Hong Kong

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    ESG / Sustainability

    HKMA Issues Updated Guideline on Green Finance Grant Scheme

    By Editors | 06/05/2024

    The grant scheme is being extended another three years, and its scope is being expanded to cover transition finance instruments.

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    Big Picture

    Risks in APAC Private Credit Sector are Limited: HKMA Research

    By Manesh Samtani | 03/05/2024

    However, further monitoring is warranted as private credit funds are increasingly open-ended, using leverage, and loosening their underwriting standards.

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    Enforcement

    SFC Starts Insider Dealing Prosecution Against Hedge Fund

    By Sanday Chongo Kabange | 03/05/2024

    The SFC is prosecuting Segantii Capital Management, its founder Simon Sadler, and former trader Daniel La Rocca for insider dealing.

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    AML / KYC

    HKMA Outlines Key Priorities, Green Ambitions for 2024 and Beyond

    By Sanday Chongo Kabange | 02/05/2024

    The HKMA has outlined its priorities for 2024 and beyond in its latest annual report and its 2023 sustainability report.

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    Enforcement

    Hong Kong ICAC Charges MPF Intermediary with Fraud

    By Sanday Chongo Kabange | 02/05/2024

    A former insurance agent of FWD Life allegedly conspired with four clients to apply for early withdrawal of their MPF using false documents.

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    Capital / Liquidity

    Hong Kong IA Finalises Rules for Risk-based Capital Regime

    By Editors | 01/05/2024

    The finalised rules will be tabled in LegCo for negative vetting in May. The transitional measures relating to regulatory returns are extended from 2 to 3 years.

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    Crypto / Digital Assets

    Hong Kong Launches Asia’s First Spot Crypto ETFs

    By Manesh Samtani | 30/04/2024

    ChinaAMC, Harvest Global Investments, and Bosera Asset Management each listed a spot Bitcoin ETF and a spot Ether ETF.

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    Fintech / Regtech

    Hong Kong Working on Proposals to Amend Privacy Law

    By Manesh Samtani | 30/04/2024

    The amendments will include the introduction of a mandatory personal data breach notification mechanism.

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    AML / KYC

    HKMA Seeking to Identify Next Areas of Focus in AML Regtech

    By Manesh Samtani | 29/04/2024

    HKMA is inviting professional firms to recommend AML Regtech use cases where adoption rates can be targeted for increase over the next two years.

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    Fintech / Regtech

    Hong Kong Launches Cross-Industry Platform to Boost Fintech Adoption

    By Sanday Chongo Kabange | 29/04/2024

    ‘FiNETech’ will enable financial institutions and tech firms to explore collaboration in the areas of wealthtech, insurtech, greentech, AI and DLT.

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