Hong Kong

    Enforcement

    Hong Kong ICAC Charges Ex-HSBC Banker for Accepting Bribes

    By Editors | 09/09/2021

    The bribes were paid as an inducement to or reward for the ex-banker to conceal the identity of the ultimate controller of two SMEs that obtained loans from HSBC.

    Market Infrastructure

    HKMA Urges Continued Momentum in Bank Culture Efforts

    By Manesh Samtani | 09/09/2021

    Culture is the “invisible glue” that holds a bank together and assumes an even more critical role during the pandemic, says the HKMA’s Arthur Yuen.

    ESG / Sustainability

    Hong Kong Explores Role in Unified GBA Carbon Market

    By Sanday Chongo Kabange | 08/09/2021

    Hong Kong is exploring opportunities to establish a unified carbon market in the Greater Bay Area, leveraging the Guangdong ETS and Shenzhen ETS.

    Market Infrastructure

    Greater Bay Wealth Connect Launch Imminent

    By Manesh Samtani | 07/09/2021

    An announcement may come as early as Friday, ahead of a formal launch on the first Monday after China’s Golden Week holiday.

    Securities / Derivatives

    HKEX to Roll-out New Workflow for Derivatives Position Adjustments

    By Editors | 07/09/2021

    The enhancement will allow clearing participants to submit position adjustments requests directly at DCASS Online, replacing the existing paper-based workflow.

    Securities / Derivatives

    Deutsche Bank Reinstated as IPO Sponsor in Hong Kong

    By Editors | 03/09/2021

    The SFC has approved three new Deutsche Bank hires who can act as IPO sponsor principals, after its licence was suspended in July due to a staffing gap.

    Securities / Derivatives

    HKEX Identifies Compliance Deficiencies by Exchange Participants

    By Sanday Chongo Kabange | 03/09/2021

    In a new bulletin, HKEX offers guidance on compliance with LOP reporting, client margin and block trade order execution requirements.

    Securities / Derivatives

    HKEX, HKSTP to Collaborate on Biotech, Fintech Initiatives

    By Manesh Samtani | 02/09/2021

    HKEX will leverage expertise from Hong Kong Science and Technology Parks Corp to help it review biotech listing applications.

    Securities / Derivatives

    HKMA, SFC to Develop Concentration Risk Alerting System – Report

    By Editors | 01/09/2021

    The new system is intended to detect excessive risk-taking by banks and investment funds to guard against an Archegos style collapse.

    AML / KYC

    SFC Suspends Former Emperor Representative for 2 Years

    By Manesh Samtani | 01/09/2021

    The broker transferred client money through bank accounts he owned to help two clients transfer money to/from the Mainland, among other violations.

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