Hong Kong

The HKMA will assess the need to align its supervisory framework with BCBS Principles for managing and supervising climate-related financial risks.

Wealth Management Connect had attracted only 0.3 percent of the total quota since its inception in October. HKIFA calls for an end to quarantine rules.

The woman used 23 personal bank accounts to launder the money over three years, mostly for shell companies set up by individuals from mainland China.

Hong Kong will develop a GHG emissions estimation tool, a green classification framework, and adopt the ISSB standards when they're ready.

Email fraud accounted for HKD 333 million of losses to companies and individuals in the first four months of this year.

HKEX plans to allow market participants to appoint multiple clearing banks for stock trades, a move already made for futures traders.

HKEX is not involved in the initiative. The move is part of the Saint Petersburg Stock Exchange's global issuer programme.

HKEX will encourage investment banks to issue structured products such as derivative warrants based on the MSCI A50 index.

The first three Eurosystem Centre projects will focus on crypto markets, quantum-resistant cryptography for payments, and climate-related disclosures.

Proposed amendments would lower the interest rate cap from 60 to 48 percent p.a., and the so-called 'extortionate' rate from 48 to 36 percent p.a.