Hong Kong

Enforcement

Asian Police Bust Multi-Jurisdiction Malware Scam Syndicate

By Sanday Chongo Kabange | 18/06/2024

Police in Hong Kong, Singapore, Malaysia and Taiwan jointly targeted a group involved in malware-enabled scams.

Enforcement

SFC Bans Ex-Licensee for Creating False Product Flashes

By Sanday Chongo Kabange | 18/06/2024

The former director of Primas Asset Management is banned for 12 months for creating and sending false product flashes to a client.

Capital / Liquidity

HKMA Tweaks Rules to Address Homebuyer Hardship

By Editors | 18/06/2024

The adjustments aim to address depressed valuations, simplify borrowing capacity calculations, and reduce rental income haircuts.

Capital / Liquidity

How Asian Regulators Have Been Reflecting on 2023 Bank Failures

By Blake Evans-Pritchard | 18/06/2024

Asian regulators have been looking at whether the kinds of bank failures that occurred last year could also take place in their home markets.

Market Infrastructure

Hong Kong Seeks Further Derivatives Market Development

By Sanday Chongo Kabange | 17/06/2024

Plans include “high-liquidity products” and cross-boundary commodities trading. Preparations for Mainland treasury bond futures are at the “final stage”.

Market Infrastructure

CSRC Proposes to Enhance Funds Recognition Scheme

By Editors | 17/06/2024

Mutually recognised funds will be allowed to delegate their investment management functions to overseas asset management institutions.

Market Infrastructure

More ETFs Will be Added to Stock Connect on 22 July

By Editors | 17/06/2024

The AUM and index weighting requirements have been relaxed to include more HK- and mainland-listed ETFs in Stock Connect.

ESG / Sustainability

HKEX Proposes Enhancements to Corporate Governance Code

By Editors | 17/06/2024

The new requirements aim to enhance risk management as well as board effectiveness, independence and diversity.

Market Infrastructure

HK Official Offers Update on New Investment Migration Scheme

By Sanday Chongo Kabange | 17/06/2024

InvestHK received 250 applications for the new capital investment entrant scheme by end-May, over 75% from Guinea-Bissau or Vanuatu.