Hong Kong

HMKA, IA Issue Rules on Use of Premium Financing in Insurance

By Mark Johnston | 06/04/2022

The rules will promote better disclosures and facilitate informed decision-making by customers who intend to use premium financing for life policies.

Securities / Derivatives

HKEX Publishes Testing Guidelines for HKIDR Implementation

By Editors | 04/04/2022

HKEX has published testing guidelines for market participants and intermediaries ahead of the implementation of the new investor identification regime.

Market Infrastructure

HKMA Issues Guidance on Customer Data Protection

By Editors | 04/04/2022

The guidance highlights the need for banks to put in place effective data governance frameworks and control measures to protect their customer data.

Market Infrastructure

HKMA, SFC to Add Calculation Periods to Clearing Rules

By Editors | 03/04/2022

The HKMA and SFC also proposed to add Nomura Financial Products Europe GmbH to the FSP List under the OTC derivatives clearing regime.

Securities / Derivatives

SFC Sets Out Expectations on Complaints Handling Processes

By Editors | 01/04/2022

LCs should set a 7-day timeline for acknowledging receipt of complaints and a 2-month timeline for providing a final response to the complainant.

Hong Kong Enhances, Extends SME Financing Guarantee Scheme

By Editors | 31/03/2022

The maximum loan amount per enterprise under the Special 100% Loan Guarantee will be raised and the maximum repayment period will be extended.

Securities / Derivatives

HKEX Enhances Third Party Clearing Arrangement for HKFE Contracts

By Editors | 31/03/2022

As of Monday, non-clearing participants can appoint more than one general clearing participant to clear and settle HKFE contracts.

ESG / Sustainability

Hong Kong to Develop VCM, Unify GBA Carbon Market

By Manesh Samtani | 31/03/2022

Hong Kong’s VCM will target local, Mainland and overseas buyers of carbon credits. Authorities will also work to establish a unified carbon market for the GBA.

Securities / Derivatives

HKMA Updates Trade Reporting Specifications for OTC Derivatives

By Editors | 30/03/2022

A revised Administration and Interface Development Guide will take effect from 19 December 2022, taking into account pandemic-related operational challenges.