A Hong Kong court found two former Luxey International directors responsible for fraudulently inflating the price of a corporate acquisition and pocketing the gains.
The updated AML/CFT guideline includes a new stand-alone chapter on regulatory requirements and standards for addressing ML/TF risks associated with virtual assets.
The SFC will start accepting licence applications from virtual asset trading platforms starting 1 June.
This includes a proposal to add a new rule to give an offeror and an offeree company the option to despatch Codes documents by electronic means.
The HKD-RMB Dual Counter Model will launch on 19 June 2023. HKEX is now accepting applications for Dual Counter Market Makers.
HSBC, StanChart, BOCHK, CCB, ICBC, Hang Seng Bank, Alipay, Ripple, Visa, Mastercard and ZA Bank are among those involved in HKMA's pilot.
China On Securities used incorrect prices in contract notes and transferred shares to placees without first requiring payment.
REITs could be allowed under Stock Connect, structured in a corporate (rather than trust) form, and add a renminbi counter for trading.
The upcoming rules will make HKEX-listed companies subject to the most stringent ESG disclosure requirements in the region.
Shannon Wong and Lisa Huang discuss the HKMA's expectations on operational resilience ahead of a fast approaching 31 May deadline.
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