HONG KONG

    image

    Enforcement

    Hong Kong Tribunal Penalises Former China Forestry Execs

    By Nithya Subramanian | 01/12/2024

    Five-year disqualification and cold shoulder orders were issued against two former executives. One was ordered one to disgorge HK$353mn.

    image

    Crypto / Digital Assets

    HKMA Announces Launch of Digital Bond Grant Scheme

    By Editors | 30/11/2024

    The scheme offers grants of up to HK$2.5mn for each eligible digital bond issuance to promote bond tokenisation in Hong Kong.

    image

    Fintech / Regtech

    HKUST Launches New GenAI Platform for Financial Sector

    By Sanday Chongo Kabange | 29/11/2024

    HKUST’s new InvestLM, designed to support the financial services industry, is available through the HKMA’s GenAI Sandbox.

    image

    Securities / Derivatives

    HKIC Invites Firms to Help Manage New CIES Investment Portfolio

    By Sanday Chongo Kabange | 28/11/2024

    Eligible fund managers have until 10 December to submit their proposals on how to achieve the objectives of the CIES investment portfolio.

    image

    Fintech / Regtech

    New Association Launches in Hong Kong to Advance AI Adoption

    By Sanday Chongo Kabange | 28/11/2024

    The new association seeks to advance the development, adoption, commercialisation and use of AI across Hong Kong.

    image

    Sanctions

    Hong Kong Has Become a Money Laundering Hub, US Lawmakers Say

    By Editors | 27/11/2024

    US lawmakers are calling for a re-evaluation of the treatment of Hong Kong banks, saying the city has become a hub for money laundering and sanctions evasion.

    image

    Market Infrastructure

    Hong Kong Completes Transition to Multiple CRA Operating Model

    By Editors | 26/11/2024

    The migration of consumer credit reference services to “Credit Data Smart” was completed on 24 November. HKMA welcomed the “milestone”.

    image

    ESG / Sustainability

    SFC Sets Expectations on Due Diligence on ESG Service Providers

    By Manesh Samtani | 26/11/2024

    Asset managers should “reasonably understand the ESG products provided by the third-party ESG service providers”.

    Securities / Derivatives

    Hong Kong Connectivity With Mainland Set to Increase

    By Manesh Samtani | 25/11/2024

    China Vice-Premier He Lifeng, CSRC Chairman Wu Qing and HKMA Chief Eddie Yue discussed new initiatives at the Global Financial Leaders’ Investment Summit.

    image

    Crypto / Digital Assets

    ZA Bank Launches Crypto Trading Services for Retail Clients

    By Sanday Chongo Kabange | 25/11/2024

    Leveraging a partnership with HashKey Exchange, ZA Bank has become the first bank in Asia to offer virtual asset trading services to retail users.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team