Hong Kong

Securities / Derivatives

SFC Offers Guidance on Managing Risk in Trading Activities

By Manesh Samtani | 04/04/2023

The guidance covers operational risk management, remote booking risk management, and data risk management, based on a thematic review.

ESG / Sustainability

Hong Kong Exchange Lists First Ever Catastrophe Bond

By Editors | 03/04/2023

The $350mn catastrophe bond offers protection against losses related to earthquake risks in Chile over the next three years.

Capital / Liquidity

HKEX to Increase Size of Futures Market Reserve Fund

By Manesh Samtani | 30/03/2023

HKFE Clearing Corporation has revised the default assumption used in calculating the Reserve Fund size.

AML / KYC

HKMA, SFC to Host Discussions Between Crypto Firms & Banks

By Editors | 30/03/2023

A roundtable will take place on 28 April at the HKMA to facilitate dialogue and experience sharing regarding opening and maintaining bank accounts.

Crypto / Digital Assets

Mainland Banks Offer Services to Hong Kong Crypto Firms

By Editors | 28/03/2023

Mainland Chinese banks have reportedly started offering banking services to crypto firms in Hong Kong, which is seeking to become a major digital assets hub.

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.