Enforcement

Hong Kong Court Jails Ex-Lawmaker for Defrauding Stock Exchange

04/02/2025

A father and son were jailed for concealing a backdoor listing from the stock exchange. A third individual was jailed for laundering HKD 42 million.

Securities / Derivatives

SET Launches New Depositary Receipts based on HK-Listed ETFs

04/02/2025

The SET has more than 50 DR products listed on its market, including six new DRs based on ETFs listed in Hong Kong.

Enforcement

Australia Identifies 5,000 Potential Victims of Romance Scams

01/02/2025

The potential victims were identified from devices found by Philippine authorities at a Manila-based scam compound

Enforcement

HK PCPD Orders Oxfam to Remediate Privacy Law Breaches

28/01/2025

The PCPD says Oxfam didn’t have adequate measures in place to guard against the ransomware attack it experienced last year.

ESG / Sustainability

AFRC Assesses Readiness for Sustainability Reporting and Assurance

28/01/2025

An increasing number of HK-listed entities are obtaining sustainability assurance, and more auditors are offering these services.

Enforcement

Hang Seng Bank Fined for Mis-selling Investment Products

28/01/2025

SFC Executive Director of Enforcement Christopher Wilson described Hang Seng Bank’s misconduct as “serious and systemic”.

Fintech / Regtech

WeChat Pay HK Expands Cross-Border Payments to Mainland Merchants

28/01/2025

Transactions made in CNY will be automatically converted to HKD with no handling fees, the company said.

Enforcement

Hong Kong: Former OCBC Banker Pleads Guilty to Accepting Bribes  

28/01/2025

The former bank employee accepted a bribe to refer mortgage clients to an agent so he could earn referral fees from a different lender

Market Infrastructure

Hong Kong Moves Closer to Fully Paperless Securities Market

27/01/2025

Only online channels will be allowed for subscriptions to public offers of equity securities, and issuers will have more flexibility to adopt digital communication and payment technologies