Hong Kong

Market Infrastructure

HKEX, Euroclear to Bring European ETFs to Hong Kong

By Editors | 08/05/2019

HKEX will become the first Asian stock exchange to adopt Euroclear’s international central securities depository ETF settlement model, which allows trades in different markets to be settled in a central location.

Securities / Derivatives

HKMA Launches Green and Sustainable Banking Initiative

By Manesh Samtani | 08/05/2019

The measures include the development of a common framework and methodology for banks to assess how ‘green’ they are, and requirements to meet supervisory targets in this regard.

Market Infrastructure

HKEX Pushes Forward Commodities Business in China

By Manesh Samtani | 08/05/2019

HKEX  is working with the Guangdong government to launch a pilot scheme for LME metals warehousing under the Greater Bay Area project.

AML / KYC

US Judge Subpoenas Chinese Banks in Sanctions Probe – Report

By Editors | 07/05/2019

A US federal judge has ordered three Chinese banks to provide documents in relation to a Hong Kong company which allegedly helped North Korea evade international sanctions.

Market Infrastructure

Securities Association Says MPFA Needs to Enable China Market Access

By Editors | 06/05/2019

MPF managers are allowed to invest in 40 approved overseas exchanges, but this does not include exchanges in China.

Fintech / Regtech

HKMA Urges ‘Data Ethics’ in FinTech Development

By Manesh Samtani | 06/05/2019

The HKMA encourages authorised institutions to adopt the PCPD’s Ethical Accountability Framework in the development of fintech products and services.

Market Infrastructure

HK-China Stock Connect to Include Dual Class Shares from July

By Editors | 02/05/2019

HKEX and the CSRC have agreed to allow listed companies with dual class shares to be included in the southbound Stock Connect trading starting in July.

Market Infrastructure

Hong Kong, China Framework Comparison – Investment Suitability

By Prasanna Venkatesan | 01/05/2019

Synpulse’s Prasanna Venkatesan, Gregory Achache and Marina Mai compare the investment suitability frameworks of Hong Kong and mainland China, and their pain points.

Securities / Derivatives

Hong Kong Proposes Enhancements to OTC Derivatives Regime

By Manesh Samtani | 29/04/2019

In a joint consultation, the HKMA and SFC propose to mandate the use of UTIs in OTC derivatives trade reporting, and to discontinue masking relief for all jurisdictions but China.