Hong Kong

Capital / Liquidity

SFC Proposes Risk Management Guidelines for Futures Brokers

By Editors | 28/11/2022

The guidelines strengthen requirements for futures brokers to safeguard client assets, put in place trading controls, and set prudent client limits.

ESG / Sustainability

HKMA Report Calls Out Greenwashing by Green Bond Issuers

By Mark Johnston | 28/11/2022

The report shows that so-called greenwashing firms are to some extent being penalised by the market with higher re-issuance costs.

AML / KYC

HKMA, Cyberport Host Third AML Regtech Lab

By Sanday Chongo Kabange | 25/11/2022

The HKMA says retail banks increased their identification and reporting of suspicious accounts and networks by 127 percent compared to a year ago.

Enforcement

HK Court Orders Investment Company to Compensate Clients

By Editors | 25/11/2022

The investment firm sold clients’ securities without authorisation, misappropriated the proceeds, and fabricated documents to conceal the transactions.

Market Infrastructure

Swap Connect Launch Facing Likely Delay – Report

By Editors | 25/11/2022

Opening China’s USD 5 trillion swap market to foreign investors will enable them to better manage interest rate risks arising from Chinese bond investments.

ESG / Sustainability

HKEX Carbon Marketplace ‘Well Received’ by Market

By Editors | 24/11/2022

In the four weeks since its launch, Core Climate has recorded more than 40 trades, representing around 400,000 tonnes of carbon credits.

Fintech / Regtech

ZA Bank, Wise Partner to Offer International Remittances

By Manesh Samtani | 24/11/2022

ZA Bank will offer a “hassle-free service to users, without worrying about any foreign exchange markup, hidden charges and transfer progress.”

Market Infrastructure

SFC Proposes Further Changes to Position Limit Regime

By Editors | 23/11/2022

The SFC proposes to expand the list of specified contracts and introduce an excess position limit regime for clearing participants.

Securities / Derivatives

HK Gazettes Bill to Promote Trading in Dual-Counter Stocks

By Editors | 21/11/2022

The bill, to be introduced for LegCo’s first reading on 30 November, will exempt market makers in dual-counter stocks from stamp duty.