Hong Kong
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160HKEX to Launch New Derivatives, Including China A-Share Futures
Editors, Regulation Asia May 27, 2020Subject to regulatory approval, 37 new futures and options contracts based on MSCI Asia and emerging markets indices will be launched in Hong Kong.
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333HKMA Issues Guidance on Treatment of Loans Under Relief
Editors, Regulation Asia May 26, 2020The HKMA's guidance on the treatment of loans subject to government guarantees and payment moratoriums is largely in line with guidance issued by the BCBS last month.
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493More Protectionist Regulatory Intervention on the Cards, Experts Warn
Daniel Flatt, Regulation Asia May 25, 2020The raft of government measures designed to stave off corporate raiders is unlikely to abate soon, compliance practitioners say.
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248Hong Kong: National Security Law Expected to Cause Capital Flight
Editors, Regulation Asia May 25, 2020Bankers are reportedly receiving requests to activate plans to withdraw assets from Hong Kong in light of Beijing's plan to impose national security legislation in Hong Kong.
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222SFC to Allow Leveraged, Inverse ETFs Tracking Mainland Indices
Editors, Regulation Asia May 24, 2020The SFC is prepared to initially only accept 'swap-based' L&I products tracking Mainland equity indices, with a leverage factor up to 2x, or negative 1x for inverse products.
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429HKMA Publishes Findings from Bank Culture Reform Initiative
Manesh Samtani, Regulation Asia May 24, 2020As a next step, the HKMA will conduct more focused reviews on retail banks' front office in relation to the distribution of banking, investment and insurance products.
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1.2KHK Banks See Fintech More As Opportunity Than Threat – Study
Editors, Regulation Asia May 21, 2020Over the next ten years, banks expect to continue to play a key role in fintech innovation and adoption, and are confident they will not be displaced by new competitors.
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413Hong Kong: Securities Industry Subsidies to be Available from 25 May
Editors, Regulation Asia May 21, 2020A cash subsidy of HK$50,000 will be available for securities firms ranked 15th onwards by market turnover, and HKD 2,000 for each individual licensed by the SFC.
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302Clearstream, Euroclear Appoint First Chinese Bank as Common Depository
Editors, Regulation Asia May 20, 2020As a common depository, CCB (Asia) will facilitate access to the international capital markets for Chinese issuers, and provide APAC investors easier access to the Eurobond market.
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410
SFC Fines Convoy Asset Management Over Bond Sales
Editors, Regulation Asia May 20, 2020The firm failed to comply with product due diligence requirements, client suitability obligations and specific guidance on the sale of fixed income products.
