Hong Kong’s top regulator said preparations are under way to connect the city’s stock exchange with Shenzhen’s stock market, similar to the cross-border stock trading scheme with Shanghai.
Hong Kong Monetary Authority aims to create adequate capital buffer to boost the resilience of the city’s banking system with the adoption of global cash buffer standards next year.
Hong Kong financial regulators is seeking public views on specific aspects of so-called resolution regime for financial institutions that should make the city’s financial system stable and resilient in the face of crisis and economic shocks.
China Securities Regulatory Commission plans to allow more Chinese companies to list overseas and pledged increased collaboration with Hong Kong in developing the capital markets.
Hong Kong Exchanges and Clearing Ltd. plans to introduce new trading controls to make the securities and derivatives markets more efficient and globally competitive.
The Securities and Futures Commission and the European Securities and Markets Authority (ESMA) have agreed to enhance cooperation in overseeing Hong Kong-established central counter parties seeking recognition by ESMA.
Hong Kong Exchanges and Clearing said it is working with certain overseas regulators and institutional investors to improve market’s understanding of Shanghai-Hong Kong Stock Connect which went live in November.
US authorities would increase their investigations of international tax evasion by US taxpayers in Hong Kong and the rest of Asia following the implementation of the Foreign Account Tax Compliance Act from July last year, lawyers say.
The Hong Kong Monetary Authority said it found no evidence of rigging in the city’s foreign exchange benchmark following an investigation into the operations of ten banks.
The Securities and Futures Commission (SFC) has reaffirmed the statutory civil and criminal liability of initial public offering sponsors for defective prospectuses among the regulator’s main accomplishments in the quarter to September.