The guidelines strengthen requirements for futures brokers to safeguard client assets, put in place trading controls, and set prudent client limits.
The report shows that so-called greenwashing firms are to some extent being penalised by the market with higher re-issuance costs.
The HKMA says retail banks increased their identification and reporting of suspicious accounts and networks by 127 percent compared to a year ago.
The investment firm sold clients’ securities without authorisation, misappropriated the proceeds, and fabricated documents to conceal the transactions.
Opening China's USD 5 trillion swap market to foreign investors will enable them to better manage interest rate risks arising from Chinese bond investments.
In the four weeks since its launch, Core Climate has recorded more than 40 trades, representing around 400,000 tonnes of carbon credits.
ZA Bank will offer a “hassle-free service to users, without worrying about any foreign exchange markup, hidden charges and transfer progress."
The SFC proposes to expand the list of specified contracts and introduce an excess position limit regime for clearing participants.
The bill, to be introduced for LegCo's first reading on 30 November, will exempt market makers in dual-counter stocks from stamp duty.
Banks can access commercial credit reference agencies via the CDI to automate credit approval processes, reduce manual handling, and enhance operational efficiency.
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