ESG / Sustainability

Hong Kong AFRC Calls for Greater Focus on Audit Quality

19/06/2024

The AFRC also expressed concerns regarding the current limitations of climate-integrated financial reporting and audit among Hong Kong listed companies.

Enforcement

Asian Police Bust Multi-Jurisdiction Malware Scam Syndicate

18/06/2024

Police in Hong Kong, Singapore, Malaysia and Taiwan jointly targeted a group involved in malware-enabled scams.

Enforcement

SFC Bans Ex-Licensee for Creating False Product Flashes

18/06/2024

The former director of Primas Asset Management is banned for 12 months for creating and sending false product flashes to a client.

Market Infrastructure

CHESS Replacement Project Currently on Track: ASX

18/06/2024

The CHESS Replacement project is currently expected to deliver to the plan announced in November last year.

Market Infrastructure

Hong Kong Seeks Further Derivatives Market Development

17/06/2024

Plans include “high-liquidity products” and cross-boundary commodities trading. Preparations for Mainland treasury bond futures are at the “final stage”.

Market Infrastructure

HK Official Offers Update on New Investment Migration Scheme

17/06/2024

InvestHK received 250 applications for the new capital investment entrant scheme by end-May, over 75% from Guinea-Bissau or Vanuatu.

ESG / Sustainability

HKEX Launches New Online “Board Diversity Hub”

17/06/2024

The new online hub is intended to advance gender diversity and help listed issuers meet a December deadline to have at least one female board member.

Enforcement

HK ICAC Charges Asset Manager for Laundering HK$50m

14/06/2024

The ICAC charged Xiao Rui, the owner of asset manager Augustine Holdings, for laundering HKD 50 million.

Market Infrastructure

Hong Kong, Shenzhen Forms Financial Cooperation Committee

14/06/2024

The committee will seek to foster deeper financial cooperation between Hong Kong and Shenzhen financial markets.