Hong Kong

Hong Kong Customs for the first time detected a syndicate using cross-boundary vehicle drivers to assisting in money laundering activities.

HKEX and GFEX will work together to develop China's derivatives markets, explore a green and low-carbon market, and promote sustainability.

The arrests were made following a joint operation with the SFC against a listed company and its former senior executives suspected of corporate fraud involving HK$450mn.

Hong Kong’s delegate to the NPC Standing Committee Tam Yiu-chung says the vote was delayed pending further study.

BIS Innovation Hub, HKMA and private sector firms will tokenise green bonds to facilitate investment in and improve the transparency of green projects.

Market participants will be able to receive information on corporate actions in the form of ISO messages via SWIFT from 27 September.

Fund managers have 12-15 months to comply with the requirements, which cover governance, investment management, risk management and disclosure.

The SFC approved HKEX's launch of the new futures contract on Friday, calling it a major milestone for Hong Kong's capital markets.

In the fourth quarter, the frequency at which banks have to report data to the HKMA will also increase from quarterly to monthly, with a simplified reporting template.

The bill enables law enforcement to inspect the IWT-associated financial flows of individuals and companies and confiscate their proceeds of crime.