Trending

Data Privacy

Hong Kong to Create Mainland Data Flow Mechanism in AI Push

By Sanday Chongo Kabange | 26/08/2025

Financial Secretary Paul Chan has announced plans for secure cross-border data transfer as HKIC launches new AI talent initiatives.

Climate Risk

China Issues New Directive to Bolster National Carbon Market

By Manesh Samtani | 26/08/2025

The directive aims for broader industry coverage, enhanced financial product innovation, and increased participation from financial institutions.

Payments & Settlements

Hong Kong Launches Enhanced Arrangements for RMB Bond Repo

By Manesh Samtani | 26/08/2025

The new arrangements allow re-use of Chinese bond collateral and facilitate cross-currency trades saw over CNY 3 billion in transactions on debut.

KYC & CDD

Hong Kong Banks Propose ID Verification Platform to Handle Mainland Customers

By Sanday Chongo Kabange | 25/08/2025

Hong Kong banks are reportedly calling on regulators to establish a new channel to enable them to verify Mainland customers' identities.

Structural Regulation

China Proposes Major Overhaul of Interbank FX Market Rules

By Mark Johnston | 25/08/2025

New draft regulations aim to strengthen comprehensive supervision, clarify market access for institutions and modernise a framework dating back to 1996.

Trading & Investment

SEBI Proposes Overhaul of Stock Closing Price Mechanism

By Editors | 25/08/2025

SEBI proposes to introduce a new Closing Auction Session, aiming to align with global practices and boost market efficiency.

Trading & Investment

China Launches Cross-Border Asset Management Pilot in Hainan

By Manesh Samtani | 25/08/2025

China has officially launched its new cross-border asset management pilot programme in Hainan, allowing overseas investors access to onshore financial products.

Anti-Money Laundering

JPMorgan to Pay Malaysia $330m in Final 1MDB Settlement

By Editors | 23/08/2025

The deal resolves all outstanding claims and follows a Swiss conviction of the bank's unit for AML failures linked to the scandal.

Anti-Money Laundering

AUSTRAC Orders External AML Audit of Crypto Exchange Binance

By Editors | 22/08/2025

AUSTRAC cited serious concerns with Binance's AML controls, governance, and a lack of understanding of local Australian risks.