Hong Kong

Securities / Derivatives

HKFE Gets CFTC Certification for Two More China Futures Contracts

By Sanday Chongo Kabange | 08/12/2021

The certification of the two contracts means they can be offered and sold to persons in the US, and that US investors can trade the contracts from within the US.

HKEX Plans to Open New York Office in Early 2022 – Report

By Editors | 07/12/2021

The planned New York office will reportedly comprise only about five staff, subject to HKEX obtaining the necessary regulatory licences.

Enforcement

Hong Kong SFC Imposes Lifetime Ban on Former Licensee

By Editors | 06/12/2021

The former licensee offered to invest for two students he taught, and then misappropriated their funds for his personal use.

Enforcement

HK Court Acquits Former HKEX Official in Bribery Case

By Editors | 06/12/2021

The court ruled that the prosecution did not prove that IPO consultant Richard Lum had bribed the former joint-head of HKEX’s IPO vetting team, Eugene Yeoh.

Fintech / Regtech

HKMA Launches Enhanced Competency Framework on Fintech

By Editors | 06/12/2021

Banks are “strongly encouraged” to adopt the ECF-Fintech as part of their overall efforts to support the professional development of employees.

Enforcement

Hong Kong FRC Launches New Whistleblowing Policy

By Editors | 05/12/2021

Protecting whistleblowers’ identities will be the FRC’s highest priority. It will not share any personal information to outside parties unless it is “legally obliged to do so”.

ESG / Sustainability

HKEX Launches Net Zero Guide, ESG Metrics on STAGE

By Editors | 05/12/2021

The Net Zero Guide will help companies develop a pathway to net-zero. A new equities section on STAGE will provide a consolidated view of ESG ratings from different providers.

Enforcement

SFC Bans Former Private Banker Over False Academic Qualifications

By Editors | 01/12/2021

The SFC considers the former relationship manager to not be fit and proper as her conduct was “plainly dishonest”.

ESG / Sustainability

Hong Kong SFC Targets Adoption of Global ESG Standards

By Manesh Samtani | 01/12/2021

Chairman Tim Lui says the SFC is currently evaluating ESG disclosures “much more closely” and looking for more ways to reduce opportunities for greenwashing.