Hong Kong

Securities / Derivatives

SFC to Further Enhance Market Connectivity With Mainland

By Manesh Samtani | 28/06/2023

SFC chief Julia Leung said at an ASIFMA event that new Mainland-based derivatives contracts will be launched in Hong Kong.

Securities / Derivatives

HKEX Says New IPO Settlement Platform Will Launch in October

By Manesh Samtani | 28/06/2023

HKEX has completed external user testing for the launch of FINI, which will shorten IPO settlement times from five to two days.

Crypto / Digital Assets

Cybersecurity and Technology Risk Requirements Under Hong Kong’s New VATP Regime

By Albert Yuen | 27/06/2023

Albert Yuen, Kishore Bhindi, and Jasmine Yung explain the SFC’s requirements for virtual assets trading platforms around technology risk management and cybersecurity.

ESG / Sustainability

Hong Kong Forms New Committee to Advance Green Agenda

By Sanday Chongo Kabange | 27/06/2023

The committee will advance Hong Kong’s green technology and finance ambitions and enhance cooperation with GBA cities.

Crypto / Digital Assets

HSBC Starts Offering Customers Access to Crypto ETFs

By Editors | 27/06/2023

HSBC is allowing Hong Kong customers to buy and sell Bitcoin and Ether based ETFs listed on the local stock market.

Capital / Liquidity

HKMA Proposes to Restructure Three-Tier Banking System

By Manesh Samtani | 27/06/2023

Hong Kong’s 12 remaining deposit-taking companies would need to upgrade into licensed banks or restricted licence banks and meet higher capital requirements.

Hong Kong: Relief Programme for SME Borrowers to End in September

By Sanday Chongo Kabange | 26/06/2023

The principal moratorium arrangement under the SME Financing Guarantee Scheme will be extended three more months and then end.

HKEX Expands Global Footprint with New York Office

By Editors | 22/06/2023

HKEX chief Nicolas Aguzin said the new office will better connect “two of the most important financial centres in the world”.

Market Infrastructure

HKMA Directs Banks to Enhance Protections for Payment Card Customers

By Sanday Chongo Kabange | 21/06/2023

Banks are directed to comply with new guidance by end June 2023. For enhancements that require system changes, banks should comply within six months.