ESG / Sustainability

Hong Kong Advances Work to Develop Green Finance Capacity, Talent

21/06/2022

Hong Kong will develop a GHG emissions estimation tool, a green classification framework, and adopt the ISSB standards when they’re ready.

AML / KYC

Hong Kong: Victims Lost HK$1.28bn from Fraud from Jan-April

21/06/2022

Email fraud accounted for HKD 333 million of losses to companies and individuals in the first four months of this year.

Market Infrastructure

HKEX to Enhance Clearing Flexibility for Stock Trades – Report

21/06/2022

HKEX plans to allow market participants to appoint multiple clearing banks for stock trades, a move already made for futures traders.

Enforcement

CBIRC Fined 13 Banks in First Two Weeks of June

21/06/2022

The CBIRC is seen to be enforcing strict penalties in order to strengthen market discipline and improve internal control and governance at banks.

Market Infrastructure

India Designates IT Resources of ICICI, HDFC, NPCI “Protected Systems”

21/06/2022

Unauthorised persons securing or attempting to secure access to protected systems can be jailed for up to ten years and liable for a fine.

Fintech / Regtech

PBOC Accepts Ant Group’s FHC Licence Application – Report

21/06/2022

Ant Group is reportedly aiming to file a preliminary IPO prospectus as early as next month, subject to regulatory feedback on its financial holding company setup.

Securities / Derivatives

Russian Exchange Starts Offering Trading in 12 Hong Kong Stocks

21/06/2022

HKEX is not involved in the initiative. The move is part of the Saint Petersburg Stock Exchange’s global issuer programme.

Singapore Proposes Regulatory Regime for Debt Collectors

21/06/2022

The proposed legislation is aimed at addressing a rise in police reports against debt collectors who “caused alarm and nuisance”, the MHA said.

Securities / Derivatives

HKEX Targets Launch of Additional A-Share Products – Report

21/06/2022

HKEX will encourage investment banks to issue structured products such as derivative warrants based on the MSCI A50 index.