Hong Kong

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.

Crypto / Digital Assets

HKEX Sets Out Vision to Build ‘Marketplace of the Future’

By Sanday Chongo Kabange | 30/03/2022

HKEX will introduce a new platform for ESG-related products, ETF connect schemes with the mainland, more yuan products, and more listing reforms.

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.