Hong Kong

Enforcement

UBS, StanChart to Settle Hong Kong IPO Misconduct Case

By Editors | 12/03/2019

The case goes back to the 2009 listing of a Chinese timber company, which was later suspended for accounting irregularities. Details of the settlement will be released at a later date.

Securities / Derivatives

HKEX to Launch China A-Share Futures Contract

By Editors | 12/03/2019

The development represents a key risk management tool for international investors who need to manage their A-share equity exposure, says HKEX chief Charles Li.

Market Infrastructure

HKMA Asks Hong Kong Banks to Prepare for Benchmark Reform

By Editors | 06/03/2019

The HKMA says the transition to alternative reference rates will have significant implications for authorised institutions’ businesses, risk management and operational processes.

Market Infrastructure

HKEX Three Year Plan Lays Out Global Ambitions

By Manesh Samtani | 01/03/2019

HKEX plans to introduce A-share futures, expand the stock and bond connect schemes, enable remote market access for Asia Pacific brokers, and modernise its operations.

Enforcement

Hong Kong Court Dismisses Short Seller’s Trading Ban Appeal

By Editors | 28/02/2019

The Court dismissed an appeal from short seller Andrew Left to overturn a 2016 ruling banning him from trading in Hong Kong for five years after he published a report containing false information.

Enforcement

SFC Suspends China Merchants Securities Exec Over Sponsor Work

By Editors | 28/02/2019

The SFC said Wu Yinong breached the Code of Conduct and the Sponsor Guidelines when he was a sponsor principal in charge of supervising the execution of a 2009 listing application.

Securities / Derivatives

Hong Kong Passes Profits Tax Exemption Bill for Funds

By Editors | 25/02/2019

The Bill seeks to enhance the competitiveness of Hong Kong’s tax regimes by creating a level playing field for all funds operating in the city.

HKMA Chief of Ten Years Set to Retire in September

By Editors | 22/02/2019

Norman Chan will leave behind a healthy banking industry with strong capital ratios and low bad debt levels. A selection panel will identify the HKMA’s next chief.

Market Infrastructure

HKMA Turns Up the Heat, Announces Consultation on IBOR Transition

By Will Hallatt | 22/02/2019

The outcome of the HKMA and TMA consultation will be a turning point for financial services firms preparing for life after LIBOR, says international law firm Herbert Smith Freehills.