Fraud, Scams & Cybercrime

HKMA Mandates Mandatory Name Matching for All Fund Transfers

19/02/2025

Under the HKMA’s 2021 guidance, the mandatory name matching process was only required for fund transfers of HKD 10,000 or above.

Sustainable Finance

HKMA Issues New Guide for Banks on Greentech Adoption

19/02/2025

The HKMA is urging banks to review the new practice guide and consider how greentech can be integrated into their operations.

Stablecoins

Standard Chartered Forms JV to Issue HKD-Backed Stablecoin

19/02/2025

Standard Chartered, Animoca Brands and HKT will apply for HKMA licence to issue the first Hong Kong dollar-backed stablecoin.

Structural Regulation

Australia Cracks Down on Land Banking by Foreign Investors

19/02/2025

Australia is banning foreign investors from buying established homes for two years and cracking down on foreign land banking.

Trading & Investment

Hong Kong Gazettes Subsidiary Legislation on Paperless Regime

19/02/2025

Six pieces of subsidiary legislation set out detailed operational and regulatory matters for the uncertificated securities market regime.

Fraud, Scams & Cybercrime

FMA Issues Alert on Fake Online Investing Platforms

19/02/2025

The FMA has identified a “large network” of fake online investing platforms involving 96 duplicate websites or platforms.

Anti-Money Laundering

AUSTRAC Warns Crypto, Remittance Firms of Possible Regulatory Action

18/02/2025

AUSTRAC has issued alerts, a precursor to potential regulatory action, to over 50 crypto exchanges and remittance service providers.

Clearing & Post-Trade

HKSCC Sets Launch Date for New Report Access Platform

18/02/2025

After 21 March 2025, clearing participants will no longer be able to access VaR Platform reports via the existing Report Access Platform.

Alternative Markets

Hong Kong SFC Offers Clarity on Listing of Alternative Funds

18/02/2025

The SFC said its door has “always been open” for closed-ended alternative funds, including PE funds, to be listed on the stock exchange.