Hong Kong

WTO Rules Against US in Hong Kong Labelling Dispute

By Editors | 23/12/2022

A WTO panel found that the US violated an obligation towards Hong Kong by giving it less favourable treatment than other WTO members.

Fintech / Regtech

SFC Calls Out Brokers for Slow Implementation of its Data Standards

By Manesh Samtani | 23/12/2022

Brokers are directed to assign one or more MICs to oversee the implementation of the Data Standards, which was meant to be completed in April 2021.

Big Picture

HKIMR Report Explores Challenges of Climate Risk Measurement

By Sanday Chongo Kabange | 22/12/2022

The report introduces a data management framework and a model risk management framework to help FIs manage climate-related data and model risks.

Crypto / Digital Assets

HKMA Intends to Implement BCBS Cryptoasset Standards

By Editors | 22/12/2022

The HKMA plans to implement the Basel standards on the treatment of cryptoasset exposures locally by 1 January 2025, in accordance with the BCBS timetable.

Fintech / Regtech

HKMA Issues Guidance on Using Digital Platforms to Offer Credit

By Manesh Samtani | 21/12/2022

With the growing popularity of digital platforms to apply for credit products, banks are “reminded to ensure proper protection of their customers”, the HKMA said.

Enforcement

SFC Fines Guosen for Regulatory Breaches Caused by Bugs

By Editors | 21/12/2022

Guosen Securities used expired standing authority of clients because its new operating system failed to send renewal notices to clients.

ESG / Sustainability

CDP to Help Enhance Sustainability Reporting in Hong Kong

By Editors | 21/12/2022

A new Climate and Environmental Risk Questionnaire has been developed to help SMEs with sustainability reporting.

Securities / Derivatives

HKEX Opens New York Office to Support International Clients

By Editors | 21/12/2022

HKEX says the New York office will make it easier to connect with investors, market participants and their intermediaries during their own working day.

Market Infrastructure

Shenzhen Exchange to Pilot Cross-Border Bonds to Serve GBA

By Editors | 20/12/2022

Issuers can be Chinese government entities or high-quality corporates. The SZSE is temporarily not charging any fees for cross-border bond listing services.