Securities / Derivatives

HKEX Continues to Bolster Derivatives Product Ecosystem

02/06/2020

HKEX is launching silver futures and four new rupee futures contract months, on top of new derivative products linked to MSCI indices and a new set of exchange-traded products.

Capital / Liquidity

Credit Risk a Growing Threat in Hong Kong: Mazars

02/06/2020

Banks need to be more agile in incorporating in their ECL model all latest reasonable and supportable information, including that which is forward-looking, says Pierre Latrobe.

Market Infrastructure

Trump: US to End Hong Kong Trade Privileges, Sanction Chinese Officials

30/05/2020

The US President says Hong Kong’s special treatment will be revoked, Hong Kong and Chinese officials will be sanctioned, and Chinese companies listed on US exchanges will be examined.

Market Infrastructure

China Approves Plan to Impose National Security Law in Hong Kong

28/05/2020

The move could impact Hong Kong’s special trade status under US law, lead to sanctions against officials, and trigger a downgrade of the city’s credit rating.

Market Infrastructure

US State Dept Declares Hong Kong No Longer Autonomous

27/05/2020

The move puts at risk the special status under US law Hong Kong has enjoyed since 1992, jeopardising billions of dollars worth of trade and investment.

AML / KYC

India to Tighten KYC Rules for Hong Kong, China FPIs

26/05/2020

Alongside stricter KYC procedures during FPI registration, India may set a 10% beneficial ownership cap on foreign investment from China including Hong Kong.

Market Infrastructure

HKMA Publishes Findings from Bank Culture Reform Initiative

24/05/2020

As a next step, the HKMA will conduct more focused reviews on retail banks’ front office in relation to the distribution of banking, investment and insurance products.

Capital / Liquidity

‘Now is the Time’ for Banks to Use Buffers: APRA, RBA

21/05/2020

APRA’s Wayne Byres and the RBA’s Philip Lowe said buffers were built up to be used in times of stress, and lower capital ratios are both expected and appropriate.

Securities / Derivatives

LCH Launches Central Clearing for Derivatives Referencing SORA

19/05/2020

The launch is heralded as a major milestone to deepen liquidity and catalyse the growth of the SORA market. StanChart was party to the first cleared derivatives trade referencing SORA.