The Securities and Futures Commission said it will continue with its efforts to develop an asset management market for Hong Kong domiciled funds, while safeguarding investor interests through launching various regulatory initiatives.
The Securities and Futures Commission is reviewing its overall approach to the regulation of market intermediaries following the combination of its licensing and supervision departments within a new Intermediaries Division.
Moody's Investors Service has maintained its negative outlook on Hong Kong’s banking system because of risks to lenders over the next 12 to 18 months from their increasing exposure to mainland borrowers.
The Hong Kong Monetary Authority has launched a non-statutory competency framework for private wealth management practitioners in Hong Kong.
The Securities and Futures Commission is seeking industry opinion on proposals to amend the code on unit trusts and mutual funds.
Hong Kong Exchanges and Clearing is proposing to revise corporate governance norms relating to internal controls, with the plan to require companies to place greater emphasis on risk management.
The Securities and Futures Commission plans to revise guidelines that will exempt companies from certain disclosure obligations.
Hong Kong is keen to further develop its Islamic finance market, a Securities and Futures Commission official said, adding that the city aims to work closely with Malaysia in enhancing its platform for Islamic finance.
The Hong Kong Monetary Authority has conducted a drill with banks on business continuity plans (BCP) to test the reliability and stability of the communications between the back-up offices of the regulator and the lenders.
The Hong Kong Monetary Authority and Mandatory Provident Fund Schemes Authority has launched an e-payment service for fund transfer system enhancing accuracy and efficiency of fund transfers between trustees.
Loading more posts...
Sorry, no more posts
No more pages to load