US persons and financial institutions are prohibited from conducting financial transactions with any of the four designated individuals.
Applicant banks must be of "high quality", specifically in relation to risk management, international reputation, operating performance, profitability and market share.
The limited partnership fund regime is aimed at attracting private equity, real estate, and venture capital funds to set up and operate in Hong Kong.
The new service allows pre-trade checking of China A shares for northbound Stock Connect trading at the fund manager or aggregate level.
US Sanctions Chinese Officials Over Uyghur Human RightsJuly 13, 2020
China Allows Foreign Bank Branches to Enter Fund Custody BusinessJuly 13, 2020
Hong Kong Passes Limited Partnership Fund BillJuly 12, 2020
Malaysia Revises Circuit Breaker Mechanism, Price LimitsJuly 12, 2020
Taiwan FSC Fines Chang Hwa Bank Over Client TheftJuly 11, 2020
ASIC’s Loss to Westpac is Terrible for EveryoneJuly 11, 2020
Japan FSA Pushes for Sustainability in Bank Business ModelsJuly 10, 2020
Banks ‘Must’ Pass on Reduce Rates to Borrowers: CBSLJuly 10, 2020
ASIC Consults on Second Use of Product Intervention PowerJuly 10, 2020
PBOC Partners with Didi Chuxing to Test Digital CurrencyJuly 10, 2020