Hong Kong

    Market Infrastructure

    HKEX to Enhance Clearing Flexibility for Stock Trades – Report

    By Editors | 21/06/2022

    HKEX plans to allow market participants to appoint multiple clearing banks for stock trades, a move already made for futures traders.

    Securities / Derivatives

    Russian Exchange Starts Offering Trading in 12 Hong Kong Stocks

    By Editors | 21/06/2022

    HKEX is not involved in the initiative. The move is part of the Saint Petersburg Stock Exchange’s global issuer programme.

    Securities / Derivatives

    HKEX Targets Launch of Additional A-Share Products – Report

    By Editors | 21/06/2022

    HKEX will encourage investment banks to issue structured products such as derivative warrants based on the MSCI A50 index.

    Crypto / Digital Assets

    BIS Innovation Hub Announces New Set of Projects

    By Editors | 20/06/2022

    The first three Eurosystem Centre projects will focus on crypto markets, quantum-resistant cryptography for payments, and climate-related disclosures.

    Capital / Liquidity

    HKMA Seeks Bank Feedback on Lower Lending Rate Caps

    By Manesh Samtani | 20/06/2022

    Proposed amendments would lower the interest rate cap from 60 to 48 percent p.a., and the so-called ‘extortionate’ rate from 48 to 36 percent p.a.

    Market Infrastructure

    HKEX to Host Preparatory Workshops for New FINI Platform

    By Editors | 17/06/2022

    HKEX will explain the API development requirements for the new IPO settlement platform, set to launch in June 2023.

    Capital / Liquidity

    HK Clearinghouses Adjusts Capital Requirement for GCPs

    By Editors | 16/06/2022

    General clearing participants have to maintain liquid capital of HK$100mn for their first five non-clearing participants, and HK$20mn for each additional non-clearing participant.

    Big Picture

    HKIMR Explores Pandemic Lessons for Operational Resilience

    By Editors | 16/06/2022

    Effective implementation of business continuity plans was a key factor contributing to operational resilience, says new report.

    Market Infrastructure

    HKMA Chief Outlines Plans to Enhance CMU Services

    By Editors | 13/06/2022

    The Central Moneymarkets Unit will be further commercialised and upgraded in phases over three years. A new platform will be launched in 2025.

    Market Infrastructure

    HKEX Launches VaR Platform for Clearing Participants

    By Editors | 13/06/2022

    The new platform introduces margin requirements based on individual stock volatility, instead of a flat margin rate across all securities.

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