Hong Kong

Securities / Derivatives

HKEX Extends Listing Rules to Cover Share Award Schemes

By Editors | 01/08/2022

The rule amendments relating to share schemes will come into effect on 1 January 2023, however issuers may adopt the amended rules earlier.

Capital / Liquidity

SFC Fines Hedge Fund Manager for Liquid Capital Deficit

By Editors | 31/07/2022

KTF Capital Management had a HK$20mn deficit between 13 and 18 December 2018 but misrepresented to the SFC that it maintained sufficient liquid capital during the period.

Market Infrastructure

HKMA Directs Banks to Ensure Resiliency of Payment Operations

By Manesh Samtani | 31/07/2022

Payment-related operational incidents have impacted banks, their customers, as well as other financial institutions, including in the securities sector.

Securities / Derivatives

HKEX Finalises Revisions to Position Limits for SSO, SSF

By Editors | 29/07/2022

HKEX has confirmed plans to widen its position limit rules covering single stock options and futures and its flagship mini contracts.

Market Infrastructure

HKMA Gives Banks 18m to Enhance Operational Risk Management

By Manesh Samtani | 26/07/2022

Banks are expected to implement the revised SPM module on operational risk management by 25 January 2024.

Securities / Derivatives

SFC Fines Fourth Broker Over Use of ‘Xinguanjia’ Trading Software

By Manesh Samtani | 26/07/2022

The software enabled Mainland investors to trade in Hong Kong without having to open a local securities account. Rifa Futures was fined HKD 9 million for AML and other failures.

Capital / Liquidity

HKMA Finalises Guidance on Resolution Planning Expectations

By Editors | 26/07/2022

Resolution planning work will be prioritised for D-SIBs and other locally incorporated banks with total consolidated assets of more than HKD 150 billion.

Crypto / Digital Assets

Hong Kong as a Legal Centre of Excellence for Digital Finance

By Troy Song | 25/07/2022

Many crypto exchanges and institutions already choose Hong Kong as the place to resolve their disputes, but more need to be done, says Troy Song.

Market Infrastructure

HKMA Further Enhances RMB Liquidity Facility

By Editors | 25/07/2022

The enhancements will increase the size of the RMB Liquidity Facility, streamline its operation, and reduce the rates applicable to overnight repo.