Hong Kong

Market Infrastructure

HKEX Launches VaR Platform for Clearing Participants

By Editors | 13/06/2022

The new platform introduces margin requirements based on individual stock volatility, instead of a flat margin rate across all securities.

Enforcement

SFC Proposes SFO Revisions to Improve Enforcement Tools

By Sanday Chongo Kabange | 13/06/2022

The amendments relate to SFO provisions on remedial orders, insider dealing, and advertising of investment products.

HKMA Invites Global Banks to November Summit in Hong Kong

By Editors | 10/06/2022

The two-day summit is reportedly aimed at reversing an exodus of financial talent from Hong Kong after more than two years of Covid-19 measures.

Market Infrastructure

HKEX Issues Final Guidance Ahead of VaR Platform Launch

By Editors | 09/06/2022

The information package will help clearing participants make final preparations for the launch of the new new risk engine on 13 June.

Capital / Liquidity

CCyB Policy Was Effective in Mitigating Pandemic Shock: HKMA

By Sanday Chongo Kabange | 08/06/2022

The HKMA finds that the CCyB release was effective in supporting bank lending, thus achieving its policy objective as a countercyclical tool.

ESG / Sustainability

Five Banks Join HKMA-IFC Green Banking Initiative

By Editors | 08/06/2022

BOCHK, Citi, Crédit Agricole CIB, HSBC and StanChart will work closely with IFC and HKMA to advocate client adaptation and promote green finance.

Crypto / Digital Assets

Hong Kong SFC Issues Warning on NFT-related Risks

By Editors | 06/06/2022

Some NFTs have ‘crossed the boundary’ between a collectible and a financial asset, which would bring them under the SFC’s remit and require licensing.

HSBC, Hang Seng Suffer Internet Banking, ATM Disruption

By Editors | 06/06/2022

Finance sector legislator Chan Chun-ying said he expects the HKMA to demand detailed reports on the incident from the two banks.

Fintech / Regtech

HKMA to Consult on BNPL Protections in ‘Coming Months’

By Sanday Chongo Kabange | 04/06/2022

Hong Kong official Christopher Hui says regulations for banks and money lenders on providing unsecured credit already cover BNPL services.