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HK to Introduce Licensing System for Agents Selling Foreign Property
By Editors | 08/11/2021
Under Hong Kong’s existing regime, estate agents who exclusively sell overseas properties are currently exempt from licensing requirements.
Market Infrastructure
Hong Kong to Issue First HONIA Floating Rate Notes
By Manesh Samtani | 08/11/2021
The issuance is aimed at encouraging the private sector to issue similar products and develop of other HONIA-linked instruments.
ESG / Sustainability
HKEX Issues Guidance on TCFD-aligned Climate Disclosures
By Editors | 08/11/2021
The guidance has been published to help listed companies prepare for TCFD-aligned climate change reporting, which will become mandatory in Hong Kong by 2025.
HK Steering Group Reaffirms Green Finance Hub Ambitions
By Editors | 07/11/2021
The Steering Group welcomed initiatives from the IFRS Foundation and IPSF, saying it will continue efforts to develop Hong Kong into a carbon trading hub.
AML / KYC
HKMA Launches AMLab Series to Experiment with Network Analytics
By Editors | 07/11/2021
Five banks will work with data experts to experiment with the use of data analytics and network diagrams in identifying suspected money mules.
HKMA Issues New Code of Practice for Banks’ Trust Business
By Sanday Chongo Kabange | 07/11/2021
Locally incorporated AIs should ensure their trust subsidiaries comply with the code of practice. Supervisory action may be taken for noncompliance.
Fintech / Regtech
Multi CBDC Bridge Project Moves to Test New Use Cases
By Sanday Chongo Kabange | 07/11/2021
The mBridge project team has collaborated with private sector participants to identify 15 potential business use cases that are now being tested.
ESG / Sustainability
IFC, HKMA Join Forces on New Climate Finance Initiative
By Editors | 04/11/2021
The programme will combine institutional investor contributions with IFC funds to scale up climate-responsible financing for private companies in emerging markets.
SFC Imposes Tougher Requirements for ILAS Products
By Manesh Samtani | 04/11/2021
ILAS products should be designed fairly and deliver fair outcomes. Issuers should lower surrender charges. Product features should not be unduly complex.
Fintech / Regtech
HKMA Unveils New Measures to Achieve Fintech Vision
By Sanday Chongo Kabange | 04/11/2021
Prototype platforms for green bond tokenisation developed. Commercial Data Interchange enters pilot launch. AML Regtech Lab set for Friday launch.
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