Hong Kong

HKMA Issues Bank Guidance on Selling Protection Linked Plans

By Editors | 12/07/2022

Banks should discuss their plans for selling PLP with the HKMA and the details of pre-implementation reviews conducted by an independent party.

Market Infrastructure

HK Banks Must ‘Fully’ Participate in New Credit Reference Platform

By Manesh Samtani | 11/07/2022

The new platform, expected to be launched by year-end, will serve as an interface for lenders and CRAs to share consumer credit information.

Capital / Liquidity

HKMA Consults on Implementation of Basel III Reforms

By Editors | 08/07/2022

The proposed amendments relate to the implementation of Basel III final reform package, specifically in relation to credit risk and the output floor.

Securities / Derivatives

Alder to Leave SFC to Take Up Role as FCA Chair

By Editors | 08/07/2022

Ashley Alder became the SFC’s CEO in October 2011. His new appointment as chair of the UK FCA will start in January 2023.

HKMA Joins International Financial Consumer Protection Organisation

By Editors | 07/07/2022

FinCoNet’s membership includes more than 30 regulators responsible for financial consumer protection around the world.

Securities / Derivatives

FIA Highlights Challenges of HKEX Position Limits Proposals

By Sanday Chongo Kabange | 07/07/2022

The introduction of two more tiers in the position limit regime for single stock options and futures would bring additional operational challenges for exchange participants.

Securities / Derivatives

HKEX Launches New Digital Investor Relations Platform

By Editors | 06/07/2022

IR Connect provides listed companies free access to shareholder analysis, market data, key stock statistics, research ratings, and competitor information.

Enforcement

Hong Kong Police Arrest Eight in Joint Operation With SFC

By Editors | 06/07/2022

The joint operation involved a loan granted by a listed company to a related party and payments purportedly made to suppliers that instead went to related parties.

ESG / Sustainability

HKEX Announces New Collaboration to Develop Carbon Market

By Manesh Samtani | 06/07/2022

HSBC, Standard Chartered, BNP Paribas, ANZ, ICBC, Bank of China and others will sit on a new council to help develop a Hong Kong-based international carbon market.