HONG KONG

Crypto / Digital Assets

HSBC Launches Novel Tokenised Deposit Service

By Sanday Chongo Kabange | 27/05/2025

HSBC’s blockchain-based liquidity solution for Hong Kong institutional clients marks the first live pilot initiative supported by HKMA’s supervisory incubator for DLT.

AML / KYC

HKMA Issues Two Consultations on Rules for Stablecoin Issuers

By Sanday Chongo Kabange | 27/05/2025

The first consultation proposes regulatory standards for stablecoin issuers seeking authorisation. The second proposes AML/CFT requirements.

Market Infrastructure

HKTR to Open New ISO 20022 System One Week Early

By Manesh Samtani | 27/05/2025

The HKTR system for ISO 20022 standard implementation will be opened one week early to facilitate industry preparation for the new OTC derivatives reporting regime.

Market Infrastructure

Hong Kong Opens Applications Under New Re-domiciliation Regime

By Sanday Chongo Kabange | 26/05/2025

AXA has become the first company to announced plans to use the new regime to re-domicile from Bermuda to Hong Kong.

Securities / Derivatives

LME Approves More HK Warehouses as City Seeks Commodity Trading Boost

By Manesh Samtani | 22/05/2025

LME approves three new warehouses in Hong Kong as city aims to become a key commodity hub with tax incentives.

Fintech / Regtech

HKMA Links Commercial Data Interchange to Land Registry

By Sanday Chongo Kabange | 22/05/2025

The linkage allows banks to search land and ownership information for property valuation, mortgage and loan assessments.

AML / KYC

HK Police Busts Cross-Border Money Laundering Syndicate

By Sanday Chongo Kabange | 22/05/2025

HKPF arrested 10 suspects linked to a money laundering operation involving stooge accounts in Hong Kong and Mainland China.

AML / KYC

SFC Alerts Public to Phishing Texts Targeting Brokerage Clients

By Sanday Chongo Kabange | 22/05/2025

Phishing texts are tricking Hong Kong investors into revealing personal data, leading to financial losses, warns the SFC.

AML / KYC

SFC Imposes 5-Month Ban on Former Lion Futures Director

By Sanday Chongo Kabange | 22/05/2025

The SFC banned a former MIC for five months over his role in Lion Futures’ failure to comply with AML/CFT requirements between 2017 and 2019.