Crypto / Digital Assets

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.

Enforcement

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.

AML / KYC

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.

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.

ESG / Sustainability

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

Securities / Derivatives

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.

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.

Crypto / Digital Assets

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.

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.