Securities and Futures Commission

    Market Infrastructure

    HKMA Signals Coming Enhancements to Wealth Connect Scheme

    By Editors | 22/09/2022

    Enhancements could include measures to improve sales arrangements, expand the product scope, and allow more financial institutions to participate.

    Securities / Derivatives

    SFC Calls for Licensed Personnel to Return to Hong Kong

    By Editors | 21/09/2022

    The SFC is concerned over operational risks at licensed corporations that are doing business without a responsible manager located in the city.

    Fintech / Regtech

    FSTB, SFC Declare Support for STO Business in Hong Kong

    By Editors | 19/09/2022

    The SFC’s Elizabeth Wong said firms that are interested in STOs are encouraged to discuss their proposals with the regulator’s Fintech unit.

    Securities / Derivatives

    HKEX Considers Relaxing Listing Requirements for Tech Firms

    By Editors | 14/09/2022

    Under the proposals, the revenue requirement for commercialised tech firms would be lowered from HK$500 million to between HK$200-300 million.

    Crypto / Digital Assets

    SFC Allows HashKey to Manage Funds Comprising 100% Crypto

    By Editors | 13/09/2022

    HashKey says it will be allowed to manage funds exclusively investing in virtual assets in compliance with the SFC’s regulations

    Securities / Derivatives

    Big Four Auditor Facing HK Lawsuit Over Chinese Audit

    By Editors | 07/09/2022

    The liquidator of a now-collapsed Chinese biotech firm said the auditor could have easily exposed fraud by asking obvious questions.

    Securities / Derivatives

    SFC Suspends Rifa Futures Exec Over ‘Xinguanjia’ Trading Software

    By Editors | 06/09/2022

    In July, Rifa Futures became the fourth firm to be fined over the use of Xinguanjia. The firm’s managing director has now been suspended for 8 months.

    Market Infrastructure

    CSRC Unveils Plans to Further Expand Stock Connect

    By Manesh Samtani | 05/09/2022

    More companies will be added to Stock Connect and Hong Kong will introduce treasury bond futures and a special counter for yuan stocks.

    Fintech / Regtech

    SFC Finds Deficiencies in Investment Services Offered Online

    By Sanday Chongo Kabange | 02/09/2022

    The SFC is calling on licenced corporations to address regulatory deficiencies identified in some investment services offered online.

    Enforcement

    SFC Probes AMTD Over Past Underwriting Deals – Reports

    By Editors | 22/08/2022

    The full scope of the probe into AMTD Group and its current status are “unclear”, but it is said to be related to previous underwriting deals.

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