Hong Kong

Securities / Derivatives

HKEX Issues Guidance for Overseas Companies Seeking HK Listings

By Editors | 29/10/2019

The guidance materials have been enhanced to improve access to the Hong Kong market and to facilitate the application process.

Enforcement

ICAC Charges Two for Conspiracy to Defraud Five HK Banks

By Editors | 28/10/2019

Two operators of an SME conspired to defraud DBS Bank, HSBC, ICBC, Dah Sing Bank, Wing Hang Bank, the Trade and Industry Department, and the Hong Kong Mortgage Corporation.

Fintech / Regtech

HKMA Updates Guidance on E-Banking Risk Management

By Editors | 25/10/2019

The updated supervisory policy manual seeks to strengthen risk management controls in electronic banking channels by providing more principle-based guidance.

Enforcement

UBS Identifies ‘Inappropriate Spreads’ Charged to HK, SG Clients

By Editors | 24/10/2019

UBS may have charged some wealth management clients booked in Hong Kong and Singapore ‘inappropriate spreads’ on debt securities transactions between 2008 and 2015.

Enforcement

IPO Sponsors, Underwriters Are ‘Guardians of Market Quality’: SFC

By Manesh Samtani | 22/10/2019

The SFC expects sponsors to conduct sufficient due diligence to properly understand and assess the companies seeking to be listed, and to ensure red flags are properly followed up.

Capital / Liquidity

The Supervisory Answer to Hong Kong’s Worsening Economic Performance

By Pierre Latrobe | 22/10/2019

Pierre Latrobe at Mazars discusses the measures the HKMA has taken so far to strengthen its macroprudential supervisory toolkit and address potential risks to the wider financial system.

Securities / Derivatives

SSE, SZSE Grant Stock Connect Access to HK Dual Class Shares

By Editors | 22/10/2019

The rule changes come over a year after the China and Hong Kong bourses started working towards including dual class shares in Stock Connect.

Market Infrastructure

HKMA, Hong Kong Banks Pledge Leniency for SME Borrowers

By Manesh Samtani | 17/10/2019

Nine major Hong Kong banks have pledged to help SME customers that encounter financial difficulties by adopting accommodative lending policies.

Capital / Liquidity

HKMA Cuts CCyB in Response to Worsening Economic Conditions

By Editors | 15/10/2019

The first CCyB cut since 2015, the move is expected to free up between HKD 200-300 billion in the financial system and make it easier for banks to lend to SMEs.