Hong Kong

Securities / Derivatives

HKEX Allows Saudi Companies to Apply for Secondary Listings in Hong Kong

By Editors | 29/09/2023

Companies with a primary listing on the Saudi Exchange’s Main Market can apply for a secondary listing in Hong Kong.

Market Infrastructure

Regulators Announce Planned Enhancements for Wealth Connect

By Editors | 29/09/2023

The eligibility, product range, investment and sales limits will be enhanced, and securities firms will be allowed to participate.

Market Infrastructure

Hong Kong Preparing to Launch A50 Options, T-Bond Futures

By Manesh Samtani | 29/09/2023

Speaking at ISDA’s Derivatives Trading Forum, the SFC’s Ricco Leung said Mainland regulators support the launch of an A50 options contract in Hong Kong.

Fintech / Regtech

HKEX Confirms Launch Date for New IPO Settlement Platform

By Editors | 28/09/2023

The new platform, FINI, will shorten the time between the pricing of an IPO and the trading of shares from T+5 to T+2.

Crypto / Digital Assets

Hackers Steal $200m from Mixin in 2023’s Biggest Crypto Hack

By Editors | 27/09/2023

Mixin has since offered the attacker a $20mn “BUG Bounty Reward” for the return of its users’ funds, and that the losses may not be as significant as initial estimates.

Fintech / Regtech

HKMA Pushes for Greater Use of FPS for Business Payments

By Editors | 27/09/2023

For October, banks and SFV operators won’t have to pay settlement fees when using the FPS for payments from corporates and merchants.

Market Infrastructure

HKEX Issues Consultation on Proposed GEM Listing Reforms

By Editors | 27/09/2023

The proposals include a new transfer mechanism for GEM companies to transfer to the Main Board and a new eligibility test for initial listing on the GEM board.

AML / KYC

HKMA Publishes Cases Studies on Regtech Adoption for AML/CFT

By Editors | 26/09/2023

The report features examples of Regtech implementation for fraud monitoring, TM alerts handling, media monitoring, and customer risk monitoring.

Crypto / Digital Assets

HK SFC to Provide Transparency on Crypto Licence Applicants

By Sanday Chongo Kabange | 26/09/2023

The SFC will publish a list of all firms that have applied for a VATP licence and launch other investor education initiatives.