Hong Kong

HKEX will explain the API development requirements for the new IPO settlement platform, set to launch in June 2023.

General clearing participants have to maintain liquid capital of HK$100mn for their first five non-clearing participants, and HK$20mn for each additional non-clearing participant.

Effective implementation of business continuity plans was a key factor contributing to operational resilience, says new report.

The Central Moneymarkets Unit will be further commercialised and upgraded in phases over three years. A new platform will be launched in 2025.

The new platform introduces margin requirements based on individual stock volatility, instead of a flat margin rate across all securities.

The amendments relate to SFO provisions on remedial orders, insider dealing, and advertising of investment products.

The two-day summit is reportedly aimed at reversing an exodus of financial talent from Hong Kong after more than two years of Covid-19 measures.

The information package will help clearing participants make final preparations for the launch of the new new risk engine on 13 June.

The HKMA finds that the CCyB release was effective in supporting bank lending, thus achieving its policy objective as a countercyclical tool.

BOCHK, Citi, Crédit Agricole CIB, HSBC and StanChart will work closely with IFC and HKMA to advocate client adaptation and promote green finance.