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Market Infrastructure
HKEX to Launch Derivatives Holiday Trading on 9 May
By Editors | 11/03/2022
The first suite of products to be added to Derivatives Holiday Trading will be all MSCI futures and options contracts.
Hong Kong FRC Consults on New Regulatory Powers
By Sanday Chongo Kabange | 10/03/2022
The FRC will extend the scope of its oversight to all practicing auditors and accountants, instead of just those servicing listed companies.
Market Infrastructure
PBOC Outlines Progress to Advance GBA Connectivity
By Darien Choong | 10/03/2022
About 20,000 investors from the GBA cities participated in the Wealth Management Connect programme by the end of 2021.
Big Picture
Hong Kong Balance of Risks Tilted to the Downside: IMF
By Sanday Chongo Kabange | 10/03/2022
The IMF says Hong Kong authorities should strengthen analysis of Mainland-related credit risks, and ensure internal models used by local banks are sufficiently forward-looking.
AML / KYC
US Lawmakers Ask HSBC to Justify HK Account Freezes
By Ranamita Chakraborty | 08/03/2022
A letter from a bipartisan group of US lawmakers asks HSBC to justify its actions to freeze the accounts of activists, independent media, and civic groups in Hong Kong.
HKMA Seeks to Reassure Bankers Over Covid Restrictions
By Editors | 07/03/2022
Concerns are mounting over closed schools and bars, banned flights, and a plan to launch a mass testing programme that may be coupled with a citywide lockdown.
Securities / Derivatives
SFC Directs Licensed Corporations to Plan for Contingencies
By Editors | 07/03/2022
The SFC expresses concern that some licensed firms may not have plans in place to deal with financial distress or the sudden unavailability of key staff.
Enforcement
SFC, HKEX Fine HSBC Securities for Regulatory Breaches
By Editors | 04/03/2022
The firm made errors when assigning BCANs to clients. It also oversold China securities due to deficiencies in its order management and algorithmic trading systems.
Securities / Derivatives
Eight SPACs Have Filed IPO Applications in Hong Kong
By Sanday Chongo Kabange | 02/03/2022
The first applicant, backed by CMB International, has been approved. The latest applicant is a SPAC majority owned by ex-HKMA chief Norman Chan.
Securities / Derivatives
SFC’s New Rules on Bookbuilding & Placing Activities: What to Know
By Alan Linning | 02/03/2022
Alan Linning and Susanne Harris explain the new requirements and offer guidance on next steps for intermediaries to prepare for compliance by August.
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