Hong Kong

Market Infrastructure

SFC, CSRC Announce Move to Expand Scope of Stock Connect

By Editors | 19/12/2022

After the expansion, Stock Connect is expected to include stocks that account for more than 80 percent of equity trading in each market.

Securities / Derivatives

HKEX Proposes to Further Expand Paperless Listing Regime

By Editors | 19/12/2022

Paperless initiatives announced since 2020 have improved efficiency and lowered costs for issuers, HKEX says, proposing changes to further simplify its administrative procedures.

Securities / Derivatives

ICE Opens Access Centres in Hong Kong, Shanghai, Tokyo

By Editors | 18/12/2022

ICE says the enhanced connectivity includes ultra-low-latency access to exchanges in Hong Kong, Shanghai and Tokyo.

AML / KYC

HKMA Asks StanChart to Investigate Unauthorised Card Transactions

By Editors | 18/12/2022

Standard Chartered has said there is no evidence of a data leak, that it would arrange refunds, and that it has strengthened its monitoring systems in response.

Market Infrastructure

US Regulators Deem Audit Inspections of Chinese Firms a Success

By Manesh Samtani | 16/12/2022

The PCAOB did identify some deficiencies in their inspection work, but it was able to view complete audit work papers with no redactions.

Hong Kong Names Julia Leung as New SFC Chief

By Editors | 16/12/2022

Julia Leung will become CEO of the SFC on 1 January following Ashley Alder’s departure to become the UK FCA’s new chair.

Crypto / Digital Assets

Hong Kong to List First Crypto Futures ETFs on 16 Dec

By Editors | 15/12/2022

The ETFs are being launched by CSOP Asset Management, one linked to Bitcoin futures and the other to Ether futures traded on the CME.

China, Hong Kong Set to Allow Quarantine Free Travel

By Editors | 14/12/2022

Travellers to Hong Kong will be allowed to visit restaurants and bars on arrival. Travellers to the Mainland will no longer have to quarantine.

Fintech / Regtech

HashKey, ZA International to Cooperate on Digital Assets

By Editors | 14/12/2022

The two groups will cooperate on digital assets, Web3 and DLT. ZA International recently unveiled plans to tokenise its ZA Coin.