Hong Kong

Securities / Derivatives

HKMA Sets Out Expectations on Algo-Trading Risk Management

By Editors | 06/03/2020

During thematic examinations last year, the HKMA observed a number of sound practices used by some institutions to manage the risks associated with algorithmic trading.

Market Infrastructure

HK Entities of Chinese Groups Get Relief from CbC Filing Obligation

By Editors | 05/03/2020

Mainland China and Hong Kong have entered into an arrangement for the automatic exchange of country-by-country reports, a welcoming development according to KPMG.

Securities / Derivatives

HK Bourse Asks IPO Applicants to Detail Covid-19 Impacts, Contingency Plans

By Editors | 05/03/2020

The Hong Kong stock exchange has reportedly asked IPO applicants for information on supply chain disruptions, business contingency plans, and cash burn rates, among others.

Market Infrastructure

Central Banks Act to Mitigate Covid-19 Economic Threat

By Editors | 04/03/2020

The HKMA has responded to the US rate cut with a cut of its own. The RBA and BNM have also cut their key policy rates, while the BOJ focuses on asset purchases.

AML / KYC

Financial Secrecy Index Ranks Hong Kong, Singapore in Top Five

By Manesh Samtani | 02/03/2020

The Tax Justice Network has released its 2020 rankings of jurisdictions according to their secrecy and the scale of their offshore financial activities.

Securities / Derivatives

HK FSDC Survey Highlights Regulatory Challenges in Wealth Management

By Editors | 26/02/2020

Survey and focus group participants highlighted KYC challenges, a lack of clarity on client suitability requirements, and overly onerous investor protection measures impeding professional investors.

AML / KYC

Hong Kong Announces Budget Initiatives to Boost Financial Sector

By Manesh Samtani | 26/02/2020

The initiatives include a waiver on stamp duties paid by ETF market makers, tax concessions for private equity funds, and planned enhancements to Hong Kong’s AML/CTF regime.

Enforcement

HKEX Finds Compliance Deficiencies at Exchange, Clearing Participants

By Editors | 25/02/2020

HKEX has asked 95 participants to address deficiencies relating to position limits and large open position reporting, risk management and China Connect trading activities.

AML / KYC

Hong Kong Insurance Authority Allows Non-face-to-face Product Sales

By Editors | 25/02/2020

The temporary measures are aimed at reducing the risk of Covid-19 infection from face-to-face meetings between insurers, intermediaries and clients.