Hong Kong

Fintech / Regtech

Hong Kong’s Regulatory Landscape for Data and Technology Risk

By Albert Yuen | 09/01/2023

Albert Yuen and Jasmine Yung at Linklaters discuss Hong Kong’s regulatory approach to technology risk and data security.

ESG / Sustainability

Hong Kong Raises $5.8b in Asia’s Largest Green Bond Issuance

By Editors | 09/01/2023

Hong Kong is the first government issuer in Asia to issue green bonds in three currencies concurrently, said Financial Secretary Paul Chan.

HKMA Raises Bar on Banks’ Complaints Handling Protocols

By Editors | 08/01/2023

Banks are expected to proactively make use of alternate dispute resolution channels when complaints cannot be resolved through their internal mechanisms.

AML / KYC

HKMA to Scale Up AML Efforts in 2023: Carmen Chu

By Bradley Maclean | 04/01/2023

Executive Director Carmen Chu discusses the actions the HKMA is taking to disrupt AML threats to Hong Kong, and technology initiatives that are making a difference.

Fintech / Regtech

Hong Kong Consults on Crowdfunding Regulatory Regime 

By Sanday Chongo Kabange | 03/01/2023

A Crowdfunding Affairs Office will be set up to centrally process and coordinate regulatory and administrative matters related to crowdfunding activities.

Fintech / Regtech

InvestHK Launches Platform to Promote Fintech Development

By Editors | 30/12/2022

The ‘FintechHK Community Platform’ allows users from fintechs, corporates, investors, and service providers to connect with one another.

AML / KYC

SFC to Collect More Granular Data from Licenced Firms

By Manesh Samtani | 30/12/2022

Many of the new questions in the SFC’s updated BRMQ focus on AML/CFT practices and brokerage business controls.

ESG / Sustainability

HKMA Revises SPM to Embed Climate Risk in Supervisory Approach

By Editors | 30/12/2022

Revised SPM illustrates the HKMA’s approach to the supervision of emerging risks such as climate risk under its risk-based supervisory approach.

HK Regulators Identify Issues in Sales of Tax-deductible Products

By Sanday Chongo Kabange | 28/12/2022

Mystery shopping programme identified deficiencies in QDAP and TVC sales practices. Insurers and intermediaries with adverse findings will be required to take remedial actions.