Hong Kong

    Capital / Liquidity

    HK Hikes Capital Buffer Due to High Credit-GDP, Property-Rent Gaps

    By Samuel Riding | 15/01/2018

    Central bank chief expresses concern about growing gaps between credit and GDP, property prices and rents.

    AML / KYC

    HKMA Proposes Open APIs for Financial Services

    By Editors | 15/01/2018

    Consultation suggests it could take just six months for banks to develop APIs including their product and service information.

    Securities / Derivatives

    HKEx Considering New Rules to Boost Trading Volumes

    By Garima Chitkara | 10/01/2018

    HK exchange looking to establish new trading rules, including rebates, simplified collateral regulations and removal of 10bp stamp duty charge.

    Capital / Liquidity

    ICBC designated as D-SIB by HKMA

    By Garima Chitkara | 02/01/2018

    The bank will be required to include HLA buffer in their regulatory capital calculation within 12 months of the designation.

    Capital / Liquidity

    HSBC, StanChart Only HK Stocks to Fall Under MiFIR

    By Editors | 29/12/2017

    Only two Hong Kong-listed stocks have sufficient EU volume to comply with MiFIR trading obligations.

    Capital / Liquidity

    HK SFC to Remove Corporate Treasury of non-Financial Firms from OTC Regulation

    By Samuel Riding | 21/12/2017

    Extensive consultation also proposes to expand risk mitigation requirements to ‘all licensed corporations’, rejects idea of regulatory threshold.

    Enforcement

    HK SFC Releases 1st MiC Regime Guidance Bulletin

    By Editors | 20/12/2017

    Report warns on conflicts of interest in sales practices and asset management; notes asset management sector now has more than half of all intermediaries.

    Capital / Liquidity

    HK SFC Proposes Raising Capital Required by Fund Managers

    By Editors | 19/12/2017

    Consultation covers raising of minimum capital requirement to HKD10 million, introduction of derivatives use by public funds with enhanced safeguards.

    Enforcement

    Standard Chartered Brokerage Arm Hit With $330,000 Fine

    By Editors | 19/12/2017

    SFC investigation reveals internal control failures resulted in at least 61 regulatory breaches involving short selling, required liquid capital deficit of HKD2 billion.

    Enforcement

    2017 a Punishing Year for Naughty Traders in China

    By Editors | 18/12/2017

    China securities regulator has issued 206 administrative penalties in 2017, more than $1bn in fines; increasing cooperation with HK SFC.

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