Hong Kong

HKEX Announces Retirement of Key Executive Wilfred Yiu

By Sanday Chongo Kabange | 02/12/2024

Wilfred Yiu oversaw the implementation of the Connect programme expansion, ETF reforms, derivatives holiday trading, dual counter model, and severe weather trading.

Enforcement

ICAC Charges Former SFC Manager for Sharing Confidential Information

By Sanday Chongo Kabange | 02/12/2024

The former SFC manager shared confidential information about a 2023 rights issue to personal friends who used it to make HK$11mn in trading profit.

ESG / Sustainability

Five Firms Adopt HK’s Code for ESG Ratings & Data Providers

By Sanday Chongo Kabange | 02/12/2024

Bloomberg, CDP, MioTech, Moody’s, and MSCI ESG Research LLC have signed up to adopt the new code of conduct for ESG ratings and data products providers.

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.

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.

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.

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.

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.

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.