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HKMA to Cut 2026 Budget, Freeze Hiring, Reports Say
By Sanday Chongo Kabange | 29/07/2025
The HKMA will reportedly reduce its operating budget by 5 percent and halt new hiring, aligning with broader government austerity measures.
Market Infrastructure
HKEX Revises Timeline for Upgrades to Core Derivatives Platforms
By Sanday Chongo Kabange | 29/07/2025
HKEX has set a new timeline for the HKATS and DCASS operating system upgrade, opening a testing environment for API users from early August.
AML / KYC
Hong Kong Bank Complaints Surge as Anti-Fraud Measures Increase Customer Friction
By Sanday Chongo Kabange | 29/07/2025
The HKMA has urged banks to improve customer communication as enhanced account monitoring drives a sharp rise in complaints.
Enforcement
Two Former Execs Arrested in Hong Kong for Manipulation, Corruption
By Sanday Chongo Kabange | 28/07/2025
A former executive director of an SFC-licensed brokerage firm is suspected of accepting advantages from a listed company's former chairman.
Market Infrastructure
HKEX to Launch New Digital Issuer Platform Next Year
By Sanday Chongo Kabange | 28/07/2025
HKEX says the new secure web-based portal will become the mandatory channel for issuer submissions, enhancing compliance and market transparency.
Enforcement
Hong Kong PCPD Probes Cathay Pacific Data Breach
By Sanday Chongo Kabange | 25/07/2025
The compliance check into a Cathay Pacific data breach follows a recent investigation into a Qantas data breach, signalling heightened regulatory scrutiny on data protection in the city.
Fintech / Regtech
Hong Kong Developing New Rules to Support Elderly Banking Consumers
By Sanday Chongo Kabange | 25/07/2025
Regulators will issue elderly-friendly banking guidelines to improve the banking experience for seniors, and require banks to offer a "default no-online banking" option to customers.
Market Infrastructure
Hong Kong to Expand Mandatory Reference Checks for Bankers
By Sanday Chongo Kabange | 25/07/2025
From September 2025, the MRC Scheme will be expanded to cover 50,000 frontline staff involved in securities, insurance, or mandatory provident fund regulated activities.
Fintech / Regtech
China to Roll Out New SME Credit Assessment, Data Flow Models
By Editors | 25/07/2025
Multi-agency notice details a nationwide SME credit platform and new mechanisms for cross-border data transfer in key pilot zones.
Enforcement
US PCAOB Revokes Hong Kong Audit Firm's Registration
By Manesh Samtani | 24/07/2025
Centurion ZD CPA & Co. and its owner have been permanently barred after the PCAOB found major violations in the 2021 audit of Luckin Coffee.
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