Hong Kong

Securities / Derivatives

SFC, HKMA to Launch New Survey to Assess Product Selling Risks

By Editors | 10/12/2019

The survey will help the SFC and HKMA identify risks associated with the selling activities of intermediaries and coordinate their responses to address areas of common concern.

Capital / Liquidity

Hong Kong Introduces New Loan Guarantee Scheme for SMEs

By Editors | 10/12/2019

LegCo has approved HK$33bn in funding to provide 90% guarantees on approved loans taken out by eligible enterprises and professionals seeking to set up their own practices.

Securities / Derivatives

HKEX Reviews Listing Regime for Debt Issues to Professional Investors

By Editors | 09/12/2019

HKEX wants to raise the minimum net asset requirement for issuers from HK$100mn to HK$1bn, and to introduce a minimum debt issuance size of HK$100mn, among other proposals.

AML / KYC

IMF Commends Hong Kong’s Financial System Resilience

By Garima Chitkara | 05/12/2019

The IMF also came out in support of the government’s policies to boost the economy, safeguard financial stability, and combat money laundering and terrorism financing.

Securities / Derivatives

China Extends Income Tax Exemptions for Stock Connect Participants

By Editors | 05/12/2019

Mainland investors’ profits made through Stock Connect and the MRF scheme will be exempt from income tax until 31 December 2022.

Securities / Derivatives

Hong Kong SFC Waives Licensing Fees Amid ‘Challenging’ Environment

By Editors | 05/12/2019

The decision was made to relieve the regulatory cost burden on the securities and futures industry, taking into account the “current challenging market environment”.

ESG / Sustainability

Why the HKMA is Taking ESG Investing Seriously

By AsianInvestor | 26/11/2019

The head of risk for the de-facto central bank’s investment portfolio explains why it is implementing ESG principles into its investing practices.

Capital / Liquidity

Significant Variation Among Banks in HKFRS 9 Reporting – Study

By Manesh Samtani | 26/11/2019

Only some banks have been able to fully address the HKFRS 9 financial disclosure requirements, according to a new study from Mazars Hong Kong.

Securities / Derivatives

HKMA Warns FIs Against Churning Investment Funds for Clients

By Manesh Samtani | 25/11/2019

The HKMA has issued new guidance aimed at preventing, detecting and mitigating misconduct risks at financial institutions in the selling of investment funds.