Judge rejects legal challenge to transfer of documents seized by SFC during execution of a search warrant to the Chinese securities regulator.
Government official says Hong Kong will continue to regard cryptocurrencies as commodities, won’t legitimise through regulation.
HK on 'greylist'; Macau, S.Korea, on blacklist with the latter said to operate a ‘harmful preferential tax regime’ for the wealthy, companies.
Securities regulator laid 42 charges in 6 months to end-September this year, up 180% from same period in 2016, but commenced far fewer investigations.
SFC says Northbound scheme will be followed by Southbound investor identification, eventually spread to all SEHK investors.
HKEX and SFC recently decided to admit dual class share listings, but reject a start-up board. Their decisions will change key regulatory principles.
HKMA, SFC say some intermediaries aren’t revealing related counterparties, not executing at best price, hide cheaper products.
Hong Kong financial companies need further improvements to guard against risky behaviour.
Securities and Futures Appeals Tribunal says future fines will be similarly large and exceed ‘mere cost of doing business’.
Digital onboarding can help banks provide a superior customer experience, guarantee AML compliance and improve internal efficiency.