Hong Kong

Market Infrastructure

Hong Kong, Macao to Establish Bond Market Infrastructure Link

By Sanday Chongo Kabange | 17/09/2024

Investors in Hong Kong and Macao will be able to clear, settle and hold bonds in each other’s markets using their existing home market infrastructure.

ESG / Sustainability

HKMA, DFSA to Deepen Collaboration on Sustainable Finance

By Sanday Chongo Kabange | 17/09/2024

The HKMA and DFSA signed an MoU to deepen cross-border dialogue, information exchange and joint research on sustainable finance.

Hong Kong Signs Anti-Corruption MoUs with Maldives, Indonesia

By Editors | 13/09/2024

Cooperation between the ICAC and the anti-corruption agencies of Maldives and Indonesia will cover information exchange, training and other collaborations.

Sanctions

US Advances Bill That Could Force Closure of Hong Kong Trade Offices

By Editors | 13/09/2024

The Hong Kong government called the House bill a “politically driven” attack that violates international law and interferes with the city’s internal affairs.

Securities / Derivatives

HKEX Offers New Guidance on Preventing Self-Matched Trades

By Sanday Chongo Kabange | 12/09/2024

The guidance aims to help firms mitigate the risk of self-trades by different trading units that might be susceptible to inappropriate trading behaviour.

Securities / Derivatives

SFC Sets Rules for Distributing Research on Stock Connect ETFs

By Manesh Samtani | 10/09/2024

Hong Kong intermediaries are allowed to distribute research reports of eligible Mainland ETFs that are available in Hong Kong via Stock Connect.

AML / KYC

HKMA Issues Guidance on Using AI to Enhance AML Monitoring

By Sanday Chongo Kabange | 10/09/2024

Banks will have to assess the feasibility of adopting AI in their ML/TF monitoring systems and then formulate and submit an implementation plan to HKMA by end March 2025.

Enforcement

HSBC Responsible Officer Disqualified Over MPF Referral Programme

By Sanday Chongo Kabange | 09/09/2024

The responsible officer was disqualified for 30 months for his role in recruiting unregistered personnel to refer MPF corporate clients to HSBC.

Enforcement

HKMA Suspends Ex-Hang Seng Bank Employee for Dishonest Conduct

By Sanday Chongo Kabange | 09/09/2024

The HKMA suspended a former Hang Seng Bank relevant individual for fabricating a client’s signature on a time deposit application form.