Hong Kong

    Securities / Derivatives

    Big Four Auditor Facing HK Lawsuit Over Chinese Audit

    By Editors | 07/09/2022

    The liquidator of a now-collapsed Chinese biotech firm said the auditor could have easily exposed fraud by asking obvious questions.

    ESG / Sustainability

    Hong Kong Plans Measures to Lure ESG, Fintech Talent

    By Editors | 06/09/2022

    The government will also dedicate resources towards providing training aimed at developing local ESG talent. Applications for a fintech subsidy scheme will open on 10 September.

    Securities / Derivatives

    SFC Suspends Rifa Futures Exec Over ‘Xinguanjia’ Trading Software

    By Editors | 06/09/2022

    In July, Rifa Futures became the fourth firm to be fined over the use of Xinguanjia. The firm’s managing director has now been suspended for 8 months.

    Market Infrastructure

    CSRC to Accelerate Work on Overseas Listing Framework

    By Darien Choong | 05/09/2022

    The CSRC will push forward legislation to enact new overseas listing rules, and support the establishment of a new registration system for Chinese firms seeking foreign IPOs.

    Market Infrastructure

    CSRC Unveils Plans to Further Expand Stock Connect

    By Manesh Samtani | 05/09/2022

    More companies will be added to Stock Connect and Hong Kong will introduce treasury bond futures and a special counter for yuan stocks.

    Hong Kong Targets Removal of Hotel Quarantine Requirement

    By Editors | 05/09/2022

    Chief Executive John Lee is leaning towards scrapping hotel quarantine before a November summit of global bankers and the Hong Kong Rugby Sevens tournament.

    HKMA Introduces New Rules for Banks Offering BNPL Products

    By Manesh Samtani | 05/09/2022

    Banks that engage or partner with third-party service providers when launching BNPL products will be held accountable for the actions of those providers.

    Market Infrastructure

    Shenzhen, Hong Kong to Establish Qianhai FTZ as VC Hub

    By Editors | 04/09/2022

    VC firms, sovereign wealth funds, and PE funds that set up in the Qianhai free-trade zone will be given cash grants, rental subsidies, and other rewards.

    Securities / Derivatives

    New Guidance Issued on HKMA Funds Certification

    By Editors | 02/09/2022

    The guidance is intended to help funds and their auditors prepare the necessary reports needed to obtain carried interest tax concessions.

    Fintech / Regtech

    SFC Finds Deficiencies in Investment Services Offered Online

    By Sanday Chongo Kabange | 02/09/2022

    The SFC is calling on licenced corporations to address regulatory deficiencies identified in some investment services offered online.

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