Hong Kong

Hong Kong Revises Banking Code of Practice for Marketing Calls

By Sanday Chongo Kabange | 25/06/2024

The code sets out limits on the frequency of person-to-person marketing and confines the hours of making such calls, among other revisions.

AML / KYC

HKMA Issues Guidance for Banks on Handling ‘Bogus’ Calls

By Sanday Chongo Kabange | 25/06/2024

The HKMA has directed banks to review and step up measures to protect consumers from “bogus” telephone calls purporting to be from banks.

Securities / Derivatives

Nasdaq Scrutinising IPO Applicants from China, Hong Kong

By Mark Johnston | 25/06/2024

Nasdaq officials have reportedly been inquiring into the identities and independence of pre-IPO investors of Chinese and Hong Kong companies seeking to list in the US.

Capital / Liquidity

HKMA Consults on Revised Credit Risk Mitigation Guidelines

By Mark Johnston | 24/06/2024

The revised SPM module is expanded compared to the 2001 version, aimed at strengthening banks’ management of collateral or guarantees.

Securities / Derivatives

HKEX Enhances Clearing Arrangement for Stock, Options Trades

By Manesh Samtani | 24/06/2024

Exchange participants that are not also clearing participants can now appoint more than one general clearing participant for stock and options trades.

Crypto / Digital Assets

Hong Kong Seeks to Lures Canadian Tech Startups to City

By Sanday Chongo Kabange | 22/06/2024

Hong Kong officials are calling on crypto, fintech and Web3 startups from Canada to set up in the city.

Market Infrastructure

HKEX to Introduce Measures to Boost Stock Connect – Report

By Sanday Chongo Kabange | 21/06/2024

New chair Carlson Tong said HKEX will introduce more measures to boost market turnover and new listings.

Enforcement

Hong Kong SFC Suspends Ex-PICC Investment Manager

By Sanday Chongo Kabange | 21/06/2024

The former investment manager failed to properly manage the risks of the fund, including liquidity and concentration risks.

Market Infrastructure

Hong Kong to Start Trading During Typhoons from 23 Sep

By Sanday Chongo Kabange | 19/06/2024

Special arrangements will be available to smaller and mid-sized brokers. HKMA said banks stand ready to fulfill clearing and settlement obligations.