Hong Kong

ESG / Sustainability

HK Regulators Offer Support for New Climate Action Plan

By Manesh Samtani | 13/10/2021

The Green and Sustainable Finance Cross-Agency Steering Group pledges support for the government’s Climate Action Plan 2050.

Securities / Derivatives

HKMA, SFC Outline Expectations on Sale of ILS Products

By Manesh Samtani | 11/10/2021

The circular follows the $30mn issuance of Hong Kong’s first catastrophe bond by Greater Bay Re, a state-sponsored special purpose vehicle.

Securities / Derivatives

HKFE Obtains CFTC Certification for A-share Futures

By Editors | 11/10/2021

The new contract will commence trading next week. The certification means it can be offered and sold to persons in the US.

Securities / Derivatives

SFC, HKMA Release Findings on Investment Product Sales

By Editors | 08/10/2021

Firms sold investment products with an aggregate transaction amount of HKD 5.7 trillion during 2020, with the participation of over 700,000 investors.

Market Infrastructure

Hong Kong Announces Initiatives to Bolster Financial Hub Status

By Manesh Samtani | 07/10/2021

Chief Executive Carrie Lam announced measures to improve the stock market listing regime and enable RMB-denominated securities in Hong Kong.

AML / KYC

HK ICAC, FRC to Collaborate on Financial Market Malpractice

By Editors | 07/10/2021

The new MoU sets out a framework for cooperation, covering case referrals, joint investigations, information exchange, mutual investigative assistance and training.

AML / KYC

HKMA Issues Guidance on Preventing eDDA Fraud

By Editors | 06/10/2021

The HKMA provides good practices banks can use to guard against different fraud scenarios when offering electronic direct debit authorisation services.

Fintech / Regtech

HKMA Seeks Input on Technical Design for Retail CBDC

By Manesh Samtani | 05/10/2021

The technical architecture proposed in a new whitepaper includes a privacy preservation arrangement that also allows for transaction traceability.

Sanctions

Evergrande Poses No Threat to Hong Kong Stability: Paul Chan

By Sanday Chongo Kabange | 05/10/2021

Evergrande accounts for just 0.05 percent of local banking assets. Trading in the company’s shares was suspended on Monday ahead of a major announcement.