Hong Kong

Securities / Derivatives

CSRC Issues New Rules for Overseas IPOs by Mainland Firms

By Editors | 20/02/2023

The rules allow companies to choose an overseas listing destination for their IPOs, but require them to first register the intention with the CSRC, which will vet the applications.

Crypto / Digital Assets

SFC Consults on New Licensing Regime for Crypto Trading Platforms

By Manesh Samtani | 20/02/2023

The consultation sets out requirements under the new licensing regime, including safeguards for retail investors, travel rule requirements, and maximum penalties for misconduct.

AML / KYC

Hong Kong Re-rated on Two FATF Recommendations

By Manesh Samtani | 20/02/2023

Hong Kong was upgraded for extending AML/CFT supervision to most DNFBP sectors, but downgraded for virtual asset-related deficiencies.

Big Picture

Some APAC Regulators Not Fully Operationally Independent: IOSCO

By Editors | 17/02/2023

Government officials in Singapore, Japan, Hong Kong, Australia and India have some ability to direct or influence securities regulators’ day-to-day operations.

Crypto / Digital Assets

Hong Kong Issues First-of-its-kind Tokenised Green Bond

By Editors | 17/02/2023

Financial Secretary Paul Chan said the issuance demonstrates Hong Kong’s strengths in combining bond market, green and sustainable finance, and fintech.

AML / KYC

Banks Should Use CDI to Streamline KYC, Credit Processes: HKMA

By Editors | 16/02/2023

Banks with material SME business are expected to complete their technical connection to the CDI and CCRA@CDI before the end of this year.

Fintech / Regtech

HSBC Launches Multicurrency Payment Platform for E-Commerce

By Editors | 13/02/2023

The platform allows e-commerce businesses in Hong Kong to receive payments from overseas customers in six currencies within minutes.

AML / KYC

HKMA Updates Guidance on Transaction Monitoring, Screening, Reporting

By Manesh Samtani | 10/02/2023

A key objective of the update is to support greater use of technology to generate targeted alerts and more actionable intelligence, the HKMA said.

Securities / Derivatives

HKEX to Support Listings by Nanjing Tech Enterprises

By Editors | 09/02/2023

Nanjing, home to about 18,000 technology enterprises, has become a significant growth centre for new economy industries, HKEX said.