Hong Kong

Market Infrastructure

Benchmark Reform: HONIA Beckons but is Hong Kong Ready?

By CorporateTreasurer | 20/01/2020

TMA published feedback from market participants on HONIA as the successor to HIBOR in late December but unlike its US counterpart SOFR, Asian businesses are taking time to adapt.

Enforcement

Review Panel Offers Recommendations for Improving SFC Operations

By Editors | 17/01/2020

While welcoming the SFC’s front-loaded regulatory approach, the Process Review Panel says the regulator should be aware of its possible unintended effects and consider ways to minimise them.

ESG / Sustainability

Hong Kong, Thailand Set to Sign Cross-Border Funds Agreement

By Editors | 17/01/2020

Hong Kong’s SFC and Thailand’s SEC plan to sign a mutual recognition of funds agreement within the second quarter of this year.

ESG / Sustainability

HKMA Urges Family Offices to Set Up in Hong Kong

By Editors | 17/01/2020

The HKMA has been working to enhance Hong Kong’s competitiveness as a family office hub by developing talent, enhancing investment opportunities, and outreach.

Market Infrastructure

HKMA Reveals Preliminary Findings from Bank Culture Assessments

By Manesh Samtani | 16/01/2020

HKMA executive director Alan Au says banks generally agree with the need to foster sound bank culture and have been implementing a range of culture enhancement initiatives.

Securities / Derivatives

Hang Seng Index Operator Seeks Views on Constituent Eligibility

By Editors | 16/01/2020

The operator of the Hang Seng Index is soliciting market views on the eligibility of weighted voting rights and secondary-listed companies for inclusion in the benchmark.

Securities / Derivatives

Hong Kong, China Resume Discussions on ETF Connect

By Editors | 15/01/2020

SFC deputy chief executive Julia Leung has indicated that discussions with the CSRC have resumed to address the technical challenges of implementing an ETF Connect.

Enforcement

SFC Lifts UBS Underwriting Suspension Two Months Early

By Editors | 14/01/2020

The SFC is satisfied that UBS has adequate and effective systems, controls, policies and procedures to enable compliance with all requirements in relation to its sponsor business.

Securities / Derivatives

HKEX Asks Participants to Prepare Systems for Investor Compensation Levy

By Editors | 13/01/2020

While the collection of the investor compensation levy is currently suspended, exchange participants should take necessary actions to prepare for its calculation and payment.