Market Abuse

SFC Seeks Damages for Tianhe Investors Over Defective Prospectus

07/09/2020

The SFC’s investigation revealed that about 53% of Tianhe’s total track record revenue disclosed in its 2014 IPO prospectus was overstated.

PEPs & Sanctions

Hong Kong Financial Firms Step Up Compliance Hiring – Report

07/09/2020

The demand for compliance staff has reportedly risen by a third in the past few months. Lawyers with sanctions expertise are in particularly high demand.

Credit Risk

RBI Issues Revised Priority Sector Lending Guidelines

07/09/2020

The new guidelines will boost credit availability for startups, renewable energy, health infrastructure, small farmers, and “identified districts” with low credit flows.

Trading & Investment

China to Expand Stock Connect, Deepen Reforms – Reports

07/09/2020

The scope of investment products foreign investors can trade via Stock Connect will be expanded, among other reforms, said the CSRC’s Fang Xinghai.

Climate Risk

NGFS Publishes Two-year Work Programme, New Charter

07/09/2020

A new NGFS workstream being created will identify missing data items needed for effective climate-related and environmental risk analysis.

Trading & Investment

DBS Launches SORA Business Property Mortgage Loan Package

06/09/2020

The package is tailored to allow SMEs to finance or refinance their commercial and industrial properties at more competitive rates.

Anti-Money Laundering

US Recovers $60m in 1MDB Funds from Najib Razak’s Stepson

06/09/2020

The assets recovered include luxury real estate in Beverly Hills, New York and London, a Kentucky maintenance company, and a 1927 promo poster for the film “Metropolis”.

Sustainable Finance

Green Finance Alliance for Greater Bay Area Launches

06/09/2020

The Alliance has been established to increase funding channels for green projects and guide government policies and investment projects.

Conduct, Culture & Accountability

HKMA Calls on Financial Sector to Support New Recruitment Scheme

06/09/2020

The Financial Industry Recruitment Scheme for Tomorrow scheme aims to create 1,500 full-time jobs in the financial services industry.