By Sanday Chongo Kabange | 07/12/2023

The SFC has warned the public to be wary of two suspicious VATPs – HongKongDAO and BitCuped – and asked the police to block them.

Sanctions

Chinese Firms Targeted in Latest Round of UK Russia Sanctions

By Editors | 07/12/2023

UK sanctions 46 individuals and entities, including companies in Belarus, China, Serbia, Turkey the UAE, and Uzbekistan, with links to Russian military sales.

Enforcement

SFC Fines Ruifeng Securities for Fund Management Failures

By Sanday Chongo Kabange | 05/12/2023

The penalty was imposed for failures related to fund management activities and account opening procedures.

Fintech / Regtech

HKMA, BOT Launch Cross-border QR Payment Linkage

By Editors | 05/12/2023

Travellers from Thailand and Hong Kong can make retail payments by using their mobile banking apps to scan the Hong Kong and Thai QR codes displayed by merchants.