Hong Kong

Enforcement

SFC Orders Trading Suspension of Listed Fruit Products Seller

By Editors | 16/04/2024

The company was earlier ordered to reconstitute its board of directors and engage an independent manager over more than $60m in missing funds.

Securities / Derivatives

HKEX Confirms Decision to Allow Issuers to Hold Treasury Shares

By Manesh Samtani | 16/04/2024

Allowing Hong Kong-incorporated issuers to hold treasury shares will give them “greater flexibility in managing their capital structure”.

Crypto / Digital Assets

SFC Grants First In-Principle Approvals to Spot Crypto ETFs

By Editors | 15/04/2024

At least three firms have received conditional approval to launch spot bitcoin and ether ETFs and are now expected to file listing applications.

Market Infrastructure

Data Dissemination Arrangements Adjusted for Stock Connect

By Editors | 14/04/2024

HKEX will no longer disclose real-time buy and sell transaction amounts and total transaction volume for Northbound trading.

Crypto / Digital Assets

Crypto Firms Question Viability of Operating in Hong Kong – Report

By Sanday Chongo Kabange | 13/04/2024

Hong Kong’s regime has restrictions that limit access to overseas investors, raising doubts about long-term business viability.

Securities / Derivatives

SFC Reviewing HKEX Proposal to Enhance Clearing Flexibility

By Editors | 12/04/2024

HKEX enhanced its third party clearing arrangements for futures trades in 2022. A proposal submitted to the SFC would do the same for stock and options trades.

Enforcement

Hong Kong IA and ICAC Execute First Joint Operation

By Sanday Chongo Kabange | 12/04/2024

Two individuals were arrested over a scheme by an insurance broker to use unlicensed referrers to sell insurance policies to Mainland Chinese visitors in 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.