Hong Kong

Capital / Liquidity

Three Emerging Risk Issues for Banks in Hong Kong

By Simon Topping | 09/01/2020

There are three key areas where Hong Kong regulators are expected to turn up the heat in 2020, says KPMG’s Simon Topping.

Enforcement

HKEX Updates Rules for Southbound Investor Identification Regime

By Editors | 08/01/2020

The rule update requires the China broker to keep records of all submitted orders, SEHK trades and related client instructions for a minimum of 20 years.

Securities / Derivatives

SFC Provides Licensing Guidance for PE Firms, Family Offices

By Editors | 08/01/2020

The SFC has issued two circulars clarifying how licensing obligations apply to the activities of PE firms and family offices in Hong Kong.

Securities / Derivatives

HKEX Chief Lays Out Vision for Decade Ahead

By Editors | 07/01/2020

Charles Li says HKEX will leverage the disruptive power of technology to enhance connectivity between China and the rest of the world in stock, bond and commodity markets.

Securities / Derivatives

SZSE, CSDC Issue Implementing Rules for ‘Full Circulation’ of H-Shares

By Editors | 06/01/2020

Full circulation will allow shareholders of mainland companies to convert non-tradeable, domestically-held shares into H-shares for trading in Hong Kong.

Enforcement

SFC Fines RHB Securities for Internal Control Failures

By Editors | 02/01/2020

RHB Securities failed to effectively implement its policy for avoiding conflicts of interest between its research reports and investment banking relationships, among other compliance issues.

Market Infrastructure

Risks to Hong Kong Outlook Tilted to Downside: IMF

By Editors | 02/01/2020

However, robust policy frameworks and ample buffers will help the Hong Kong economy weather the challenges ahead.

Enforcement

CLSA, CITIC Securities Censured for Breaching Share Buyback Rules

By Editors | 02/01/2020

CLSA and CITIC Securities carried out pre-arranged trades on the SEHK to allow Beijing Enterprises Holdings to buyback its shares without regulatory or shareholder approval.

Enforcement

SFC Fines Fidelity Unit for Unlicensed Futures Dealing

By Editors | 31/12/2019

FIL Investment Management executed over 6,700 futures trades for overseas affiliates without a Type 2 licence, and delayed reporting the breach to the SFC.