Hong Kong

Securities / Derivatives

Hong Kong Lists First-ever Covered Call ETFs

By Sanday Chongo Kabange | 29/02/2024

HKEX’s Brian Roberts said the two new ETFs help to further diversify the exchange’s line-up of exchange-traded products.

AML / KYC

Hong Kong Concludes First International Anti-Corruption Training

By Sanday Chongo Kabange | 29/02/2024

The training programme, co-organised by the ICAC and UNODC, brought together participants from 19 jurisdictions.

Enforcement

HK Retail Trader Convicted of Fraud Involving Naked Short Selling

By Sanday Chongo Kabange | 28/02/2024

This is the first criminal conviction in Hong Kong for securities fraud involving illegal short selling.

Crypto / Digital Assets

HK Budget Promises Financial Sector Development, Boost for Property Market

By Manesh Samtani | 28/02/2024

Restrictions on property transactions removed. Property lending requirements eased. HK$100mn pledged to promote financial services.

ESG / Sustainability

HKMA to Roll Out Physical Risk Assessment Platform “Soon”

By Manesh Samtani | 28/02/2024

The cloud-based platform will enable banks to assess physical risk for specific property exposures over different time horizons and climate scenarios.

Securities / Derivatives

HKEX to Launch Self-Match Prevention Service Within Q1

By Editors | 27/02/2024

Testing of the service for the securities market is complete. Firms are encouraged to join a practice session on 9 March to ensure readiness for the launch.

Crypto / Digital Assets

HK-based Crypto Firm BitForex Disappears With User Funds

By Mark Johnston | 27/02/2024

$56mn in crypto was removed from the exchange before it stopped processing transactions and responding to user queries.

Enforcement

SFC Launches Proceedings Against Ex-Chairman of Ding Yi Feng

By Sanday Chongo Kabange | 27/02/2024

The SFC is seeking orders requiring the former chairman and 20 others to compensate investors for losses suffered as a result of a 2018 price manipulation scheme.

ESG / Sustainability

Hong Kong to Develop Transition Finance Framework: HKMA

By Sanday Chongo Kabange | 27/02/2024

HKMA’s Darryl Chan said the  Green and Sustainable Finance Cross-Agency Steering Group will start work on a transition taxonomy this year.