Hong Kong

Market Infrastructure

HKMA Considers How Banks Will Support Stock Trading During Typhoons

By Sanday Chongo Kabange | 21/11/2023

Banks would need to upgrade their systems to cope with a “potential new clearing arrangement for cheque payments”.

Securities / Derivatives

HKEX to Implement Position Limit Changes on 22 December

By Editors | 21/11/2023

The enhancements will boost the vibrancy and attractiveness of Hong Kong’s markets, said HKEX’s said Wilfred Yiu.

ESG / Sustainability

HKEX Pleased With Latest Findings from Corporate Governance Review

By Editors | 20/11/2023

The review found a reduction in long-serving INEDs and an increase in board diversity. HKEX has issued new guidance for INEDs.

Fintech / Regtech

Hong Kong Launches Pilot Programme for Multiple-CRA Model

By Manesh Samtani | 20/11/2023

Participating individuals can obtain consumer credit reports from three CRAs, to review the accuracy of data and assess their overall service performance.

Market Infrastructure

HKMA Updates Margin Financing Guidance Ahead of FINI Launch

By Editors | 19/11/2023

The revised SPM module provides further guidance on a “holistic approach to risk management” of share margin financing.

Enforcement

SFC Obtains Orders Against Ex-Chairman for Fraudulent Share Scheme

By Mark Johnston | 16/11/2023

Former chairman disqualified for 10 years from holding any directorial or managerial position in Hong Kong and fined for fraudulent share scheme.

HK FSDC Forms Hong Kong Academy for Wealth Legacy

By Sanday Chongo Kabange | 16/11/2023

The academy will foster collaboration, networking, knowledge sharing and talent development across Hong Kong’s family office industry.

AML / KYC

SFC Issues Updated AML/CFT Self-Assessment Checklist

By Editors | 15/11/2023

The updated checklist incorporates the May revisions to the SFC’s existing AML/CFT guideline, including to apply additional questions on virtual asset activities.

Securities / Derivatives

HKEX Shines Spotlight on HK’s Role as Fundraising Hub

By Sanday Chongo Kabange | 12/11/2023

New report from HKEX discusses Hong Kong’s listing regime, further planned enhancements, and why international companies should choose to list in the city.