HONG KONG

Market Infrastructure

Hong Kong Flags Wealth Sector Growth, Sees Major Hiring Push

By Sanday Chongo Kabange | 05/08/2025

HKMA’s Eddie Yue points to strong AUM growth and enhanced mainland schemes, with some firms projecting up to 100 percent headcount increases.

ESG / Sustainability

HKMA Tightens Rules on Bank Executives' External Roles

By Manesh Samtani | 05/08/2025

HKMA revises corporate governance code to minimise conflicts of interest arising from directors and senior management holding outside positions.

Enforcement

HK Police Arrest 82 in HK$40 Billion Money Laundering Probe

By Editors | 04/08/2025

A triad-led syndicate is accused of defrauding banks of over HKD 1 billion and laundering proceeds from illegal activities through a trustee services firm.

Market Infrastructure

HKEX Overhauls IPO Rules, Launches New Public Float Consultation

By Sanday Chongo Kabange | 02/08/2025

HKEX has finalised significant reforms to its IPO price discovery and allocation mechanisms, effective from August 2025.

Market Infrastructure

Hong Kong Touts Stability in Business Report, Flags 'Property Connect' Talks

By Sanday Chongo Kabange | 01/08/2025

New government report details plans for wealth management, digital assets, and a potential 'property connect' that allows Mainland buyers to purchase Hong Kong property.

Crypto / Digital Assets

Hong Kong Stablecoin Licensing Regime Officially Takes Effect

By Sanday Chongo Kabange | 01/08/2025

Hong Kong's new regulatory framework for stablecoins has taken effect, imposing stringent capital, reserves management, and AML requirements on issuers.

AML / KYC

DBS Hong Kong Launches Anti-Scam Team to Contain Fraud Threat

By Manesh Samtani | 01/08/2025

The bank has established a 24/7 team to combat authorised payment scams in Hong Kong, mirroring the model used by its Singapore parent to safeguard the interests of the bank’s customers.

Crypto / Digital Assets

Hong Kong Confirms Plans to Expand Family Office Tax Breaks

By Manesh Samtani | 01/08/2025

The expanded tax breaks will cover transactions in digital assets, emission derivatives/allowances, insurance-linked securities, loans, and private credit investments.

Hong Kong AFRC Flags Audit Fee Pressure and Hasty Appointments

By Sanday Chongo Kabange | 31/07/2025

The AFRC reports some improvement in audit quality but warns that intense competition and fee undercutting are creating significant risks for the profession.