Hong Kong

    Market Infrastructure

    HKMA, SFC Consult on Calculation Periods for OTC Derivatives Clearing

    By Editors | 16/12/2021

    The existing list of calculation periods will be exhausted in about one year’s time. The HKMA and SFC propose to add eight similar calculation periods to the clearing rules.

    AML / KYC

    Hong Kong, Singapore Authorities Arrest 10 in Joint Operation

    By Manesh Samtani | 16/12/2021

    Six senior executives of Hong Kong listed companies were among those arrested, for operating a cross-border pump-and-dump manipulation scheme.

    HKMA Raises Concerns Over Outside Mandates of Bank Directors

    By Manesh Samtani | 16/12/2021

    Banks have to report all outside mandates held by each director and chief executive, and address any conflicts of interest and time commitment issues.

    ESG / Sustainability

    HK to Enhance Mainland Connection via Stock Connect, Carbon Market

    By Sanday Chongo Kabange | 15/12/2021

    The SFC is seeking to align Hong Kong’s trading days with the mainland, add more securities to Stock Connect, and establish a cross-border carbon market.

    Securities / Derivatives

    SFC Set to Launch Digital Licensing Platform on WINGS

    By Editors | 15/12/2021

    New electronic licensing forms for licence applications, annual returns, notifications and regulatory filings are to be submitted through WINGS from 3 January.

    Securities / Derivatives

    HKEX Lists First ETFs Tracking MSCI China A 50 Connect Index

    By Sanday Chongo Kabange | 14/12/2021

    Two ETFs managed by China Asset Management and CSOP Asset Management listed on Monday, while a third will list on today.

    Securities / Derivatives

    SFC Sets Out Rules for Quarantine-free Travel to Mainland

    By Manesh Samtani | 14/12/2021

    Staff or directors of licensed corporations whose main purpose of travel is for the management of the firm’s Mainland business are eligible.

    ESG / Sustainability

    HK Bourse Finalises New Rules on Governance, Board Diversity

    By Editors | 13/12/2021

    Amended corporate governance code and listing rules will require firms to ensure board independence, refreshment, and diversity from 1 January 2022.

    ESG / Sustainability

    PBOC Reiterates Commitment to Hong Kong Financial Centre

    By Sanday Chongo Kabange | 13/12/2021

    Key areas of collaboration to enhance Hong Kong’s roles as an international financial centre include CBDC, regtech, green finance development.

    Fintech / Regtech

    HK Associations Published Revised Code of Banking Practice

    By Editors | 13/12/2021

    Banks are expected to achieve full compliance with the new provisions within six months. The Code is endorsed by the HKMA.

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