Hong Kong

EU Seeking to Prevent Sanctions Evasion via Vietnam, Malaysia

By Editors | 15/07/2024

EU sanctions envoy David O’Sullivan said China is a “growing problem” as a circumvention hub, but Vietnam and Malaysia are among the next priorities.

Enforcement

Hong Kong, China Collaborate to Probe PwC’s Evergrande Audit

By Nithya Subramanian | 15/07/2024

Under a 2019 agreement, China’s Ministry of Finance and Hong Kong’s AFRC can  provide assistance to each other in their investigations.

Securities / Derivatives

HKEX Lists First ETF Tracking China SOE Performance

By Editors | 12/07/2024

Hong Kong official Christopher Hui said ETF listing marks a new milestone for Hong Kong’s market.

Enforcement

HK AFRC: Claims Against PwC Not Supported by Evidence

By Editors | 11/07/2024

The AFRC said the evidence it gathered does not support three whistleblower allegations made in April against PwC.

Crypto / Digital Assets

Futu Securities Granted Approval to Offer Crypto in Hong Kong

By Editors | 11/07/2024

A licence upgrade allows Futu Securities to provide virtual asset dealing services to retail and professional investors in Hong Kong.

Fintech / Regtech

Navigating Hong Kong PCPD’s Model AI Framework

By Albert Yuen | 09/07/2024

Albert Yuen and Jasmine Yung at Linklaters discuss the Model AI Framework and its implications for the financial services sector.

Enforcement

HK Financial Consultant Pleads Guilty in ICAC Fraud Case

By Sanday Chongo Kabange | 09/07/2024

The consultant pleaded guilty in an investment fraud case that also involves three former StanChart relationship managers.

Capital / Liquidity

Hong Kong Passes Bill to Raise Depositor Protection Limit

By Sanday Chongo Kabange | 09/07/2024

The bill will raise the protection limit from the current HKD 500,000 to HKD 800,000, effective on 1 October 2024.

Securities / Derivatives

China to Allow CGBs as Collateral for Swap Connect

By Manesh Samtani | 09/07/2024

OTC Clear plans to start accepting China Government Bonds and Policy Financial Bonds as collateral for Swap Connect by year end.