Hong Kong

Fintech / Regtech

Huobi Seeks to Launch Retail Crypto ETF in HK

By Manesh Samtani | 30/03/2022

Huobi Tech has structured the ETF so that it won’t be restricted to just professional investors, possibly through the use of crypto futures listed on overseas exchanges.

Sanctions

New Manager Announced for Hong Kong Tracker Fund

By Manesh Samtani | 29/03/2022

Hang Seng Investment Management will become TraHK’s new manager in Q3 2022, replacing State Street, which has managed the ETF for 22 years.

Enforcement

SFC Bans BNP Representative for Unauthorised Discretionary Trading

By Editors | 29/03/2022

The relationship manager asked clients to pre-sign blank instruction forms so he could place trades for their accounts without having to inform them in advance.

Fintech / Regtech

HKMA Issues Additional Guidance for SVF Licensees

By Editors | 28/03/2022

New practice note offers guidance on governance, outsourcing, internal controls, technology risk, and business conduct, among other areas.

Securities / Derivatives

HKEX to Provide Investor Relations Platform to Listed Companies

By Editors | 26/03/2022

The new portal will launch in Q3, offering listed issuers a way to develop and manage their investor relations activities.

AML / KYC

SFC Sets Out Expectations on Managing BEC Risk

By Manesh Samtani | 24/03/2022

Most successful business email compromise frauds occurred because LCs did not check or verify the identities of email senders or they ignored red flags.

ESG / Sustainability

HKEX, CEEX to Cooperate on GBA Carbon Market Initiatives

By Editors | 24/03/2022

HKEX and Guangzhou-based China Emissions Exchange will jointly explore the development of a voluntary carbon emission reduction programme in the GBA.

ESG / Sustainability

HKEX Lists Hong Kong’s First Carbon Futures ETF

By Editors | 23/03/2022

The ETF, managed by CICC’s Hong Kong asset management unit, tracks the performance of a long-only basket of European Union Allowance futures contracts.

Enforcement

HK Police Arrest 38 Individuals for Covid Loan Fraud

By Editors | 23/03/2022

The individuals set up 53 shell companies and submitted false documents to banks to obtain loans under the government support scheme for Covid hit businesses.