Securities / Derivatives

HKEX Sees First GEM Company Transfer to Main Board Since Reforms

19/02/2025

Civil explosives producer Pizu Group is the first company to use the new streamlined mechanism to transfer from the GEM to the Main Board.

AML / KYC

Australian Police Publishes “Scam Script” Used to Lure Victims

19/02/2025

The AFP published the scam script to promote an understanding of how romance scams are operated and greater vigilance by the public.

Capital / Liquidity

More HK Banks Join Effort to Resolve SME Cash Flow Issues

19/02/2025

The HKAB says 12 more banks have joined a pilot programme aimed at helping SMEs resolve liquidity and cash flow pressures.

AML / KYC

HKMA Mandates Mandatory Name Matching for All Fund Transfers

19/02/2025

Under the HKMA’s 2021 guidance, the mandatory name matching process was only required for fund transfers of HKD 10,000 or above.

ESG / Sustainability

HKMA Issues New Guide for Banks on Greentech Adoption

19/02/2025

The HKMA is urging banks to review the new practice guide and consider how greentech can be integrated into their operations.

Crypto / Digital Assets

Standard Chartered Forms JV to Issue HKD-Backed Stablecoin

19/02/2025

Standard Chartered, Animoca Brands and HKT will apply for HKMA licence to issue the first Hong Kong dollar-backed stablecoin.

Australia Cracks Down on Land Banking by Foreign Investors

19/02/2025

Australia is banning foreign investors from buying established homes for two years and cracking down on foreign land banking.

Market Infrastructure

Hong Kong Gazettes Subsidiary Legislation on Paperless Regime

19/02/2025

Six pieces of subsidiary legislation set out detailed operational and regulatory matters for the uncertificated securities market regime.

AML / KYC

FMA Issues Alert on Fake Online Investing Platforms

19/02/2025

The FMA has identified a “large network” of fake online investing platforms involving 96 duplicate websites or platforms.