Hong Kong

Securities / Derivatives

Hang Seng Indexes Company Proposes to Create New China Index

By Editors | 22/02/2022

The proposed index would be comprised of HSCEI constituents as well as some A-shares, according to the consultation paper.

Fintech / Regtech

HKMA, PBOC Invite Firms to Test Fintech Initiatives Across GBA

By Editors | 21/02/2022

The objective of the link is to provide a “one-stop platform” to allow FIs and technology firms to pilot test their cross-boundary fintech initiatives, concurrently in Hong Kong and GBA cities.

Big Picture

HKCERT Warns of Information Security Risks in 2022

By Editors | 18/02/2022

NFT and metaverse-related risks, and crypto account hacks and thefts, were cited as top information security risks for the first time.

Securities / Derivatives

HK Government Set to Issue Inaugural Retail Green Bond

By Sanday Chongo Kabange | 17/02/2022

Hong Kong financial secretary Paul Chan said the issuance allows residents to “directly contribute to greening Hong Kong and share the fruit of the sustainable development”.

Securities / Derivatives

HK SPAC Regime Threatened by Lack of D&O Insurance – Report

By Editors | 17/02/2022

Few insurers in Hong Kong provide liability insurance for directors and officers of SPACs. Those that do charge premiums up to five times higher than for traditional IPOs.

Enforcement

HK Court Orders Illicit Insider Dealing Profits to Be Returned

By Editors | 17/02/2022

Illicit profits made from insider dealing in the shares of GEM-listed TeleEye Holdings in 2016 will be returned to 63 investors.

Market Infrastructure

StanChart HK Becomes Direct Participant of China’s CIPS

By Editors | 16/02/2022

Standard Chartered Hong Kong is the first foreign bank qualified as a direct participant of China’s Cross-border Interbank Payment System in the offshore market.

AML / KYC

SFC Fines South China Commodities for AML Breaches

By Editors | 14/02/2022

This is the third action the SFC has taken against a licensed firm over the use of Xinguanjia, a customer supplied system provided by Hengxin Software.

HKMC Signs Infrastructure Financing MoUs with 14 More Banks

By Editors | 13/02/2022

The partner banks will identify infrastructure-related loan assets for the HKMC’s Infrastructure Financing and Securitisation business.