Central bank to exempt institutions incorporated overseas from new local IRRBB framework in cases where parent group is not additionally represented in Hong Kong through a locally incorporated institution.
Equity crowdfunding may not have specific regulations in Hong Kong, but it is potentially subject to restrictions and barriers to entry under existing rules. Yet, there is room to work alongside regulators to develop and test new products in this...
A key demand from international investors, a real-time delivery-versus-payment settlement system has now been implemented on the Bond Connect.
HKEX to launch secure file transfer protocol service for exchange participants later this month to ensure smooth transition to new investor ID regime for northbound trading, set for 17 September.
EY and two of its partners were collectively fined HK$700,000 plus HK$1.5mn in legal costs for failing to properly audit the financial statements of three firms that went bust soon after being listed.
HPI Forex Limited transferred client money from segregated client account to two overseas brokers, breaching the Code of Conduct and the SFC’s client money rules.
A new era of smart banking in Hong Kong is anticipated to begin at the end of this year with the establishment of virtual banks. Competent players will embrace enormous opportunities to challenge the city's traditional banking model.
The regulator has launched a two-month consultation around stronger risk management standards to govern securities margin financing.
The bank was fined HK$5mn for ineffective procedures for continuous monitoring of business relationships and due diligence on pre-existing customers.
Northbound investor ID system is scheduled to be implemented on 10 September, pending market readiness and regulatory approval, and will not affect the business of existing market participants.
Loading more posts...
Sorry, no more posts
No more pages to load