Hong Kong

Market Infrastructure

Banks Already Pricing Transition Risks in Loans: HKMA

By Manesh Samtani | 15/08/2021

New research finds that APAC banks are charging ‘brown’ firms a higher lending rate than ‘non-brown’ firms, by around 23 basis points, since the Paris Agreement.

AML / KYC

ICAC Charges Company Director for Fraud, Money Laundering

By Sanday Chongo Kabange | 13/08/2021

The director faces charges for defrauding BOCHK into making L/C payments to a supplier and then laundering the proceeds back to his own company.

Securities / Derivatives

HKEX to Launch of New Options on Futures Contracts

By Editors | 12/08/2021

Before offering OOF products to clients, participants should ensure system readiness and that end clients understand the settlement mechanism and risk involved.

AML / KYC

HKMA Issues “Mandate” for Innovation in AML/CFT

By Manesh Samtani | 12/08/2021

The HKMA will launch interactive lab sessions to experiment with new technologies and emerging data analytics techniques, with an initial focus on network analytics and NLP.

AML / KYC

SFC Finalises Investor ID, OTC Securities Reporting Regimes

By Manesh Samtani | 11/08/2021

The investor identification regime is expected to be launched in H2 2022. The securities transactions reporting regime will go live in H1 2023.

Enforcement

Former HKEX Exec Pleads Not Guilty to Corruption Charges

By Editors | 11/08/2021

The former co-head of HKEX’s IPO-vetting team, Eugene Yeoh, was arrested in June 2019 for alleged bribery and misconduct in public office.

Securities / Derivatives

Hong Kong ICAC Charges Securities Brokers for Bribery

By Editors | 08/08/2021

Two securities brokers accepted commissions to arrange for their clients to use a futures trading programme provided by a software company.

Securities / Derivatives

Deutsche Bank Set to Regain Ability to Sponsor HK IPOs

By Ranamita Chakraborty | 05/08/2021

Deutsche Bank has reportedly secured two senior hires who will be able to act as IPO principals, subject to regulatory approval.

AML / KYC

Crypto Crime Reaches Record Levels in Hong Kong

By Editors | 04/08/2021

Victims lost HK$214m in cryptocurrency crimes in the first half of 2021, compared to HK$114.4mn across all of 2020.