Hong Kong

HKMA Launches Cybersecurity Initiative

Programme to cover cyber resilience assessment, professional development and information sharing.

HSBC Private Bank Fine Breaks New Regulatory Ground

Hong Kong SFC’s punitive measures are unlikely to make investing safer for advisors or clients.

HSBC Appeals Mis-selling Fine

Private banking unit was hit with HKD605mn SFC fine in July 2015.

Moody’s SFC Fine Halved, Ruling Upheld

HK Banks ‘Stable’ Despite China Risks – Fitch

Rating agency cites continued danger but notes banks’ declining exposure to mainland.

Hong Kong Launches New Professional Investor Regime

Regime introduces principles-based test for sophistication of corporate professional investors.

SFC Appoints New Head of Enforcement

Thomas Atkinson to move from Ontario Securities Commission on 3-year term.

SFC Could Follow UK Crowdfunding Regulation Format

Hong Kong regulator considering UK-style framework and prospectus exemptions.

SFC to Propose ‘See-through’ Investor Identification

System would allow regulator to see beyond broker transactions to identify instructing investors.

SFC Cuts Retail Investors from Ownership Principles

Only minor changes made to best-practice guidelines after public consultation.