Hong Kong

AML / KYC

Banks Should Use CDI to Streamline KYC, Credit Processes: HKMA

By Editors | 16/02/2023

Banks with material SME business are expected to complete their technical connection to the CDI and CCRA@CDI before the end of this year.

Fintech / Regtech

HSBC Launches Multicurrency Payment Platform for E-Commerce

By Editors | 13/02/2023

The platform allows e-commerce businesses in Hong Kong to receive payments from overseas customers in six currencies within minutes.

AML / KYC

HKMA Updates Guidance on Transaction Monitoring, Screening, Reporting

By Manesh Samtani | 10/02/2023

A key objective of the update is to support greater use of technology to generate targeted alerts and more actionable intelligence, the HKMA said.

Securities / Derivatives

HKEX to Support Listings by Nanjing Tech Enterprises

By Editors | 09/02/2023

Nanjing, home to about 18,000 technology enterprises, has become a significant growth centre for new economy industries, HKEX said.

AML / KYC

SFC Fines Jinrui Futures for AML Compliance Failures

By Editors | 08/02/2023

Jinrui Futures is the 5th firm to be fined over the use of software that allowed Mainland investors to trade in Hong Kong without opening a local securities account.

Securities / Derivatives

Hong Kong, Saudi Exchanges to Explore Cross Listings

By Sanday Chongo Kabange | 07/02/2023

A delegation to Saudi Arabia led by Hong Kong chief executive John Lee will try to persuade Aramco to list on HKEX’s market.

Big Picture

FSDC Paper Sets Out Key Factors to Facilitate VCM Growth

By Editors | 07/02/2023

FSDC paper discusses key considerations that would be conducive to the development of Hong Kong’s VCM ecosystem.

AML / KYC

SFC Seeks Early Submission of Data Required Under HKIDR

By Editors | 06/02/2023

Intermediaries are asked to submit their BCAN-CID Mapping Files as soon as possible to ensure sufficient time to verify the data and rectify any errors.

Securities / Derivatives

Hong Kong: New Regulatory Regime for Depositories to Start by 2025

By Editors | 06/02/2023

About 20 depositaries and 300 individuals will require licensing under RA 13, the new regulated activity for depositories of collective investment schemes.