Hong Kong

ESG / Sustainability

HKMA Consults on Prototype Green Classification Framework

By Manesh Samtani | 30/05/2023

The HKMA commissioned Climate Bonds Initiative to develop the prototype, which focuses on activities in the energy, transport, buildings, waste and water sectors.

Crypto / Digital Assets

HKMA to Ramp Up Cross-border Collaboration with UAE

By Editors | 30/05/2023

The HKMA will form a joint working group with CBUAE and banking sector stakeholders to take forward the agreed initiatives.

ESG / Sustainability

HKMC Securitises First Batch of Infrastructure Loans

By Editors | 30/05/2023

HKMC’s pilot securitisation includes a $100mn sustainability tranche backed by sustainable, green and social assets.

Market Infrastructure

Bangkok Bank Becomes First Thai Bank to Access CLSSettlement

By Manesh Samtani | 30/05/2023

Bangkok Bank Hong Kong Branch can use CLSSettlement to benefit from PvP settlement and mitigate FX settlement risk.

Crypto / Digital Assets

New Crypto Industry Bodies Launch in Hong Kong

By Manesh Samtani | 29/05/2023

The new industry bodies are a response to Hong Kong’s new licensing regime for the crypto industry, which will come into effect from 1 June.

Crypto / Digital Assets

Hong Kong Police Launch “CyberDefender Metaverse” Platform

By Editors | 29/05/2023

The platform is designed to help educate the public about cyber crimes in the Metaverse, especially those involving virtual assets.

Enforcement

HK SFC Disqualifies Former Luxey International Directors

By Ranamita Chakraborty | 25/05/2023

A Hong Kong court found two former Luxey International directors responsible for fraudulently inflating the price of a corporate acquisition and pocketing the gains.

AML / KYC

Hong Kong SFC Issues Updated AML/CFT Guidelines

By Editors | 25/05/2023

The updated AML/CFT guideline includes a new stand-alone chapter on regulatory requirements and standards for addressing ML/TF risks associated with virtual assets.

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.