Hong Kong

AML / KYC

SFC Issues Guidance on Crypto Licensing Transitional Arrangements

By Manesh Samtani | 05/06/2023

Crypto firms with “meaningful and substantial presence” in Hong Kong prior to 1 June 2023 can continue to provide services.

Enforcement

HK Police Arrest Man for Illegal Short Selling, Fraud

By Editors | 04/06/2023

The man fabricated trading statements that falsely showed he held shares in four listed companies he short-sold, when in fact he did not, the SFC said.

ESG / Sustainability

Hong Kong Raises Record $6b in Latest Green Bond Offering

By Editors | 04/06/2023

The green bonds were five times oversubscribed and will be listed on both the Hong Kong and London stock exchanges on 7 June.

HKMA Issues Public List of Bank-Owned Trust Businesses

By Sanday Chongo Kabange | 02/06/2023

All entities on the list have provided the HKMA an annual declaration on their compliance with a new code of conduct for bank-related trust businesses.

Capital / Liquidity

HKMA Consults on Output Floor, Credit Risk Framework

By Editors | 31/05/2023

The consultation focuses on the implementation of the revised credit risk framework and the output floor.

AML / KYC

HKMA: Revised AML Guideline Raises Focus on Effectiveness

By Ranamita Chakraborty | 31/05/2023

HKMA’s Carmen Chu says an external consultant has been engaged to help prepare a new guidance paper on AML/CFT controls for PEPs.

ESG / Sustainability

HKMA Consults on Prototype Green Classification Framework

By Manesh Samtani | 30/05/2023

The HKMA commissioned Climate Bonds Initiative to develop the prototype, which focuses on activities in the energy, transport, buildings, waste and water sectors.

Crypto / Digital Assets

HKMA to Ramp Up Cross-border Collaboration with UAE

By Editors | 30/05/2023

The HKMA will form a joint working group with CBUAE and banking sector stakeholders to take forward the agreed initiatives.

ESG / Sustainability

HKMC Securitises First Batch of Infrastructure Loans

By Editors | 30/05/2023

HKMC’s pilot securitisation includes a $100mn sustainability tranche backed by sustainable, green and social assets.