HONG KONG

HKMA Removes Daily RMB Conversion Limit – A Closer Look

By Peter Guy | 14/11/2014

The decision reveals its role in China’s overall plan to evolve the RMB into an international investment currency.

Hong Kong to Lift Daily Limit on Yuan Conversion

By Editors | 13/11/2014

The Hong Kong Monetary Authority said it is removing the daily limit for converting the city’s currency to Chinese yuan when the landmark Shanghai-Hong Kong stock trade program is launched on Monday.

Securities / Derivatives

Taiwanese Banks’ Loan Exposure to Chinese Clients Examined in Hong Kong

By Editors | 10/11/2014

Hong Kong’s financial regulator is looking into the loan exposure of Taiwanese banks to mainland Chinese companies and has launched an onsite probe into the matter.

Hong Kong, France to Cooperate in Offshore Renminbi Trade

By Editors | 29/10/2014

The Hong Kong Monetary Authority and Banque de France have signed an agreement to cooperate in enhancing the offshore renminbi business between the two jurisdictions.

Hong Kong to Implement Revised Capital and Liquidity Rules for Banks

By Editors | 27/10/2014

Hong Kong Monetary Authority has issued the revised capital and liquidity rules for the banking sector in view of the second phase of Basel III requirements which will take effect from January next year.

Asian Banks, Investors Request Notice on Cross-Border Stock Trade

By Editors | 23/10/2014

Regulatory concerns surrounding the Shanghai-Hong Kong stock connect including the issue of tax on share gains have compelled asset managers and banks to ask the city’s regulator for a month’s notice before implementing the cross-border stock scheme.

Hong Kong Issues Data Protection Guidelines for Banking Industry

By Editors | 15/10/2014

Hong Kong has issued new guidelines for the banking industry on how to meet its data protection obligations amid rising number of complaints against banks’ privacy protection practices.

Shanghai-Hong Kong Stock Connect is a Breakthrough for Direct Access to China Stocks

By Editors | 14/10/2014

Solutions to meet the challenges and deliver opportunities.

Hong Kong Regulator Warns Against Short Position Reporting Lapses

By Editors | 09/10/2014

The Securities and Futures Commission has warned against inaccurate reports and late filing on short positions, noting that a contravention of rules without a reasonable excuse may constitute a criminal offence.