Hong Kong

AML / KYC

Alternative Fund Managers Face Growing AML Risks: Study

By Ranamita Chakraborty | 22/02/2024

Several alternative fund firms faced AML fines and few were visited by regulators over money laundering concerns.

ESG / Sustainability

Hong Kong Launches New Tools to Improve GHG Reporting

By Manesh Samtani | 22/02/2024

The calculation tool will help SMEs calculate GHG emissions; the estimation tool will help FIs estimate emissions of investees and borrowers.

EU Removes Four Jurisdictions from Tax Blacklist

By Mark Johnston | 22/02/2024

Hong Kong was also removed from the EU’s state-of-play document for making further improvements to its tax policies.

Securities / Derivatives

HKEX Introduces Exemption for Dealing in Suspended Securities

By Sanday Chongo Kabange | 21/02/2024

An exemption to the restriction on dealing in suspended securities has been introduced to facilitate stock option settlement.

Crypto / Digital Assets

HKMA Sets Standards for Digital Asset Custodial Services

By Manesh Samtani | 21/02/2024

HKMA circular sets out expectations standards for banks that wish to provide digital asset custodial services to clients.

Crypto / Digital Assets

HKMA Sets Out Expectations on Tokenised Product Offerings

By Manesh Samtani | 20/02/2024

HKMA circular sets out expectations for the sale and distribution of tokenised products in respect of due diligence, disclosure and risk management.

AML / KYC

Seven Arrested in Hong Kong’s Largest Ever Money Laundering Case

By Sanday Chongo Kabange | 19/02/2024

The case involves a total of about HK$14 billion of suspected crime proceeds. HK$185 million in assets has so far been frozen or seized.

Market Infrastructure

HKMA Sets Out Resolution Planning Expectations in New Guidance

By Sanday Chongo Kabange | 17/02/2024

A new chapter has been added to the Code of Practice setting out the measures banks should have in resolution plans.

Securities / Derivatives

HKEX to Accelerate Changes to Executive Leadership

By Editors | 10/02/2024

Current CEO will step down earlier than planned. Co-COO Bonnie Chan will start as CEO on 1 March 2024 instead of 24 May 2024.