Fintech / Regtech

Vietnam Central Bank Proposes to Introduce Regulatory Sandbox

22/03/2024

The SBV will develop a fintech regulatory sandbox fintech for innovations relating credit scoring, open API and P2P lending.

Fintech / Regtech

HSBC Offers Boost to Hong Kong Fintech Ecosystem

21/03/2024

The Hong Kong Science and Technology Parks Corporation has signed a three-year strategic partnership with HSBC.

Enforcement

HK Court Jails Retail Trader for Fraud Involving Naked Short Selling

21/03/2024

In the first case of securities fraud involving illegal short selling in Hong Kong, a retail trader was sentenced to 18 months imprisonment.

Securities / Derivatives

HKEX: Self-Match Prevention Service for Securities Set for Launch

20/03/2024

From 2 April, HKEX’s new SMP service for the securities market will open for applications by exchange participants.

Hong Kong’s New eMPF Platform to Launch in June

20/03/2024

The MPFA says all 12 MPF trustees in Hong Kong will start migrating data to the new eMPF platform in phases starting from June this year.

AML / KYC

SFC Issues Fresh Warning Against Unlicensed Crypto Firm MEXC

18/03/2024

This is the second warning the SFC has issued against MEXC. Regulators in Korea, Japan, India and Germany have also warned against MEXC.

AML / KYC

Australia: ACCC Report Shows Scam Losses Are Declining

18/03/2024

Report says scam losses in Q4 2023 almost halved compared to the same quarter in 2022, largely due to a sharp decline in investment scams.

Enforcement

Hong Kong ICAC Charges CCB Banker for Taking Bribes

17/03/2024

A former CCB Asia sales executive was charged for taking bribes to expedite the account opening process for six clients.

Market Infrastructure

Hong Kong Considers Scaling Back Severe Weather Trading Plans

15/03/2024

Hong Kong is reportedly considering whether to still keep local markets closed during the most severe weather events to help smaller firms continue operations.