Operational Risk

HKMA Offers Guidance on Implementing Operational Resilience Requirements

21/01/2025

The guidance focuses on mapping interdependencies and scenario testing, to help banks meet a May 2026 deadline for becoming operationally resilient

Data Privacy

Hong Kong PCPD Issues Updated Guidance on Cloud Computing

18/01/2025

The PCPD was prompted to issue the updated guidance following a data breach incident at the Urban Renewal Authority.

Supervision & Enforcement

SFC, HKEX Take Joint Action Against Listed Company, Former Directors

17/01/2025

The SFC and HKEX said the former directors of mobile gaming company FingerTango misused IPO proceeds after the company went public in 2018

Cryptocurrency

SFC Extends ‘Swift Licensing Process’ to New VATP Applicants

17/01/2025

The SFC released a circular detailing the new licensing process as well as inspection findings identifying deficiencies in VATP systems and processes.

AI Risk & Governance

FTAHK Establishes Strategic Advisory Council for AI

17/01/2025

The FTAHK AI Strategic Advisory Council will explore and help promote responsible AI in Hong Kong’s financial sector.

Stablecoins

Philippine Banks to Launch PHP Stablecoin Later This Year

16/01/2025

UnionBank, RCBC, Cantilan Bank and Rural Bank of Guinobatan are collaborating to launch a peso-backed stablecoin known as PHPX

Trading & Investment

Pakistan Explores Secondary Listings on Hong Kong Exchange

16/01/2025

Pakistan will also issue yuan-denominated panda bonds in June with the aim of raising funds from Chinese investors

Fraud, Scams & Cybercrime

Australia Launches Nationwide Scam Awareness Campaign

16/01/2025

The ‘Fighting Scams Campaign’ aims to increase awareness and action of “three simple, memorable steps” to safeguard against scams.

Structural Regulation

Hong Kong LegCo Passes Bill to Enable Treasury Share Regime

16/01/2025

The bill promotes paperless corporate communications and allows Hong Kong-incorporated listed companies to buy and hold treasury shares.