Hong Kong

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.

Capital / Liquidity

Hong Kong Proposes to Raise Bank Deposit Protection

By Sanday Chongo Kabange | 14/07/2023

The Deposit Protection Board proposes to raise the bank deposit protection limit from HK$500,000 to HK$800,000.

Enforcement

SFC, AFRC to Jointly Target Misconduct By Listed Issuers

By Sanday Chongo Kabange | 14/07/2023

The SFC and AFRC will work together to address misconduct involving dubious loans issued by listed companies to third parties.

Enforcement

SFC Fines Fund Manager for Failing to Segregate Client Funds

By Sanday Chongo Kabange | 14/07/2023

The fund manager also issued inaccurate statements of accounts and failed to provide statements of accounts to clients within the prescribed time limit.

Big Picture

HKIMR Report Urges Focus on Financial Inclusion and Sustainable Innovation

By Editors | 13/07/2023

The report highlights the need for continuous investments in human capital and skills development to foster innovation.

HK Privacy Commissioner Issues Guidance on Data Breach Handling

By Editors | 13/07/2023

The guidance emphasises the need for organisations to develop comprehensive data breach response and post-incident action plans.

Hong Kong Enacts Amendments to Facilitate Electronic Submissions to Official Receiver

By Editors | 12/07/2023

The focus of the amendments is to facilitate the electronic submission of specific documents to the Official Receiver, allow for electronic proxies, and introduce other improvements.