Hong Kong

Crypto / Digital Assets

HKMA Launches New Sandbox for Tokenised Asset Transactions

By Sanday Chongo Kabange | 29/08/2024

The Project Ensemble Sandbox will facilitate interbank settlement using tokenised money for transactions involving tokenised assets.

Fintech / Regtech

Hong Kong Launches HKUST Institute for Financial Research

By Ranamita Chakraborty | 28/08/2024

The new research institute aims to address social and economic issues through financial research and technological innovation.

Big Picture

HKMA Highlights Power of AI to Mitigate Greenwashing Risk

By Manesh Samtani | 28/08/2024

HKMA published a bulletin offering guidance to FIs on the use of AI-powered ESG tools to help manage climate greenwashing risk.

Securities / Derivatives

HKEX Appoints Capital Markets Veteran to Drive IPO Activity

By Manesh Samtani | 28/08/2024

Former Nomura managing director Johnson Chui will take up a new role at HKEX as Head of Global Issuer Services.

Securities / Derivatives

Alibaba Converts HK Shares to Gain Stock Connect Inclusion

By Editors | 28/08/2024

Inclusion in Stock Connect is expected to provide a boost to Alibaba’s shares as well as the Hong Kong market as a whole.

Fintech / Regtech

HKMA Announces New Data Linkage to Boost SME Finance

By Sanday Chongo Kabange | 27/08/2024

Banks can access information on SMEs from Hong Kong’s Companies Registry via HKMA’s CDI platform.

Securities / Derivatives

HKEX Eases Rules for Specialist Tech Listings, De-SPAC Transactions

By Sanday Chongo Kabange | 26/08/2024

The SFC and HKEX said the adjustments were made to address the change in market conditions since the regimes were introduced.

HKMA, HKAB Form New Joint Taskforce on SME Lending

By Sanday Chongo Kabange | 25/08/2024

The taskforce will work on ensuring effective implementation of the measures announced in March and addressing difficulties encountered by individual SMEs.

Enforcement

HK Court Jails SME Director Over HK$100m Bank Loan Fraud

By Sanday Chongo Kabange | 24/08/2024

The company director was sentenced to 30 months’ imprisonment for defrauding seven banks and deceiving the TID and HKMC into issuing guarantees.