Hong Kong

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    Market Infrastructure

    Hong Kong Considers Scaling Back Severe Weather Trading Plans

    By Sanday Chongo Kabange | 15/03/2024

    Hong Kong is reportedly considering whether to still keep local markets closed during the most severe weather events to help smaller firms continue operations.

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    Fintech / Regtech

    HKMA Launches Second Phase of e-HKD Testing

    By Sanday Chongo Kabange | 15/03/2024

    Phase 2 will focus on programmability, tokenisation and atomic settlement, leveraging the ‘Project Ensemble’ sandbox.

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    ESG / Sustainability

    BIS Project to Address Scarcity of Scope 3 Data

    By Manesh Samtani | 15/03/2024

    Project Symbiosis aims to address the lack of comprehensive emissions data from SMEs that are part of larger supply chains.

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    Crypto / Digital Assets

    SFC Issues Warning Against Crypto Products from Bybit

    By Sanday Chongo Kabange | 15/03/2024

    The warning refers to the Seychelles company Bybit Fintech Limited, and not the HK-incorporated Spark Fintech Limited, which has applied for an SFC licence.

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    AML / KYC

    Use of AI for AML Could Lower Effectiveness: Report

    By Bradley Maclean | 14/03/2024

    A new report from NICE Actimize and Regulation Asia sheds light on APAC’s use of technology to fight financial crime.

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    AML / KYC

    HKMA to Establish Regulatory Sandbox for Stablecoin Issuers

    By Sanday Chongo Kabange | 13/03/2024

    The HKMA will use the sandbox to communicate supervisory expectations and guidance on the issuance of fiat-referenced stablecoins in Hong Kong.

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    Enforcement

    Hong Kong ICAC Charges Former Senior Official of Insurance Authority

    By Sanday Chongo Kabange | 13/03/2024

    The former IA executive director threatened Prudential with the use of supervisory powers if it did not hire her daughter-in-law and give her a bigger salary package.

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    Market Infrastructure

    SFC Chairman Proposes Adjustment to Stock Connect Threshold

    By Editors | 11/03/2024

    SFC Chairman Tim Lui has asked mainland policymakers to lower the minimum asset requirement for mainlanders to invest in Hong Kong via Stock Connect.

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    Hong Kong to Pass New National Security Law in April

    By Editors | 09/03/2024

    The law includes sentences of up to life imprisonment for treason, insurrection and sabotage, and 10 years for crimes linked to state secrets.

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    Crypto / Digital Assets

    HKMA Commences wCBDC Project to Drive Tokenisation

    By Editors | 07/03/2024

    Project Ensemble could help to forge new financial market infrastructure that can bridge tokenised assets and money in transactions, the HKMA said.

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