Hong Kong

Enforcement

SFC Bans Ex-Convoy Licensee Over Stock Manipulation Scheme

By Editors | 05/03/2023

A Convoy Asset Management consultant was banned for life for his role in a stock manipulation scheme and for lying to the SFC.

AML / KYC

SFC Calls on Investors to Provide Consent for HKIDR Regime

By Editors | 03/03/2023

After the launch of HKIDR on 20 March, investors who haven’t provided consent will not be able to buy securities on the stock exchange.

HKEX to Open London Office Within H1 2023

By Editors | 03/03/2023

The SEHK and HKFE were confirmed as Recognised Overseas Investment Exchanges by the UK’s FCA this week.

Enforcement

HKEX Warns Issuers Against Using “Partial Truth” Disclosures

By Editors | 02/03/2023

Disciplinary action may follow if an announcement is misleading as a result of omission of material information, HKEX said.

Securities / Derivatives

HKEX to Finalise New Listing Regime This Month – Reports

By Editors | 02/03/2023

Listing rule amendments designed to attract specialist tech firms to list in Hong Kong are expected to be finalised this month.

Hong Kong Appoints Ex-Regulators to HKEX Board

By Editors | 02/03/2023

Former HKMA chief Joseph Yam and ex-SFC chairman Carlson Tong have been appointed as board directors for HKEX.

Market Infrastructure

IDX Seeks to Secure Dual-Listing Arrangement with HKEX

By Editors | 01/03/2023

IDX is seeking a mechanism to allow Indonesian start-ups, state-owned enterprises, and index ETFs to list in Hong Kong.

Crypto / Digital Assets

SFC Authorises HashKey to Conduct OTC Crypto Trades

By Editors | 01/03/2023

The approval allows HashKey to act as an intermediary to facilitate trades between parties including for unlisted tokens.

Securities / Derivatives

HKEX to Commence FINI External User Testing from 1 March

By Editors | 28/02/2023

External user testing will occur between 1 March and 19 May. The new web-based platform will officially roll out later this year.