ADVERTISEMENT
Enforcement
SFC Fines Optimas Capital Over Short Position Reporting Errors
By Editors | 15/04/2021
The errors occurred as a result of a programming mistake in a script created to automate the process of identifying reportable short positions.
AML / KYC
Hong Kong: Nine Arrested for Laundering HK$900 Million
By Editors | 15/04/2021
Part of the laundered funds came from 55 victims of investment frauds and romance scams, police say.
AML / KYC
HSBC Agrees to Share Documents in Meng Extradition Case
By Editors | 14/04/2021
A Hong Kong judge has approved an agreement between Huawei and HSBC that includes document sharing by the bank, with some redactions.
Enforcement
SFC Wins Final Appeal in 2007 Insider Dealing Case
By Manesh Samtani | 07/04/2021
The Market Misconduct Tribunal and Court of Appeal both ruled against the SFC before the case was brought to the Court of Final Appeal.
Enforcement
SFC Adds ‘Ramp-and-Dump’ Syndicate Member to Wanted List
By Editors | 07/04/2021
An arrest warrant was issued for Zeng Lingxi, an alleged member of a syndicate suspected of operating ramp-and-dump scams on social media.
AML / KYC
Hong Kong to Allow Companies to Conceal Director Identities
By Manesh Samtani | 03/04/2021
The proposal will hamper the ability of investors, banks, property agents, researchers and journalists to carry out due diligence on transactions and counterparties.
Securities / Derivatives
HKEX Proposes to Streamline Listing Regime for Overseas Issuers
By Manesh Samtani | 03/04/2021
The proposed changes provide an easier path to a Hong Kong listing particularly for Chinese companies under pressure to delist from US exchanges.
Hong Kong: Group-Wide Supervision for Insurance Takes Effect
By Ranamita Chakraborty | 02/04/2021
The IA is looking to formally designate AIA Group, FWD Group and the Prudential Group as being subject to the new framework by mid-2021.
Market Infrastructure
HKMA, BOJ Launch Cross-border DvP Link for JGBs
By Editors | 02/04/2021
The link supports DvP settlement of the HKD sale and repo transactions using JGB as collateral, eliminating settlement risk on such transactions.
Enforcement
SFC Fines Black Marble Securities for Internal Control Failings
By Editors | 01/04/2021
The disciplinary action followed a client complaint about unauthorised trading activities in his account from August 2016 to July 2017.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.