Hong Kong

AML / KYC

Hong Kong Launches AML Information Sharing Platform for Banks

By Manesh Samtani | 21/06/2023

The five banks participating in the pilot phase are BOCHK, Standard Chartered, HSBC, Hang Seng Bank, and ICBC Asia.

Hong Kong Banks Partner with ECIC on Export Loan Risk Sharing

By Editors | 21/06/2023

The risk-sharing arrangement will make it easier for Hong Kong firms to obtain credit insurance and bank financing for trade with the mainland.

Enforcement

SFC Fines Taiping Securities Employee Dealing Control Failures

By Editors | 19/06/2023

Responsible officer had 293 transactions that exceeded the trading limit prescribed for his personal account.

Market Infrastructure

HKEX Launches HKD-RMB Dual Counter Model

By Manesh Samtani | 19/06/2023

24 Hong Kong-listed companies have started offering both HKD and RMB trading counters.

Crypto / Digital Assets

HKMA Meets with Crypto Firms on Banking Access Challenges

By Karen Ng | 19/06/2023

Banks operating in Hong Kong should endeavour to meet the legitimate business need of licensed VASPs, the HKMA told Regulation Asia.

Enforcement

HK Customs Arrests 23 Men for Money Laundering via Air Travel

By Mark Johnston | 16/06/2023

HK Customs officers seized HKD 43 million and arrested 23 men for laundering HKD 720 million via air passengers.

Crypto / Digital Assets

UBS, BOCI Issue First Digital Structured Notes for APAC Clients

By Mark Johnston | 14/06/2023

In collaboration with UBS, BOCI has become the first Chinese financial institution to issue a tokenised security in Hong Kong.

Hong Kong Launches Network of Family Office Service Providers

By Sanday Chongo Kabange | 13/06/2023

The ‘Network of Family Office Service Providers’ will seek to support local and global family offices in setting up or expanding in the Hong Kong market.

Crypto / Digital Assets

HKMA to Start ‘Paving the Way’ for e-HKD Implementation

By Manesh Samtani | 12/06/2023

The HKMA expects that it will take at least two to three years to build a wholesale layer of production grade for possible e-HKD implementation.