Hong Kong

Market Infrastructure

A New Structure for Private Equity Funds in Hong Kong

By Su Cheen Chuah | 28/03/2020

The Limited Partnership Fund Bill will be seen by PE industry stakeholders as a positive step towards bringing Hong Kong’s active PE market onshore, says international law firm Deacons.

Securities / Derivatives

Hong Kong to Update List of FSPs Under Clearing Obligation

By Editors | 27/03/2020

Eight additional entities are proposed to be included on the list of Financial Services Providers under the OTC derivatives clearing regime.

Securities / Derivatives

SFC Steps Up Scrutiny of Fund Industry Amid Recent Volatility

By Editors | 27/03/2020

The SFC reminds managers, trustees, custodians and intermediaries of funds to look out for clients interests amid “unprecedented volatility across asset classes”.

ZA Bank Announces Launch as Hong Kong’s First Virtual Bank

By Editors | 25/03/2020

ZA Bank – backed by mainland insurer ZhongAn Online P&C Insurance and Sinolink Group – won one of the first approvals to set up a virtual bank in March last year.

Enforcement

ICAC Charges Ex-HKEX Official for Bribery, Misconduct

By Editors | 25/03/2020

A former joint-head of HKEX’s IPO Vetting Team has been charged over HK$9.15mn in bribes and misconduct in public office between June 2017 and April 2019.

Enforcement

SFC Imposes Lifetime Ban on Former China Pacific Securities Broker

By Editors | 24/03/2020

The former broker was convicted and jailed in December 2018 for stealing over HK$110mn in shares from China Pacific’s clients over a seven-year period.

Market Infrastructure

Hong Kong Introduces Legislation to Enhance Regulatory Framework for Insurers

By Editors | 23/03/2020

The bills provide a regulatory regime for insurance-linked securities, expand the scope of insurable risks of captive insurers, and empower the IA to regulate insurers at the group level.

Capital / Liquidity

HK, Singapore, Indonesia Assessed as NSFR, LEX Compliant

By Editors | 22/03/2020

Hong Kong, Singapore and Indonesia were assessed as compliant with global standards for the net stable funding ratio and large exposures framework.

Securities / Derivatives

HKEX to Introduce Master SPSA Service for Fund Managers

By Editors | 18/03/2020

The new service allows pre-trade checking of China A shares for northbound trading at the fund manager level rather than at the individual fund level.