HONG KONG

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.

Enforcement

Hong Kong SFC Secures Compensation for Clients of Fraudulent Brokerage

By Sanday Chongo Kabange | 24/07/2025

The SFC says court-appointed administrators have distributed assets to clients of Hong Kong Wan Kiu Investment.

Crypto / Digital Assets

HKMA Warns of 'Frothiness' in Stablecoin Market, Signals Strict AML Rules

By Sanday Chongo Kabange | 24/07/2025

The HKMA will grant only a handful of stablecoin issuer licences initially and impose stringent AML rules amid concerns over market speculation.

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.