Hong Kong

Crypto / Digital Assets

HK’s Stablecoins Regime to Streamline Cross-border Transactions

By Nithya Subramanian | 24/01/2024

Consistent regulatory approach globally and technical standardisations across different blockchains will be key to widespread adoption of stablecoins.

Securities / Derivatives

SFC to Review Brokers’ Internal Controls Next Month

By Sanday Chongo Kabange | 24/01/2024

The circularisation exercise and internal control review will help to identify potential misconduct such as misappropriation of client assets.

Fintech / Regtech

HKMA to Bolster Bank Supervision With Social Media Monitoring Tool

By Manesh Samtani | 23/01/2024

The planned solution will be able to extract data from social media and websites and use NLP to analyse market sentiment and risks associated with banks.

Fintech / Regtech

Hong Kong to Phase Out Cheques Amid Digital Payments Boom

By Mark Johnston | 23/01/2024

The Hong Kong Association of Banks will set up a task force to explore options for encouraging cheque users to shift to digital payments.

AML / KYC

HKMA Calls on Banks to Join SMS Sender Registration Scheme

By Editors | 23/01/2024

28 banks in Hong Kong have already registered, completed testing, and will begin using Sender IDs from 28 January 2024.

Crypto / Digital Assets

Hong Kong Firm Targets Spot Bitcoin ETF Launch in Q1

By Nithya Subramanian | 22/01/2024

Venture Smart Financial Holdings aims to accumulate USD 500 million in assets under management by the end of 2024.

ESG / Sustainability

HKMA Study Assesses Climate Risks of APAC Investment Funds

By Editors | 21/01/2024

Paper finds that funds with high climate risk exposure can face larger redemption pressures which can translate into financial stability risks.

Securities / Derivatives

SFC Defers Margin Requirements for Non-Centrally Cleared Equity Options

By Sanday Chongo Kabange | 16/01/2024

The SFC is delaying margin requirements for non-centrally cleared equity options to align with the UK and EU’s timelines.

Market Infrastructure

HKEX Holiday Trading to Include Currency Futures, Options from 29 March

By Sanday Chongo Kabange | 16/01/2024

HKEX will include currency futures and options in derivatives holiday trading starting from 29 March 2024.