Hong Kong

Market Infrastructure

HKMA Designates New Market Makers for Southbound Bond Connect

By Sanday Chongo Kabange | 25/09/2023

The new designations bring the total number of designated market makers for Southbound Bond Connect trading from 13 to 22.

Crypto / Digital Assets

HKMA Says More Central Banks Will Join mBridge Platform

By Editors | 23/09/2023

HKMA CEO Eddie Yue said an MVP will soon be launched to pave the way for the “gradual commercialisation of mBridge”.

SFC Finalises Revisions to Takeovers and Share Buybacks Codes

By Editors | 22/09/2023

The amended Codes on Takeovers and Mergers and Share Buy-backs will be gazetted on 29 September 2023 and then take effect immediately.

Crypto / Digital Assets

SFC Confirms Crypto Firm JPEX Never Approached it About Licensing

By Sanday Chongo Kabange | 22/09/2023

JPEX breached the SFO and AMLO by publishing confidential correspondence with the SFC. Three more arrests have been made.

ESG / Sustainability

HKMA Announces Launch of Green Fintech Competition

By Editors | 21/09/2023

Interested firms will need to submit a market-ready solution for at least one of four themes by 20 October 2023.

HK Cyberport Data Breach Prompts Discussions of New Cybersecurity Law

By Editors | 21/09/2023

An estimated 400 gigabytes of data was compromised, including the personal information of Cyberport staff and several startups.

Capital / Liquidity

INTERVIEW: Hong Kong’s Codes On Takeovers, Mergers Ripe for Amendment

By Jill Wong | 20/09/2023

Roger Cheng, who used to head the takeovers team at Hong Kong’s SFC, talks to Regulation Asia about the proposed changes to the SFC’s codes on takeovers and mergers and share buy-backs.

AML / KYC

HK Police Force Hosts First-ever Cyber Policing Symposium

By Editors | 20/09/2023

Hong Kong and Mainland officials called for greater cross-border cooperation between law enforcement agencies to deal with cybercrime threats.

Enforcement

Hong Kong Police Arrest Eight in JPEX Crypto Fraud Case

By Manesh Samtani | 19/09/2023

Police said complaints have been received from 1,641 investors reporting HKD 1.2 billion in losses, making it the single largest fraud case in Hong Kong’s history.