Cryptocurrency

Futu Launches Crypto Services for Hong Kong Retail Investors

03/08/2024

Futu Securities International is the first online broker in Hong Kong to offer crypto trading services to retail investors.

Market Abuse

CSRC Replaces Vice Chairman with Enforcement Chief

02/08/2024

According to reports, the change underscores a determination to clean up and tighten oversight of China’s stock market.

Fraud, Scams & Cybercrime

HK Banks Extend Fraud Alerting Service to Counter Transactions

02/08/2024

HKMA said customers will receive fraud risk alerts regardless of whether a transfer is conducted at a branch or through online channels.

PEPs & Sanctions

OFAC Sanctions More Houthi Procurement Facilitators

02/08/2024

The sanctions target “key actors” located in China, Hong Kong, and Yemen who have “directly supported” the Houthis’ weapons procurement efforts.

Sustainable Finance

Gold Standard Carbon Credits Debut on HKEX Carbon Marketplace

02/08/2024

Gold Standard’s Verified Emission Reductions can now be traded on the Core Climate platform. Trading fees are waived until further notice

Trading & Investment

Sumitomo Mitsui to Launch First Private Fund in China

02/08/2024

Sumitomo Mitsui DS Asset Management is just the second Japanese firm after Nomura to offer a registered private fund in China.

PEPs & Sanctions

China Adjust Export Controls for Drones and Related Tech

02/08/2024

The measures explicitly ban the export of all civilian drones that are intended for “non-peaceful purposes” such as terrorist and military activities.

Cryptocurrency

Russia Advances Bill to Enable Cross-border Payments in Crypto

01/08/2024

The law is expected to take effect on 1 September, formally allowing the use of crypto in payments for international trade transactions.

Structural Regulation

Australia’s ANZ Completes Acquisition of Suncorp Bank

01/08/2024

The transaction, which enhances ANZ’s footprint in Queensland, was authorised by the Australian Competition Tribunal in February and the Treasurer in June.