The sovereign growth portfolio will invest in Hong Kong-specific projects, aimed at lifting the city’s competitiveness in financial services, commerce, aviation, logistics and innovation.
The HKMA outlines four regtech use cases that support the effective implementation of AML/CFT measures at Hong Kong banks.
Starting in September, participants will be able to fully automate their current LOP reporting process, using the Secure File Transfer Protocol (SFTP) facility.
Airstar Bank commits to becoming "Everyone’s Bank", contrasting itself with conventional banking models which focus on high net-worth individuals.
The OTC derivatives licensing regime will not capture corporate treasury activities of non-financial groups, portfolio compression services, and certain portfolio management activities.
Overregulation is an issue for some fund managers in Hong Kong, but the industry is also calling for greater regulatory clarity around GBA initiatives and ESG standards, according to a KPMG-HKIFA survey report.
REITs will be given more flexibility to invest in minority-owned properties and property development projects, and borrowing limits will be increased.
Potomac misinterpreted the financial resources rules and incorrectly including aged fees receivables as liquid assets, leading to an overstatement of liquid capital.
Nick Turner at Steptoe & Johnson discusses how sanctions could be imposed against Hong Kong. While current signs point to a limited US response, it’s best to be prepared.
The PBOC and CBIRC have offered assurances that Hong Kong's status as an international financial centre will not be jeopardised under the new national security law.