Hong Kong

AML / KYC

Hong Kong’s Proposed Licensing Regime for VASPs

By Michael P Wong | 06/06/2021

Dechert partner Michael Wong looks at the potential impact of Hong Kong’s newly proposed licensing regime for virtual asset service providers.

AML / KYC

HKIFA Warns Against Concealing Company Director Information

By Editors | 04/06/2021

The government proposal to stop requiring companies to reveal certain information about directors will hinder fund managers’ ability to conduct due diligence.

Capital / Liquidity

HKMA Issues Guidance on Counterparty Credit Risk Framework

By Editors | 03/06/2021

The guidance is aimed at facilitating consistent interpretation and application of the capital requirements under the BCR as amended in April.

Securities / Derivatives

Hong Kong Passes Bill to Increase Stamp Duty on Stock Trades

By Manesh Samtani | 03/06/2021

HKEX has asked market participants to prepare their systems in preparation for the 1 August stamp duty increase.

SFC, HKMA Instruct Regulated Firms to Promote Vaccinations

By Manesh Samtani | 03/06/2021

The SFC says vaccinations are a critical part of operational risk management. The HKMA is requiring banks to submit a list of unvaccinated staff.

Market Infrastructure

Hong Kong, Shanghai Announce First ETF Cross-Listings

By Editors | 02/06/2021

The ETF cross-listing mechanism provides Chinese investors another avenue to access the Hong Kong market besides Stock Connect.

Capital / Liquidity

HKMA Considers Regulating Mortgage Lending by Nonbanks

By Manesh Samtani | 01/06/2021

Non-bank institutions such as finance companies and property developers have managed to circumvent the HKMA’s mortgage lending limits.

Securities / Derivatives

HKEX Waives Fees on Fixed Income & Money Market ETFs

By Editors | 01/06/2021

Trading tariffs and stock settlement fees have been waived for 29 fixed income and money market ETF trading counters.

HK to Exempt Top Execs of Financial Firms from Quarantine

By Sanday Chongo Kabange | 31/05/2021

Senior executives of licensed financial corporations or their overseas affiliates who are fully vaccinated, and meet the eligibility criteria, may apply for the exemption.