Hong Kong

Fintech / Regtech

HKMA Issues Regtech Guide for Sales and Suitability Practices

By Manesh Samtani | 28/10/2022

The guide describes a solution to automating product due diligence and a governance tool for improving oversight of the sales advisory process.

HKMA Confirms Health Arrangements for Upcoming Financial Forum

By Editors | 28/10/2022

Hong Kong Financial Secretary Paul Chan, who is due to deliver a keynote speech at the event, has tested positive for Covid-19 while in Saudi Arabia.

AML / KYC

NLP for Regulatory Compliance: A Question of When, Not If

By Irene Liu | 27/10/2022

Accenture’s Irene Liu and team discuss the use of NLP technology within compliance functions, as well as the adoption challenges and how to address them.

AML / KYC

Hong Kong Customs Arrests Two for Laundering HK$3.5bn

By Editors | 27/10/2022

The money was laundered by reselling precious metals. The case is the largest-ever money laundering case for Hong Kong Customs.

Enforcement

HKEX Issues New Guidance Note, Revises Sanctions Statement

By Sanday Chongo Kabange | 27/10/2022

Parties are expected to cooperate with HKEX during its investigations and disciplinary actions, the new Guidance Note on Cooperation says.

Crypto / Digital Assets

BIS Innovation Hub Releases mBridge Report, Sets Out Next Steps

By Editors | 27/10/2022

The mBridge project team will continue working to get to a minimum viable product that can be used by early adopters next year.

ESG / Sustainability

Hong Kong Mortgage Corp Issues Inaugural Social Bonds

By Editors | 26/10/2022

The net proceeds will mainly be used to finance or refinance loans issued under Hong Kong’s 100% loan guarantee scheme for SMEs.

Securities / Derivatives

Shenzhen, Hainan to Issue New RMB Bonds in Hong Kong

By Editors | 26/10/2022

Hong Kong Financial Secretary Paul Chan said the issuances will increase the breadth and depth of the city’s RMB debt market.

ESG / Sustainability

BIS Innovation Hub, HKMA Tackle Green Bond Transparency

By Editors | 25/10/2022

Project Genesis 2.0 prototypes provided investors real-time transparency on the environmental impact of the use of proceeds from green bonds.