Under the existing framework, non-retail funds domiciled in Hong Kong are not exempt from profits tax, unlike their offshore-domiciled counterparts.
Hong Kong is not obliged to enforce unilateral sanctions imposed by individual jurisdictions including the US, a senior official said in regards to Huawei's alleged dealings with Iran.
OTC derivatives participants will be subject to new risk mitigation requirements, as well as conduct requirements for dealings with group affiliates and related parties.
Years of prudent macroeconomic policies and robust financial regulation and supervision will help Hong Kong weather possible domestic and external shocks, the IMF says.
Chinese stock exchanges will work with HKEX to formulate rules enabling mainland investors' access to Hong Kong-listed dual class shares by mid-2019, after banning them in July.
The HKMA has provided an update on the processing of virtual banking applications, saying it will shortlist one-third of remaining applicants with an aim to granting licences in Q1 2019.
SFM HK Management Ltd, owned by New York's Soros Fund Management, was fined HK$1.5mn for short selling Great Wall Motors bonus shares before they were available for trading.
Amended 'Code on Unit Trusts and Mutual Funds' to take effect in January with 12-month transition period. Proposals on classification of derivatives funds have been revised.
The PBOC says preparatory work has been completed to enable international investors' access to China's interbank bond market, via Bond Connect, through Bloomberg terminals.
The HKMA and privacy commissioner have demanded security improvements after reporters were able to access top officials' credit reports through TransUnion's online service.