Market Infrastructure

HK Official Offers Update on New Investment Migration Scheme

17/06/2024

InvestHK received 250 applications for the new capital investment entrant scheme by end-May, over 75% from Guinea-Bissau or Vanuatu.

ESG / Sustainability

HKEX Launches New Online “Board Diversity Hub”

17/06/2024

The new online hub is intended to advance gender diversity and help listed issuers meet a December deadline to have at least one female board member.

Enforcement

HK ICAC Charges Asset Manager for Laundering HK$50m

14/06/2024

The ICAC charged Xiao Rui, the owner of asset manager Augustine Holdings, for laundering HKD 50 million.

Market Infrastructure

Hong Kong, Shenzhen Forms Financial Cooperation Committee

14/06/2024

The committee will seek to foster deeper financial cooperation between Hong Kong and Shenzhen financial markets.

Fintech / Regtech

SZSE to Help HKEX Develop Integrated Fund Platform

14/06/2024

HKEX’s Integrated Fund Platform will enable market participants to more effectively distribute fund products to clients.

Market Infrastructure

NZ Minister Orders Inquiry into Banking Competition

14/06/2024

The Select Committee inquiry will examine banking competition, focusing on business and rural banking and lending.

HKMA Directs Banks to Review Insurance Referral Business

14/06/2024

The HKMA asked banks to assess their compliance with prohibitions on the use of unlicensed agents to target Mainland customers.

AML / KYC

Westpac Enhances Security Features to Protect Against Scams

13/06/2024

Westpac’s Ben Young said the new security features will help individuals and small businesses identify potential scams before they have made a payment,

Market Infrastructure

APRA Finalises Operational Risk Management Guidance

13/06/2024

The guidance is designed to help FIs implement the new cross-industry standard on operational risk management.