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Hong Kong
Market Infrastructure
HKMA Sets Expectations for CRA’s Exit from ‘Credit Data Smart’
By Sanday Chongo Kabange | 01/08/2024
Credit reference agency Nova Credit Limited has decided to cease operations and exit the new credit reference platform known as Credit Data Smart.
Crypto / Digital Assets
US Lawmaker Proposes to Create Strategic Bitcoin Reserve
By Editors | 31/07/2024
A Hong Kong lawmaker said including Bitcoin in the city’s strategic financial reserves is something that should be considered.
Securities / Derivatives
HKFE to Standardise Automatic Strike Listing Rules for Options
By Editors | 31/07/2024
Rule change will enable automatic strike listing based on daily underlying price movements all the way through to expiry for monthly option contracts.
Sanctions
OFAC Targets Iran Weapons Programmes With New Sanctions
By Editors | 31/07/2024
The sanctions cover two procurement networks that help Iran obtain components for weapons systems, including Hong Kong and China-based targets.
Enforcement
Ex-CITIC Banker Ordered to Disgorge Insider Dealing Profits
By Sanday Chongo Kabange | 31/07/2024
Hong Kong’s Market Misconduct Tribunal also banned the former executive deputy general manager from certain activities for three years.
AML / KYC
Interpol Issues Red Notices for Hong Kong Crypto Promoters
By Sanday Chongo Kabange | 30/07/2024
The HKPF had asked Interpol to help locate the crypto promoters over their suspected role in a cryptocurrency deception case.
Crypto / Digital Assets
HKMA Opens Tender for Services to Support CBDC Sandboxes
By Editors | 30/07/2024
Hosting and supporting services would have to support up to 25 participants in the Project Ensemble and e-HKD sandboxes.
Enforcement
Hong Kong’s IA Appoints Managers to Take Control of Tahoe Life
By Nithya Subramanian | 29/07/2024
This is the first time the IA has taken control of a distressed insurer, which failed to resolve “issues arising from investments linked with related party transactions”.
Hong Kong Reappoints HKMA Chief for Second Term
By Nithya Subramanian | 29/07/2024
During his second term, Eddie Yue said the HKMA will deepen connectivity with the Mainland and promote fintech and sustainable finance.
Sanctions
Ukraine Calls on Hong Kong to Prevent Sanctions Evasion by Russia
By Editors | 26/07/2024
Hong Kong says it does not implement unilateral sanctions imposed by other countries, but does enforce sanctions imposed by UNSC.
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