Hong Kong

Securities / Derivatives

HKEX Considers Relaxing Listing Requirements for Tech Firms

By Editors | 14/09/2022

Under the proposals, the revenue requirement for commercialised tech firms would be lowered from HK$500 million to between HK$200-300 million.

Crypto / Digital Assets

SFC Allows HashKey to Manage Funds Comprising 100% Crypto

By Editors | 13/09/2022

HashKey says it will be allowed to manage funds exclusively investing in virtual assets in compliance with the SFC’s regulations

AML / KYC

FSDC Calls for Review of Hong Kong ‘Suitability’ Framework

By Manesh Samtani | 13/09/2022

The FSDC says Hong Kong’s suitability framework has grown too “complex” and the suitability obligations are “overly prescriptive”.

Securities / Derivatives

HKEX is Preparing for IPO Wave by Streamlining IPO Processes

By Editors | 12/09/2022

Chairwoman Laura Cha revealed that HKEX has over 170 IPO applications from companies, but many are waiting for market conditions to improve before listing.

Fintech / Regtech

HKMA, BOT Exploring Cross-border Payments Arrangement

By Editors | 12/09/2022

Visitors would be able to use their home faster payment system to pay for shopping and food in each other’s markets via their mobile phones.

HKMA Launches Online Resource for Aspiring Bankers

By Editors | 08/09/2022

The new platform, Banking GPS, provides information on major bank functions and job openings, tips on job-hunting, and experience sharing from practitioners.

Securities / Derivatives

HKEX to Enhance Obligations for Stock Options Market Makers

By Editors | 08/09/2022

A first phase of enhancements will take effect on 31 October 2022. A second phase will be implemented in H1 2023, subject to market readiness.

Securities / Derivatives

Big Four Auditor Facing HK Lawsuit Over Chinese Audit

By Editors | 07/09/2022

The liquidator of a now-collapsed Chinese biotech firm said the auditor could have easily exposed fraud by asking obvious questions.

ESG / Sustainability

Hong Kong Plans Measures to Lure ESG, Fintech Talent

By Editors | 06/09/2022

The government will also dedicate resources towards providing training aimed at developing local ESG talent. Applications for a fintech subsidy scheme will open on 10 September.