HONG KONG

    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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