Hong Kong

Fintech / Regtech

HKEX Launches New IPO Settlement Platform

By Manesh Samtani | 23/11/2023

The platform, known as FINI, shortens the IPO settlement cycle from five days to two days, lowering risks for issuers and investors.

Crypto / Digital Assets

OKX Becomes First Crypto Major to Lodge SFC Licence Application

By Manesh Samtani | 22/11/2023

OKX, the world’s third-largest crypto exchange by 24-hour trading volume, is the seventh firm to apply for a Hong Kong VATP licence.

Securities / Derivatives

HKEX Introduces Reforms to Allow IPO “Double Dipping”

By Editors | 22/11/2023

The reforms allow existing shareholders and cornerstone investors of a listing applicant to subscribe for or purchase further securities.

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.