Hong Kong

Market Infrastructure

HKMA, PBOC To Establish Cross-border Payment Link

By Sanday Chongo Kabange | 01/07/2024

The cross-boundary payment and settlement scheme will enhance economic activities between Hong Kong and the Mainland.

Fintech / Regtech

Hong Kong’s FSDC Calls for Adoption of Digital ID System

By Sanday Chongo Kabange | 29/06/2024

The FSDC report recommends establishing a trust framework for the digital ID ecosystem and enabling interoperability through improved legal measures.

Securities / Derivatives

HKEX To Launch Weekly Hang Seng Tech Index Options in September

By Sanday Chongo Kabange | 28/06/2024

HKEX says the weekly Hang Seng Index options aims to meet the trading and risk management needs of investors.

Crypto / Digital Assets

HKMA, BDF To Collaborate on Cross-border CBDC Experiments

By Sanday Chongo Kabange | 28/06/2024

The HKMA and BDF will collaborate on cross-border transfers and settlement of tokenised assets.

HKMA, IA Identify Issues With Premium Financing Practices

By Editors | 27/06/2024

A joint inspection exercise was conducted to assess compliance with new standards for premium financing that were implemented on 1 January 2023

Enforcement

SFC Bars Former Securities Exec Over Secret Trading Account

By Sanday Chongo Kabange | 27/06/2024

The former chief operations officer of DA International Financial Service violated the company’s employee dealing policy.

Market Infrastructure

Hong Kong Launches New eMPF Platform

By Sanday Chongo Kabange | 27/06/2024

YF Life is the first MPF trustee to move to the new eMPF platform. The migration of all 12 trustees is set to be completed by the end of next year.

Crypto / Digital Assets

HK LegCo Forms New Sub-committee on Web3 and Virtual Asset Growth

By Sanday Chongo Kabange | 27/06/2024

The newly-formed committee will focus on developing regulatory frameworks, improvement of technology and investor safeguards.

Big Picture

HKIFA, KPMG Call for Further Enhancement of Cross-Border Schemes

By Sanday Chongo Kabange | 26/06/2024

The report said that strengthening cross-border schemes and tax incentives would boost the asset management industry.