Hong Kong

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    Sanctions

    OFAC Sanctions Two More Vessels for Supporting Houthis

    By Editors | 07/03/2024

    The sanctions also target Hong Kong-based and Marshall Islands-based companies, which own the two vessels.

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    Capital / Liquidity

    HK Banks Stop Offering Mortgage Loans for Speculation

    By Editors | 07/03/2024

    Many banks have stopped providing mortgages for confirmor transactions, due to signs that speculative interest is reemerging in the property market.

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    Crypto / Digital Assets

    BIS Innovation Hub to Explore ‘Privacy by Design’ for CBDC

    By Manesh Samtani | 07/03/2024

    The BIS Innovation Hub and HKMA have launched Aurum 2.0, a project focused on building privacy features into CBDC systems.

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    Crypto / Digital Assets

    Hong Kong: More Clarity Needed on Proposed OTC Crypto Regime

    By Nithya Subramanian | 07/03/2024

    Clarity is needed on the scope of activities captured by the regime, how stablecoins will fit into the regime, and how professional investors will be treated.

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    Enforcement

    SFC, HKEX Jointly Take Action Against GEM-Listed Firm

    By Sanday Chongo Kabange | 06/03/2024

    Two former directors misappropriated assets by paying an IPO consultant who subsequently rerouted the funds back to the directors.

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    Market Infrastructure

    ASIFMA Calls for More Enhancements to Wealth Connect Scheme

    By Sanday Chongo Kabange | 05/03/2024

    ASIFMA calls for a further increase in the individual investment quota and a more extensive expansion to the list of eligible products.

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    Crypto / Digital Assets

    SFC Issues More Warnings About Suspected Crypto Frauds

    By Sanday Chongo Kabange | 05/03/2024

    BitForex, which disappeared with users’ funds last month, was added to the alert list, along with suspicious websites impersonating HashKey and OSL.

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    Capital / Liquidity

    HKMA Issues Revised SPM Module on CCyB Settings

    By Editors | 05/03/2024

    The revised SPM module introduces a Positive Neutral CCyB of 1% for Hong Kong to ensure an additional buffer is available in the event of a shock.

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    Market Infrastructure

    Bonnie Chan Takes Over as Chief Executive of HKEX

    By Manesh Samtani | 04/03/2024

    The CEO-handover took effect just after HKEX reported an 18% jump in its 2023 profits, but a 13% drop in fourth-quarter profits.

    Securities / Derivatives

    Hong Kong Launches New Immigration Scheme for Investors

    By Manesh Samtani | 04/03/2024

    The New Capital Investment Entrant Scheme opened for applicants on Friday, several months earlier than expected.

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