HONG KONG

Enforcement

HKMA Fines Four FIs HKD 17.8M for AML and CDD Failures

By Sanday Chongo Kabange | 23/07/2025

The HKMA has penalised three banks and a stored value facility licensee for AML/CFT control deficiencies.

Market Infrastructure

LSEG Explores 24-Hour Trading, Prompting Debate in Hong Kong

By Manesh Samtani | 22/07/2025

The move is a response to rising demand from retail investors and follows similar initiatives by US exchanges, prompting debate in other financial centres.

Crypto / Digital Assets

HKMA to Adopt Invitation Only System for Stablecoin Licensing - Report

By Sanday Chongo Kabange | 22/07/2025

The HKMA will reportedly only issue an application form after a potential applicant has been pre-screened and gained "basic recognition" during initial vetting.

Enforcement

Hong Kong Court Bans Former First Credit Director for Seven Years

By Sanday Chongo Kabange | 22/07/2025

The SFC secured the order for breaches involving an undisclosed de facto director and misleading fundraising announcements

Fintech / Regtech

Hong Kong Privacy Watchdog Probes Louis Vuitton Data Breach

By Manesh Samtani | 21/07/2025

The investigation follows the luxury brand's disclosure of a multi-country cyberattack that compromised the personal data of customers across Asia.

Capital / Liquidity

HKMA Issues Updated Guidance on IRB Model Validation

By Sanday Chongo Kabange | 21/07/2025

The updated guidance introduces stricter requirements on data architecture, conceptual model soundness, group-wide systems, and the use of external benchmarks

Securities / Derivatives

ChinaAMC Launches World's First Tokenised Renminbi Fund in Hong Kong

By Editors | 18/07/2025

ChinaAMC has rolled out RMB and USD tokenised money funds, positioning them as yield-generating tools for anticipated stablecoins under new city rules.

Capital / Liquidity

HKMA Rejects Rumours About Possible Establishment of 'Bad Bank'

By Editors | 18/07/2025

The HKMA has dismissed reports that lenders were discussing the establishment of a new vehicle to handle rising non-performing loans.

Capital / Liquidity

Hong Kong DPB to Test Bank Failure Readiness in Q4 2025

By Sanday Chongo Kabange | 17/07/2025

The Deposit Protection Board says the exercise in Q4 2025 will simulate a real-life bank failure to test systems, personnel, and payout agents under the new HKD 800,000 protection limit.