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Capital / Liquidity
HKMA Announces Orderly Exit from Loan Holiday Scheme
By Editors | 12/07/2023
The Pre-approved Principal Payment Holiday Scheme has “fulfilled its purpose and an orderly exit should commence”.

Securities / Derivatives
Hong Kong SFC Bans Former RaffAello Officer over IPO Sponsor Failures
By Ranamita Chakraborty | 12/07/2023
The Securities and Futures Commission (SFC) found that a former responsible officer and sponsor principal at a financial advisory firm had “failed to exercise due skill, care and diligence” in handling a listing application.

Securities / Derivatives
PCAOB Commences New Round of Audit Inspections in Hong Kong
By Editors | 11/07/2023
The PCAOB is reviewing audit reports of about a dozen New York-listed Chinese companies – all clients of PwC, EY and Deloitte.

AML / KYC
US Treasury Asks Hong Kong FIs to Help Prevent Export Control Evasion
By Editors | 11/07/2023
Treasury officials reportedly asked banks to help identify certain high-tech items being shipped to Russia via Hong Kong.

Capital / Liquidity
Hong Kong: New Regime for Insurers to Commence in 2024
By Sanday Chongo Kabange | 06/07/2023
Capital requirements for insurers will be more sensitive to their asset and liability matching, risk profile and mix of products.

Market Infrastructure
Bond Connect Will be Further Enhanced, Says HKMA Chief
By Manesh Samtani | 05/07/2023
HKMA chief Eddie Yue discussed plans to open foreign access to the onshore treasury bond futures market and allow repo trades via Bond Connect.

Crypto / Digital Assets
Hong Kong Establishes Task Force to Advance Web3 Development
By Sanday Chongo Kabange | 03/07/2023
The task force will bring together industry leaders and regulators to provide advice on developing Hong Kong into a Web3 hub.

ESG / Sustainability
HKEX’s Climate-related Financial Disclosures: Where to Start?
By Alan Au | 03/07/2023
Alan Au, Helena Wong, and Ariana Szeto offer guidance on preparing for HKEX’s new climate-related disclosure requirements.

Fintech / Regtech
HKEX Confirms Plans to Expand Paperless Listing Regime
By Editors | 02/07/2023
HKEX will reduce the number of submission documents required from issuers and mandate electronic means as the only mode of submission.

Securities / Derivatives
HKEX Signs Beijing, Ningbo MoUs to Boost New Listings
By Manesh Samtani | 30/06/2023
The MoU with Beijing Stock Exchange will support cross-listings. The Ningbo MoU will support Ningbo-based companies in listing in Hong Kong.
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