HONG KONG

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    Securities / Derivatives

    SFC Adjusts Eligibility Criteria for OFC and REIT Grant Scheme

    By Sanday Chongo Kabange | 03/04/2025

    The scheme will still cover 70 percent of eligible expenses paid to Hong Kong-based service providers to set up OFCs and REITs, but the caps are lower.

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    Sanctions

    US Sanctions China, Hong Kong Officials Over NSL Implementation

    By Manesh Samtani | 02/04/2025

    Six officials were sanctioned for engaging in “actions or policies that threaten to further erode the autonomy of Hong Kong”.

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    AFRC Sets Out Strategic Priorities for 2025-2027

    By Sanday Chongo Kabange | 02/04/2025

    AFRC’s three-year strategic plan considers rapid advancements in technology, especially relating to AI, and an increasing focus on sustainability.

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    AML / KYC

    HKMA Seeking “System Reset” to Enhance Response to Financial Crime

    By Manesh Samtani | 02/04/2025

    HKMA to work with banks on AI adoption action plans, develop a payment data analytics solution, and support greater information sharing.

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    Fintech / Regtech

    Hong Kong PCPD Issues Guidance on Employee Use of GenAI

    By Sanday Chongo Kabange | 02/04/2025

    The guidance is intended to help organisations in developing internal policies on the use of GenAI by employees to execute their responsibilities.

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    AML / KYC

    Hong Kong Gazettes Bill to Facilitate Financial Crime Info-Sharing

    By Sanday Chongo Kabange | 01/04/2025

    The bill proposes to introduce a voluntary mechanism for AIs to share information through secure HKMA-designated platforms.

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    Fintech / Regtech

    SFC Launches New AI Market Scanning Detection Model

    By Sanday Chongo Kabange | 01/04/2025

    The SFC is using AI-empowered analytics to identify red flags in listed companies early, so that issues can be addressed before they escalate.

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    HKMA Launches New Banking Regulatory Document Repository

    By Sanday Chongo Kabange | 01/04/2025

    The new portals are designed to facilitate the dissemination of regulatory documents to the public and to AIs.

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    AML / KYC

    HKMA Ask Banks to Heed SFC Guidance on IPO Financing

    By Sanday Chongo Kabange | 31/03/2025

    Banks are directed to comply with new SFC guidance on IPO financing, particularly the investor identification requirement under FINI.

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    Securities / Derivatives

    SFC Consults on Proposals to Streamline Regulatory Processes

    By Sanday Chongo Kabange | 31/03/2025

    For post-IPO matters, the SFC proposes a less disruptive alternative to suspension. For trading suspensions, applications for resumption will be processed more quickly

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