Hong Kong

HKMA Finalises Code of Conduct Requirements for Banks

By Editors | 12/12/2022

Banks have until 1 July 2023 to ensure their Code of Conduct and internal control systems are consistent with the revised SPM module.

ESG / Sustainability

HKMA Issues Guidance for Banks on Reducing Greenwashing Risks

By Editors | 12/12/2022

The guidance is based on thematic examinations at banks, conducted to ensure they proper systems and control in place to manage their green and sustainable products.

Securities / Derivatives

Industry Ranks Singapore Top APAC Market to Operate In

By Editors | 11/12/2022

In an ASIFMA survey, capital market participants ranked Singapore as the top market for its political environment and predictable and transparent regulatory policy.

Hong Kong Unveils Insurance Sector Development Roadmap

By Editors | 11/12/2022

The roadmap includes plans to explore ways to connect Mainland and Hong Kong insurance markets and introduce a new policyholders’ protection scheme.

AML / KYC

Hong Kong Legislative Council Passes AML/CTF Amendment Bill

By Manesh Samtani | 08/12/2022

New licensing regime for VASPs will start on 1 June 2023. New registration regime for precious metals dealers will start on 1 April 2023.

Crypto / Digital Assets

Three Firms Apply to Launch Crypto ETFs in Hong Kong

By Editors | 07/12/2022

Three fund managers have submitted applications to the SFC seeking approval to list ETFs in Hong Kong that invest in bitcoin and ether futures.

Market Infrastructure

Chinese, Hong Kong Firms Increasingly Setting Up in Singapore

By Editors | 06/12/2022

Up to 500 Chinese companies are estimated to have set up in Singapore this year. Meanwhile Hong Kong hedge funds are increasingly setting up operations in the city-state.

Crypto / Digital Assets

HashKey, SEBA Form Partnership to Drive Digital Assets Adoption

By Editors | 06/12/2022

The groups will collaborate to accelerate the institutional adoption of digital assets in Hong Kong and Switzerland.

Market Infrastructure

HKTR Announces Transitional Arrangement to Accommodate UTI Reporting

By Editors | 05/12/2022

Due to different UT adoption timelines across jurisdictions, reporting entities are allowed to report the UTI in any of the data fields of “UTI-USI”, “UTI-TID” or “Global UTI”.