Hong Kong

AML / KYC

SFC Finalises Licensing Regime for Crypto Trading Platforms

By Sanday Chongo Kabange | 24/05/2023

The SFC will start accepting licence applications from virtual asset trading platforms starting 1 June.

Securities / Derivatives

SFC Consults on Revisions to Takeovers and Share Buy-back Rules

By Editors | 21/05/2023

This includes a proposal to add a new rule to give an offeror and an offeree company the option to despatch Codes documents by electronic means.

Securities / Derivatives

HKEX Announces Launch Date for HKD-RMB Dual Counter Model

By Editors | 21/05/2023

The HKD-RMB Dual Counter Model will launch on 19 June 2023. HKEX is now accepting applications for Dual Counter Market Makers.

Crypto / Digital Assets

HKMA Launches e-HKD Pilot Programme With 16 Firms

By Editors | 19/05/2023

HSBC, StanChart, BOCHK, CCB, ICBC, Hang Seng Bank, Alipay, Ripple, Visa, Mastercard and ZA Bank are among those involved in HKMA’s pilot.

Enforcement

SFC Fines Brokerage for Negligence During Share Placement

By Editors | 19/05/2023

China On Securities used incorrect prices in contract notes and transferred shares to placees without first requiring payment.

Securities / Derivatives

SFC Chief Outlines Measures to Develop REITs Market

By Manesh Samtani | 17/05/2023

REITs could be allowed under Stock Connect, structured in a corporate (rather than trust) form, and add a renminbi counter for trading.

ESG / Sustainability

Hong Kong ESG Rules May Lift Mainland Disclosures

By ESG Investor | 16/05/2023

The upcoming rules will make HKEX-listed companies subject to the most stringent ESG disclosure requirements in the region.

Market Infrastructure

Meeting the Challenge of HKMA Operational Resilience Requirements

By Shannon Wong | 15/05/2023

Shannon Wong and Lisa Huang discuss the HKMA’s expectations on operational resilience ahead of a fast approaching 31 May deadline.

Securities / Derivatives

Northbound Trading for Swap Connect Has Launched

By Manesh Samtani | 15/05/2023

At the opening bell, 37 transactions worth about $273mn were executed involving participation from 16 foreign institutions.