Big Picture

HKIFA, KPMG Call for Further Enhancement of Cross-Border Schemes

26/06/2024

The report said that strengthening cross-border schemes and tax incentives would boost the asset management industry.

Securities / Derivatives

Mizuho Seeking Approval to Establish China Securities Unit

26/06/2024

The CSRC has officially accepted an application from Mizuho seeking the establishment of a securities company in China.

Crypto / Digital Assets

Hong Kong FIs Keen on DeFi and Metaverse: AoF Reports

26/06/2024

HKMA said FIs are interested in exploring opportunities brought by DeFi and metaverse as they expand involvement in virtual assets.

Crypto / Digital Assets

Korea Approves Enforcement Decree for New Virtual Assets Law

26/06/2024

The enforcement decree mandates requirements on the safe storage of virtual assets and regulates unfair trading activities.

Securities / Derivatives

Thailand Revises Rules on Short Selling, Algorithmic Trading

26/06/2024

The revised rules introduce the uptick rule and a registration requirement for HFT investors, among other measures, effective from 1 July.

AML / KYC

BSP Issues New Guidance on Beneficial Ownership Due Diligence

25/06/2024

The paper is intended to help FIs in benchmarking best practices and calibrating their policies, systems, processes and controls.

Hong Kong Revises Banking Code of Practice for Marketing Calls

25/06/2024

The code sets out limits on the frequency of person-to-person marketing and confines the hours of making such calls, among other revisions.

AML / KYC

HKMA Issues Guidance for Banks on Handling ‘Bogus’ Calls

25/06/2024

The HKMA has directed banks to review and step up measures to protect consumers from “bogus” telephone calls purporting to be from banks.

Crypto / Digital Assets

Hong Kong Seeks to Lures Canadian Tech Startups to City

22/06/2024

Hong Kong officials are calling on crypto, fintech and Web3 startups from Canada to set up in the city.