China, Hong Kong Set to Allow Quarantine Free Travel

14/12/2022

Travellers to Hong Kong will be allowed to visit restaurants and bars on arrival. Travellers to the Mainland will no longer have to quarantine.

Fintech / Regtech

HashKey, ZA International to Cooperate on Digital Assets

14/12/2022

The two groups will cooperate on digital assets, Web3 and DLT. ZA International recently unveiled plans to tokenise its ZA Coin.

Capital / Liquidity

CBIRC Issues Draft Rules on Country Risk Management

14/12/2022

The draft rules propose a unified standard for measuring country risk, as well as new provisioning requirements to align with new accounting standards.

Capital / Liquidity

ECB to Raise UniCredit Capital Requirement Due to Russia Risks

14/12/2022

UniCredit still has some cross-border exposure to Russia and operates in some markets that are reliant on disrupted supplies of natural gas.

Crypto / Digital Assets

SFC Issues Fresh Warning About Virtual Asset Risks

14/12/2022

The SFC warns that virtual asset platforms may on-lend customer assets or them in investment or other activities, which could potentially lead to a “total loss”.

AML / KYC

UK Police Arrest Chinese Tycoon on US Bribery Charges

14/12/2022

The co-chairman of Chinese real estate firm Guangzhou R&F Properties is accused of paying bribes to San Francisco authorities from 2015 through 2020.

Market Infrastructure

HKEX Releases Details on Proposed Dual Counter Model

14/12/2022

Market makers and liquidity providers for the dual counter model will be onboarded starting in the first half of 2023.

ESG / Sustainability

ISDA Launches Standard Definitions for Voluntary Carbon Markets

14/12/2022

The new documentation will bring greater legal certainty and consistency to trading in verified carbon credits, ISDA says.

ESG / Sustainability

Hong Kong Launches Green Finance Training Subsidy Programme

14/12/2022

Eligible programmes include courses offered provided by Friends of the Earth HK, GARP, HKIB, ICMA, HKGFA, and CFA Institute, among others.