SECURITIES AND FUTURES COMMISSION

Securities / Derivatives

SFC to Resume Collecting Annual Licensing Fees in April

By Sanday Chongo Kabange | 05/02/2025

The SFC has fully waived the annual licensing fees for 11 of the last 15 years. The waiver will be allowed to end in March 2025.

Securities / Derivatives

HKMA Will Monitor Banks’ Asset Management Activities

By Editors | 31/01/2025

HKMA called attention to an SFC circular which described the misconduct of asset managers as “egregious” and lacking in integrity

Crypto / Digital Assets

Hong Kong SFC Grants Two New Crypto Licences

By Manesh Samtani | 30/01/2025

The licences were granted to YAX, a wholly-owned subsidiary of Tiger Brokers, and Panthertrade, a subsidiary of Futu Holdings.

Enforcement

Hang Seng Bank Fined for Mis-selling Investment Products

By Sanday Chongo Kabange | 28/01/2025

SFC Executive Director of Enforcement Christopher Wilson described Hang Seng Bank’s misconduct as “serious and systemic”.

Market Infrastructure

Hong Kong Moves Closer to Fully Paperless Securities Market

By Sanday Chongo Kabange | 27/01/2025

Only online channels will be allowed for subscriptions to public offers of equity securities, and issuers will have more flexibility to adopt digital communication and payment technologies

Securities / Derivatives

SFC Expands Listed Structured Fund Offerings in Hong Kong

By Manesh Samtani | 24/01/2025

The SFC will allow product issuers to offer single-stock leveraged and inverse products and defined outcome-listed structured funds

Enforcement

SFC, HKEX Take Joint Action Against Listed Company, Former Directors

By Sanday Chongo Kabange | 17/01/2025

The SFC and HKEX said the former directors of mobile gaming company FingerTango misused IPO proceeds after the company went public in 2018

Crypto / Digital Assets

SFC Extends ‘Swift Licensing Process’ to New VATP Applicants

By Sanday Chongo Kabange | 17/01/2025

The SFC released a circular detailing the new licensing process as well as inspection findings identifying deficiencies in VATP systems and processes.

Capital / Liquidity

HKEX Starts Accepting CGBs as Collateral for Swap Connect

By Mark Johnston | 15/01/2025

OTC Clear started accepting CGBs as margin collateral for Northbound Swap Connect. They will also be accepted for other derivative transactions by end Q1 2025.