Hong Kong

    image

    Market Infrastructure

    Bangkok Bank Becomes First Thai Bank to Access CLSSettlement

    By Manesh Samtani | 30/05/2023

    Bangkok Bank Hong Kong Branch can use CLSSettlement to benefit from PvP settlement and mitigate FX settlement risk.

    image

    Crypto / Digital Assets

    New Crypto Industry Bodies Launch in Hong Kong

    By Manesh Samtani | 29/05/2023

    The new industry bodies are a response to Hong Kong’s new licensing regime for the crypto industry, which will come into effect from 1 June.

    image

    Crypto / Digital Assets

    Hong Kong Police Launch “CyberDefender Metaverse” Platform

    By Editors | 29/05/2023

    The platform is designed to help educate the public about cyber crimes in the Metaverse, especially those involving virtual assets.

    image

    Enforcement

    HK SFC Disqualifies Former Luxey International Directors

    By Ranamita Chakraborty | 25/05/2023

    A Hong Kong court found two former Luxey International directors responsible for fraudulently inflating the price of a corporate acquisition and pocketing the gains.

    image

    AML / KYC

    Hong Kong SFC Issues Updated AML/CFT Guidelines

    By Editors | 25/05/2023

    The updated AML/CFT guideline includes a new stand-alone chapter on regulatory requirements and standards for addressing ML/TF risks associated with virtual assets.

    image

    AML / KYC

    SFC Finalises Licensing Regime for Crypto Trading Platforms

    By Sanday Chongo Kabange | 24/05/2023

    The SFC will start accepting licence applications from virtual asset trading platforms starting 1 June.

    image

    Securities / Derivatives

    SFC Consults on Revisions to Takeovers and Share Buy-back Rules

    By Editors | 21/05/2023

    This includes a proposal to add a new rule to give an offeror and an offeree company the option to despatch Codes documents by electronic means.

    image

    Securities / Derivatives

    HKEX Announces Launch Date for HKD-RMB Dual Counter Model

    By Editors | 21/05/2023

    The HKD-RMB Dual Counter Model will launch on 19 June 2023. HKEX is now accepting applications for Dual Counter Market Makers.

    image

    Crypto / Digital Assets

    HKMA Launches e-HKD Pilot Programme With 16 Firms

    By Editors | 19/05/2023

    HSBC, StanChart, BOCHK, CCB, ICBC, Hang Seng Bank, Alipay, Ripple, Visa, Mastercard and ZA Bank are among those involved in HKMA’s pilot.

    image

    Enforcement

    SFC Fines Brokerage for Negligence During Share Placement

    By Editors | 19/05/2023

    China On Securities used incorrect prices in contract notes and transferred shares to placees without first requiring payment.

    JOIN OUR NEWSLETTER

    An exclusive weekly selection of top stories from the Regulation Asia editorial team.