Hong Kong

Crypto / Digital Assets

SFC Considers Allowing Retail Access to Crypto, Starting with ETFs

By Manesh Samtani | 01/11/2022

ETFs with crypto exposure through CME-listed BTC and ETH futures can be distributed to Hong Kong retail clients. The “professional investor only” requirement is under review.

ESG / Sustainability

Hong Kong Invites Firms to Provide Training in Green Finance

By Editors | 01/11/2022

Providers of green and sustainable finance-related training are invited to register their programmes for a capacity building support scheme launching later this year.

ESG / Sustainability

SFDR Level 2 – Implications for SFC Authorised UCITS Funds

By Alwyn Li | 31/10/2022

Alwyn Li and Vincci Ip discuss pre-contractual disclosure requirements for SFDR Article 8 and Article 9 funds and the relevant regulatory requirements in Hong Kong.

Fintech / Regtech

Hong Kong FSTB Issues Policy Statement on Approach to Virtual Assets

By Manesh Samtani | 31/10/2022

The SFC will be consulting on how retail investors may be given a “suitable degree of access” to virtual assets under Hong Kong’s new licensing regime.

Enforcement

SFC Disciplines Takeovers Code Breach with ‘Public Criticism’

By Editors | 30/10/2022

Gold Dragon Worldwide Asset Management failed to disclose trades in a stock during an offer period despite it controlling more than 5 percent of the stock.

AML / KYC

Hong Kong CR to Shield Some Director Info from Public View

By Editors | 30/10/2022

Residential addresses and full ID numbers will be replaced with correspondence addresses and partial ID numbers. FIs can still apply for access to the full data.

ESG / Sustainability

HKEX Launches Carbon Market to Support Net Zero Transition

By Sanday Chongo Kabange | 30/10/2022

The new platform will allow participants to source, hold, trade, settle and retire voluntary carbon credits from internationally-certified carbon projects.

Hong Kong to Tighten Lending Rate Caps from 30 December

By Editors | 29/10/2022

Banks should start notifying customers of the new interest rate limits as soon as practicable and not later than 14 November.

Market Infrastructure

HKEX Suspends VCM on HSI Futures Due to Software Issue

By Editors | 28/10/2022

An external vendor is preparing a software update to fix an issue that caused the VCM to be inadvertently triggered on Tuesday.