Hong Kong

ESG / Sustainability

HKMA Sets Out Transition Planning Principles for Banks

By Sanday Chongo Kabange | 30/08/2023

The HKMA will survey banks in Q4 on their transition planning practices, and consider these efforts in its supervisory review process.

ESG / Sustainability

Carbon Credit Registry Launches in Singapore, Hong Kong

By Editors | 30/08/2023

The new carbon credit registry, launched by Singapore-based Asia Carbon Institute, is among the first for Asia.

Enforcement

SFC, ICAC Acts Against Suspected Market Manipulation Syndicate

By Sanday Chongo Kabange | 30/08/2023

One person was arrested on bribery charges. Brokerage accounts linked to the manipulation scheme were frozen.

Market Infrastructure

HK Establishes Task Force on Enhancing Stock Market Liquidity

By Sanday Chongo Kabange | 30/08/2023

The task force will review factors affecting stock market liquidity including the stamp duty and make policy recommendations.

Crypto / Digital Assets

HashKey Announces Launch of Retail Crypto Trading Service

By Editors | 29/08/2023

HashKey launched trading services for retail crypto investors, allowing them to trading in bitcoin and ether.

Fintech / Regtech

HKMA Announces Expanded Scope of Fintech Push

By Sanday Chongo Kabange | 28/08/2023

The HKMA will take “proactive steps” to assist banks, brokers and insurers to “put fintech solutions into action”.

Capital / Liquidity

SFC Finalises Risk Management Guidelines for Futures Brokers

By Sanday Chongo Kabange | 28/08/2023

The new guidelines will take effect from 25 February 2024. An additional 12 months will be provided for certain changes.

AML / KYC

HK Police Arrest 11 in HK$124m Money Laundering Case

By Editors | 27/08/2023

Police believe the laundered funds could be tied to more than 20 fraud cases, including email and loan scams, and commercial and investment fraud.

AML / KYC

HKMA to Explore Regulatory Changes to Promote Bond Tokenisation

By Sanday Chongo Kabange | 26/08/2023

The report suggests new requirements could be introduced for DLT platforms, covering areas from KYC and AML compliance to BCPs and cyber risk assessments.