Hong Kong

Securities / Derivatives

CFTC Grants Certification to 23 HKFE Index Futures Contracts

By Editors | 20/07/2020

The 23 contracts can be offered and sold to US persons, and are among the new products being introduced as part of a ten-year licensing agreement with MSCI.

Enforcement

Court Finds ex-HKMEx Head Guilty of Conspiracy to Defraud SFC

By Editors | 20/07/2020

The former head and CFO of now-defunct Hong Kong Mercantile Exchange conspired to hide the exchange’s true financial position and mislead the SFC into allowing it to retain its licence.

Market Infrastructure

Hong Kong Regulators Offer Assurances on National Security Law

By Editors | 19/07/2020

Financial Secretary Paul Chan has asked Hong Kong financial regulators to explain to their stakeholders that the national security law will not harm their operations.

AML / KYC

APAC Regulators Driving Digital Transformation

By Rachel Woolley | 16/07/2020

The pandemic has made it abundantly clear that digital transformation is no longer optional, says Fenergo’s Rachel Woolley.

Securities / Derivatives

FSDC Proposals to Advance Hong Kong as Family Office Hub

By Editors | 15/07/2020

The Financial Services Development Council has identified four areas where reform is needed to make Hong Kong a “more conducive operating environment” for family offices.

AML / KYC

Trump Executive Order Opens China to Sanctions Over Hong Kong

By Manesh Samtani | 15/07/2020

Trump has signed an executive order threatening sanctions against Chinese officials and the banks they deal with over the national security law imposed in Hong Kong.

AML / KYC

Sustainable Supply Chains and the Role Banks Play

By Editors | 14/07/2020

Incoming rules from the EU, UK, Singapore and Hong Kong highlight the need for banks to gain a better understanding of the third party and supply chain risks their customers face.

Market Infrastructure

ASIFMA Publishes IBOR Transition Guide for Asia

By Editors | 14/07/2020

The guide provides an overview of issues for FIs to consider in their LIBOR transition programmes and an implementation checklist.

ESG / Sustainability

FSDC Proposes Measures to Advance Hong Kong as ESG Hub

By Editors | 14/07/2020

Hong Kong needs a more coordinated policy environment and an ESG policy roadmap, to provide greater certainty and foster confidence for institutional investors, the FSDC says.