Hong Kong

SEC commissioner Robert Jackson Jr reportedly urged Singapore and Hong Kong to maintain close oversight over companies with dual class share structures to mitigate against corporate governance risks.

The SFC will require better environmental and climate risk disclosures by listed companies and asset managers, and will work with HKEX to promote green financial products.

Huatai Financial's unintentional short sale of Great Wall Motor bonus shares in 2015 was as a result of inadequate systems and internal controls.

New payment system connects banks and stored-value facility operators to enable instant payments in Hong Kong dollar and renminbi.

Over 1,700 financial institutions have shared customer account balances and income details with the tax authority, as required by AEOI.

LegCo member Christopher Cheung met with SFC chairman Carlson Tong to represent broker concerns on potential margin lending restrictions.

The HKMA's guidance note expressly signals its desire to encourage and facilitate cooperation in investigations and enforcement proceedings, noting time, cost and resource savings for the regulator and institutions or individuals concerned.

The SFC’s Alexandra Yeong says Hong Kong has made great strides towards becoming a global centre for asset management.

A benign economic environment will support Hong Kong bank profitability and asset quality. However, increasing interest rates in the US could tighten bank liquidity.

Standard Chartered, WeLab, Zhong An Bank and HKT among several banking, technology and telecom firms applying for virtual banking licenses.