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.
Hong Kong regulators are imposing strict financial rules four years ahead of their expected implementation under global standards on worries some banks may be vulnerable if Chinese economy weakens significantly.
Hong Kong Exchanges and Clearing Ltd said it will extend after-hours futures trading by 45 minutes in a move that could attract more trading from clients in the North American and European markets.
The Hong Kong Exchanges and Clearing Ltd (HKEx), through its subsidiary the Stock Exchange of Hong Kong, has published a guidance letter on the application of the reverse takeover norms in its listing rules.
The Securities and Futures Commission has launched a new online platform to streamline the submission process for disclosures of dealings under takeovers and mergers code.
The International Monetary Fund (IMF) in its comprehensive assessment of Hong Kong's financial system found that the city’s banking system is very well regulated and resilient.
Financial services regulators in major markets including Hong Kong have increased their expenditure over the last seven years by nearly 60% amid growing pressure on regulatory agencies to deepen scrutiny of the financial services industry following the 2008 crisis.
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