Hong Kong

ESG / Sustainability

HKMA Launches “Action Agenda” to Promote Sustainable Finance

By Manesh Samtani | 22/10/2024

Under the Sustainable Finance Action Agenda, banks are required to achieve net zero in their operations by 2030, and in their financed emissions by 2050.

Securities / Derivatives

SFC Announces Fast Track Process for Simple Fund Authorisations

By Manesh Samtani | 22/10/2024

Under FASTrack, the SFC will take up applications within five business days of receipt, and grant authorisation within 10 business days from the take-up date.

Fintech / Regtech

Hong Kong’s AI Leap: Exploring the New Model Framework

By Daniel Ng | 22/10/2024

Daniel Ng, Charlton Lin and Gigi Chang discuss the PCPD’s Model Personal Data Protection Framework for AI and the future regulatory landscape for AI and data security in Hong Kong.

Enforcement

SFC Suspends Former Private Banker for Regulatory Breaches

By Editors | 22/10/2024

The former Julius Baer private banker lied about meeting a client face-to-face for account opening and about 14 transactions being unsolicited.

Capital / Liquidity

HKMA Introduces New Measures to Boost SME Lending by Banks

By Editors | 21/10/2024

The HKMA lowered the CCyB ratio and will allow banks to early adopt the preferential treatments for SME exposures under the Basel III capital framework.

Securities / Derivatives

SFC, HKEX Announce Enhanced Timeframe for New Listing Applications

By Editors | 21/10/2024

The enhanced timeframe for new stock listings will give companies greater certainty in the timing of their IPOs, the SFC and HKEX said.

Securities / Derivatives

HKMA Announces Establishment of New Unit to Operate CMU

By Editors | 21/10/2024

The new unit, to be known as CMU OmniClear, is expected to take over CMU operations under its own governance structure in January 2025.

Market Infrastructure

HK Govt Departments to Hold First Joint Cybersecurity Drills

By Editors | 20/10/2024

The drills, commencing in November, are aimed at helping government departments and public organisations build their cyber defences.

Enforcement

SFC Opens Insider Trading Case Involving 2020 PayPal Acquisition

By Sanday Chongo Kabange | 17/10/2024

The SFC is pursuing the chairman of a HK-listed company that held shares in PayPal’s acquisition target.