Hong Kong

Capital / Liquidity

HKMA Consult on Revised Guidance for CCyB Calculations

By Editors | 25/07/2024

The SPM module being revised provides guidance for banks on determining the RWA corresponding to their private sector credit exposures for the purpose of calculating CCyB ratios.

Fintech / Regtech

HKMA Publishes RegTech Bulletin on Best Execution Services

By Manesh Samtani | 24/07/2024

The bulletin says best execution services can be particularly helpful for exotic instruments, which often don’t have sufficient pricing information.

Market Infrastructure

HKIFA Proposes Enhancements for ETF Connect Initiative

By Sanday Chongo Kabange | 24/07/2024

HKIFA says Stock Connect ETF eligibility requirements should be further relaxed and Hong Kong issuers should be allowed to market in the mainland.

Sanctions

Hong Kong Has Become a Sanctions Evasion Hub: Report

By Manesh Samtani | 24/07/2024

New report says Hong Kong has emerged as a “global centre for illicit finance and trade” and the city’s banks should be sanctioned.

Enforcement

Hong Kong Court Jails Three in Landmark Manipulation Case

By Sanday Chongo Kabange | 23/07/2024

The jail sentences are the heaviest and longest imposed for market manipulation since the SFO came into effect in 2003.

Crypto / Digital Assets

Hong Kong Lists Asia’s First Inverse Bitcoin ETF

By Sanday Chongo Kabange | 23/07/2024

The new ETF was issued by CSOP Asset Management, which was also first to launch Asia’s first crypto futures ETFs in December 2022.

Market Infrastructure

HKEX to Allow Secondary Listings from UAE Stock Exchanges

By Sanday Chongo Kabange | 22/07/2024

Companies with primary listings at Abu Dhabi Securities Exchange and Dubai Financial Market can apply for a secondary listing in Hong Kong.

Crypto / Digital Assets

HKMA Names First Participants of Stablecoin Sandbox

By Sanday Chongo Kabange | 19/07/2024

The participants are Jingdong Coinlink Technology, RD InnoTech, Standard Chartered, Animoca Brands, and HKT.

Crypto / Digital Assets

Hong Kong Publishes Results from Stablecoin Consultation

By Sanday Chongo Kabange | 18/07/2024

Based on feedback, the FSTB and HKMA will prepare a bill to implement a regulatory regime for stablecoins and submit it to LegCo later this year.