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Securities / Derivatives
Hong Kong Launches Grant Scheme to Lure OFCs, REITs
By Editors | 10/05/2021
OFCs and REITs that set up in Hong Kong can secure funding to cover 70% of eligible expenses paid to Hong Kong-based service providers.
Securities / Derivatives
SFC May Have Doubts About Allowing SPAC Listings – Report
By Sanday Chongo Kabange | 06/05/2021
HKEX is preparing to consult the market by end-June at the earliest. However, market participants believe the odds are low that SPACs will be allowed in Hong Kong.
Enforcement
HKEX Proceeds to Delist Shares of Convoy Global Holdings
By Sanday Chongo Kabange | 06/05/2021
HKEX says its Listing Review Committee has upheld the May 2020 decision to cancel the listing of Convoy Global Holdings.
Securities / Derivatives
HKEX to Lessen Profit Requirement Hike for Main Board IPOs
By Manesh Samtani | 05/05/2021
The three-year profit requirement will be raised from HK$50mn to HK$80mn, compared to the HK$125mn or HK$150mn options proposed in November.
Enforcement
SFC Set to Deploy Data Analytics in Broker Inspections
By Manesh Samtani | 29/04/2021
High volume brokers were asked in 2019 to adopt new data standards to enable more timely data submissions to regulators when requested.
Enforcement
SFC, HK Police Make Arrest Four More in Ramp-and-dump Probe
By Editors | 23/04/2021
Three of the four are senior executives of a listed company. They are said to have embezzled over HKD 19 million of the listed company’s funds.
AML / KYC
SFC Imposes Lifetime Ban on Co-CEOs of IDS Forex Ltd
By Editors | 23/04/2021
The co-CEOs knew of their chairman’s arrest and conviction in Korea for fraud but did not report the events to the SFC.
Securities / Derivatives
HKMA, SFC Consult on Annual Update to FSP List
By Editors | 15/04/2021
A unit of Toronto-Dominion Bank is proposed to be included on the FSP list. An entity that has merged with Deutsche Bank will be removed.
Enforcement
SFC Fines Optimas Capital Over Short Position Reporting Errors
By Editors | 15/04/2021
The errors occurred as a result of a programming mistake in a script created to automate the process of identifying reportable short positions.
Big Picture
The ESG Interview: Making Climate Data Comparable
By ESG Investor | 14/04/2021
IOSCO Chair Ashley Alder believes we’re in sight of “a real step change” in sustainability reporting, writes Chris Hall at ESG Investor.
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