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Hong Kong
Fintech / Regtech
SFC Consults on Subsidiary Legislation for Paperless Securities
By Editors | 27/03/2023
The subsidiary legislation covers operational and technical matters and the introduction of a more robust regulatory regime for securities registrars.
AML / KYC
Hong Kong ICAC Issues Corruption Prevention Guide for Banks
By Sanday Chongo Kabange | 27/03/2023
The HKMA said banks operating in Hong Kong must use and make reference to the new corruption prevention guide.
Securities / Derivatives
SFC Waives Annual Licensing Fees for 2023/24 Financial Year
By Editors | 27/03/2023
The annual licensing fees were first waived for the 2020/21 financial year for a one year period, but it has since been extended each year.
Market Infrastructure
Hong Kong: New Regime for Depositaries to Start in Oct 2024
By Sanday Chongo Kabange | 27/03/2023
Electronic licensing forms for RA 13 will be available in Q3 2023. Depositaries operating in Hong Kong will then have four months to submit a licensing application.
Market Infrastructure
HKEX Finalises New Listing Rules for Specialist Tech Firms
By Editors | 27/03/2023
HKEX has lowered the threshold for specialist tech firms to list on its exchange and made other refinements. The rules take effect from 31 March.
Fintech / Regtech
Hong Kong’s Fusion Bank Launches Business Banking Services
By Sanday Chongo Kabange | 23/03/2023
Fusion Bank promises SMEs a “hassle-free” account opening experience and a six month exemption on fees for new accounts.
Securities / Derivatives
SFC Publishes “Quick Reference” Licensing Guides
By Editors | 23/03/2023
The quick reference guides are intended to encourage more family offices and private equity businesses to operate in Hong Kong.
Crypto / Digital Assets
Crypto Firms Looking to Set Up in Hong Kong: Christopher Hui
By Editors | 22/03/2023
Between October and February, 80 virtual asset-related companies have expressed interest in establishing a presence in Hong Kong.
ESG / Sustainability
HKMA Chief Outlines Plans to Continue Developing Green Bond Market
By Sanday Chongo Kabange | 21/03/2023
At ASIFMA’s event on Friday, Eddie Yue said some future green bonds will be set aside for MPF funds, and that Hong Kong’s green bond programme will expand to cover sustainable bonds.
Capital / Liquidity
HKMA Proposes BELR, BCR Changes to Implement Basel III
By Editors | 20/03/2023
Proposed changes to the banking exposure limits rules and the banking capital rules are open for comment until 21 April.
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