Preparation for formal implementation will take about two months. ETF eligibility criteria have been published by HKEX, SSE and SZSE for consultation.
Banks and their subsidiaries have until 1 June 2023 to comply with new regulatory requirements for their trust business and related activities.
HKEX will host technical workshops and demonstration sessions in the coming months, and commence FINI user registration and on-boarding in Q4 2022.
An agreement could not be reached about a requirement for US accountants to have one year of local experience to practise in Hong Kong.
Some incentive systems used in retail banks' front offices may unintentionally push staff to prioritise business objectives over customer outcomes.
Survey respondents said government support is needed to drive education and promote fairness, ethics, accountability and transparency in the industry.
New offices in Europe and the US will allow HKEX to provide services and support to international companies seeking to list or invest in Hong Kong.
Recommended model contractual clauses are provided for scenarios where personal data is transferred across borders to another data user or to a data processor.
A former personal assistant helped his boss to launder HKD 125 million borrowed from listed company Sunway International Holdings.
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