Hong Kong

    Crypto / Digital Assets

    Hong Kong Virtual Assets Regime Under Review: SFC

    By Sanday Chongo Kabange | 03/11/2021

    The SFC is considering whether licensed firms should be allowed to provide crypto trading services to clients through omnibus account arrangements, and whether to allow crypto ETFs.

    Big Picture

    Regtech Can Boost Development of Green Finance Markets – Report

    By Editors | 03/11/2021

    Regulatory challenges are hindering widespread acceptance of green finance products, says a new paper from FTAHK and LITE Lab@HKU.

    Hong Kong Ends Quarantine Exemptions for Senior Finance Execs

    By Editors | 03/11/2021

    Listed company directors and senior financial industry executives will no longer be able to skip hotel quarantine procedures upon entry into Hong Kong.

    Securities / Derivatives

    Hong Kong FSDC Declares Support for Proposed SPAC Regime

    By Manesh Samtani | 03/11/2021

    The FSDC says requiring SPAC shares and warrants to be distributed to at least 75 professional investors could present an “unnecessarily high threshold”.

    Enforcement

    SFC Fines Fulbright Securities Over Internal Control Failures

    By Editors | 02/11/2021

    Fulbright Securities breached regulatory requirements when processing placement subscription applications for a Hong Kong-listed company in August 2018.

    Securities / Derivatives

    FTSE Russell Adds Chinese Govt Bonds to Key Bond Index

    By Manesh Samtani | 02/11/2021

    FTSE Russell is considering changes to its index which underpins SGX’s China futures contract, reportedly in response to the launch of an MSCI-based contract at HKEX.

    Hong Kong Makes Fixed-Rate Mortgage Scheme Permanent

    By Sanday Chongo Kabange | 01/11/2021

    The scheme was announced as a pilot in the 2020-2021 budget and extended last November. Fixed-rate mortgage loans totalling around HKD 400 million have so far been approved.

    Enforcement

    HK ICAC Charges Property Agent With Mortgage Loan Fraud

    By Ranamita Chakraborty | 01/11/2021

    The property agent Chiu Ka-wai applied for a mortgage loan with HSBC and falsely represented that the property was for self-occupancy.

    Securities / Derivatives

    Hong Kong Introduces Fund Re-domiciliation Mechanisms

    By Manesh Samtani | 01/11/2021

    New mechanisms have been established to enable investment funds set up overseas to re-domicile to Hong Kong as OFCs or LPFs.

    Fintech / Regtech

    HKIMR Offers Suggestions to Narrow AI/BD Talent Gap

    By Editors | 31/10/2021

    An estimated 2,000 professionals with both finance and AI/big data skills are needed to meet the talent gap in Hong Kong’s financial industry.

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