Hong Kong

    HKMA Launches New Initiative to Address Banking Talent Gap

    By Editors | 29/04/2022

    The initiative is aimed at growing the banking sector talent pool in three areas, namely fintech, green and sustainable finance, and GBA business.

    Securities / Derivatives

    HKEX to Add Contract Months for HSI, HSCEI Futures

    By Editors | 28/04/2022

    From 13 June, the additional contract months will provide more hedging flexibility for market participants, HKEX said.

    Fintech / Regtech

    HKMA Consults on CBDC Policy and Design Choices

    By Sanday Chongo Kabange | 28/04/2022

    The paper says e-HKD could bring could present challenges to Hong Kong’s currency and financial stability, as well as the city’s role as an international financial centre.

    Enforcement

    Hong Kong: ICAC Charges Three Over Mortgage Fraud

    By Editors | 27/04/2022

    A property buyer and two estate agents understated the purchase price so the mortgage would be subject to a lower LTV cap.

    AML / KYC

    FIs Must Continue to Innovate Approach to AML: HKMA

    By Manesh Samtani | 27/04/2022

    Executive director Carmen Chu says work is underway to update HKMA’s guidance on name screening, transaction monitoring and suspicious transaction reporting.

    HKIFA Calls for Clear ‘Exit Strategy’ from Covid Restrictions

    By Editors | 27/04/2022

    The HKIFA says many fund managers have or are planning to relocate, largely to Singapore, due to Hong Kong’s tough Covid-related restrictions.

    Market Infrastructure

    HKEX, SFC to Open HKIDR Testing to Market on 16 May

    By Sanday Chongo Kabange | 27/04/2022

    Regulated intermediaries are asked to get ready for the testing, which is mandatory. The HKIDR is expected to be implemented in the later part of Q4 2022.

    Fintech / Regtech

    HKMA Launches Knowledge Hub to Promote RegTech Adoption

    By Editors | 26/04/2022

    The Hub’s launch is accompanied by videos featuring regtech solutions from HSBC, Citibank, iFinHealth, Ping An OneConnect Bank and ASTRI.

    Capital / Liquidity

    HK to Implement Capital Standard for Banks’ Fund Exposures

    By Editors | 26/04/2022

    The capital standard for banks’ equity investments in funds is expected to come into operation in Hong Kong on 1 July 2022.

    Securities / Derivatives

    SFC Proposes Amendments to Position Limit Regime

    By Editors | 26/04/2022

    The proposals will expand the list of futures and options contracts for which the SFC may prescribe position limits.

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