Hong Kong

A Hong Kong money changer and two directors were fined for operating a money service business before their licence application was approved.

Financial losses from crypto-related scams accounted for more than half of the total value lost through technology crime last year, police say.

Guidance is offered to reduce the burden on legitimate private banking customers trying to use banking services in Hong Kong.

Participants should review their current practices and procedures, strengthen their controls, and take immediate actions to rectify any breaches or deficiencies.

Philip Shaw's misconduct was "intentional, dishonest and contrary to a licensed person’s overarching duty to act in clients’ best interests," the SFC said.

Mainland investors will have access to about 80 more HK-listed stocks; International investors will have access to more than 1,000 more Mainland-listed stocks.

A Convoy Asset Management consultant was banned for life for his role in a stock manipulation scheme and for lying to the SFC.

After the launch of HKIDR on 20 March, investors who haven't provided consent will not be able to buy securities on the stock exchange.

The SEHK and HKFE were confirmed as Recognised Overseas Investment Exchanges by the UK's FCA this week.

Listing rule amendments designed to attract specialist tech firms to list in Hong Kong are expected to be finalised this month.