Subject to regulatory approval, 37 new futures and options contracts based on MSCI Asia and emerging markets indices will be launched in Hong Kong.
The 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.
The raft of government measures designed to stave off corporate raiders is unlikely to abate soon, compliance practitioners say.
Bankers 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.
The 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.
As 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.
Over 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.
A 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.
As 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.
The firm failed to comply with product due diligence requirements, client suitability obligations and specific guidance on the sale of fixed income products.