Hong Kong

    Enforcement

    SFC Freezes Brokerage Accounts Linked to Social Media Scam

    By Editors | 11/02/2021

    One of the SFC’s top priorities for the year is to crack down on ramp and dump scams and other types of market manipulation conducted through social media.

    Securities / Derivatives

    HKEX Appoints JP Morgan’s Nicolas Aguzin as New CEO

    By Manesh Samtani | 09/02/2021

    Aguzin is expected to help HKEX continue to build its competitiveness and support the ongoing growth and development of Hong Kong’s financial markets.

    AML / KYC

    HK Banks Told to Stop Accepting BNO Passports as Valid ID

    By Editors | 09/02/2021

    The HKAB updated its guidance for banks after the government said it would no longer recognise BN(O) passports as valid travel documents or forms of identity.

    Securities / Derivatives

    SFC Sets Out Conduct Standards Expected in Capital Raisings

    By Editors | 08/02/2021

    The proposals establish the standards of conduct expected of intermediaries participating in bookbuilding, pricing, allocation and placing activities.

    HKMA Extends Initiative to Nurture Talent for Banking Industry

    By Editors | 08/02/2021

    The HKMA will continue to reimburse participating institutions up to 50% of the monthly salary of programme participants and subsidise professional training course fees.

    AML / KYC

    Greater Bay Regulators Sign MoU on Wealth Management Connect

    By Manesh Samtani | 07/02/2021

    The regulators agree to issue guidance to banks on product due diligence, investor protection, AML/CFT requirements and personal data protection, among other areas.

    Market Infrastructure

    UPDATED – HKEX to Acquire Stake in Guangzhou Futures Exchange

    By Editors | 07/02/2021

    The move, being the first-ever equity investment in a mainland futures exchange by a non-mainland investor, will help HKEX promote green and low-carbon markets across the region.

    Capital / Liquidity

    HK Bank Profitability Suffers, Loan Quality Deteriorates

    By Editors | 04/02/2021

    HKMA deputy chief executive Arthur Yuen says banks will continue to face challenges this year as Hong Kong suffers its worst recession on record.

    Securities / Derivatives

    Asian Regulators Issue Warnings as GameStop Remains in Focus

    By Manesh Samtani | 04/02/2021

    Authorities in Hong Kong, Singapore, Korea and Malaysia are among those issuing warnings of possible investor losses as heightened volatility continues.

    Market Infrastructure

    Hong Kong MPFA Awards eMPF Contract to PCCW Solutions

    By Ranamita Chakraborty | 02/02/2021

    PCCW Solutions will build, implement, operate and maintain Hong Kong’s new eMPF Platform, with Singapore’s iFAST as its prime subcontractor.

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