HONG KONG

Capital / Liquidity

HKMA Issues Supplementary Guidance on Revised Credit Risk Framework

By Editors | 16/12/2024

The HKMA said the new supplementary guidance is intended to facilitate “consistent application” of the revised credit risk framework.

Capital / Liquidity

HKMA Issues Revised Guidelines on Fair Value Practices

By Editors | 16/12/2024

The revisions are mainly to better align with the “Prudent valuation guidance” under CAP50 of the Consolidated Basel Framework.

Crypto / Digital Assets

Hong Kong Commits to Implementing OECD Crypto Reporting Framework

By Editors | 13/12/2024

The government aims to commence the first automatic exchanges with relevant jurisdictions under CARF from 2028.

Market Infrastructure

HKEX Introduces Fund Repository on Integrated Fund Platform

By Sanday Chongo Kabange | 13/12/2024

HKEX said the Fund Repository will provide investors access to information on over 2,000 SFC-authorised funds.

Market Infrastructure

HKEX to Enhance Post-Trade Services for Cash Equities in 2025

By Sanday Chongo Kabange | 13/12/2024

New post-trade features will be rolled out progressively on HKEX’s Orion Cash Platform (OCP) beginning in mid-2025.

Market Infrastructure

Hong Kong Advances Cybersecurity Bill for Critical Infrastructures

By Editors | 12/12/2024

The Bill seeks to impose statutory requirements on designated operators of critical infrastructures to ensure that they take appropriate measures to protect from cyberattacks.

ESG / Sustainability

Hong Kong Launches Sustainability Disclosure Roadmap

By Sanday Chongo Kabange | 11/12/2024

Large publicly accountable entities including financial institutions will be required to fully adopt the ISSB standards by 2028.

Fintech / Regtech

HKAB Still Exploring Ways to Phase Out Cheque Use – Report

By Editors | 10/12/2024

The association is studying ten industries that still heavily rely on cheques, including the stockbroking, auditing and insurance industries.

Securities / Derivatives

CSRC Asks Investment Bankers to Launch IPOs Faster – Report

By Editors | 10/12/2024

The CSRC has reportedly been urging investment banks to speed up their work on listing mainland companies in Hong Kong.