Hong Kong

AML / KYC

HK Customs Arrests One in Largest Ever Gold Smuggling Case

By Sanday Chongo Kabange | 11/04/2024

The Customs and Excise Department has seized HKD 84 million worth of gold and arrested one person.

Securities / Derivatives

SFC Issues Guidance on Offering Hong Kong Funds in UAE

By Mark Johnston | 11/04/2024

The SFC published an information sheet providing guidance on how Hong Kong funds can be offered to investors in the DIFC and the UAE more broadly.

Capital / Liquidity

HKMA Consults on Revisions to Bank Disclosure Guidelines

By Editors | 10/04/2024

The revisions are related to the implementation of the Basel III final reform package. The consultation is open until 7 May 2024.

Market Infrastructure

NAFMII Publishes Standard Agreement for Swap Connect

By Editors | 10/04/2024

The agreement is intended for use by domestic and foreign counterparties trading interest rate derivatives under Swap Connect.

Enforcement

SFC Secures Court Orders Against Former Company CFO

By Sanday Chongo Kabange | 10/04/2024

The former CFO was ordered to pay compensation of HK$163mn, the full amount that was misappropriated by the former chairman.

Crypto / Digital Assets

China Asset Management Applies to Launch Spot Bitcoin ETF in HK

By Editors | 09/04/2024

China Asset Management, one of the Mainland’s largest asset management companies, also has a cooperation agreement with HashKey.

Crypto / Digital Assets

How HKMA Aims to Prevent Fragmented Digital Money Ecosystem

By Nithya Subramanian | 04/04/2024

HKMA aims to ensure that different types of tokenised money issued in the city can interact with each other.

Enforcement

Hong Kong Insurance Authority Signs Collaboration MoU with HKPF

By Sanday Chongo Kabange | 03/04/2024

The Insurance Authority and Hong Kong Police Force will collaborate on case referrals, joint investigations and capacity building.

Crypto / Digital Assets

HKMA to Explore Common Industry Standards for Digital Money

By Manesh Samtani | 02/04/2024

Phase 2 of HKMA’s e-HKD testing initiative will explore the development of standards on interoperability and smart contract design.