Hong Kong

Market Infrastructure

Southbound Bond Connect to Launch on 24 September

By Editors | 15/09/2021

Southbound trading under Bond Connect will have an initial daily quota of CNY 20 billion and an annual quota of CNY 500 billion.

Market Infrastructure

APLMA, TMA Issue Guidance on SOFR Adoption in Loan Markets

By Manesh Samtani | 15/09/2021

The HKMA said it supports the publication of the new information note, which sets out options to replace USD LIBOR with SOFR in loan contracts.

Market Infrastructure

China to Develop Qianhai, Hengqin into GBA ‘Cooperative Zones’

By Editors | 14/09/2021

Qianhai in Shenzhen will be used to strengthen cooperation with Hong Kong while Hengqin in Zhuhai will serve to strengthen cooperation with Macao.

Securities / Derivatives

Hong Kong SPAC Framework to Prohibit Retail Access – Report

By Editors | 12/09/2021

Hong Kong’s SPAC framework will reportedly be issued for public consultation this month, proposing that only professional investors be allowed to participate.

Uncategorised

HKEX to Launch New Mobile Market Data Service

By Editors | 11/09/2021

Users will have access to Level 1 live streaming Hong Kong securities market data from their mobile devices.

Market Infrastructure

Cross-boundary Wealth Management Connect Launched

By Manesh Samtani | 10/09/2021

The PBOC, HKMA and AMCM have published the implementation details to support the launch of the Cross-boundary Wealth Management Connect Pilot Scheme.

Market Infrastructure

GBA Wealth Management Connect Set for Launch

By Editors | 10/09/2021

The southbound leg of Bond Connect will also be launching shortly. A press release will be held this afternoon to announce implementation details.

Enforcement

Hong Kong ICAC Charges Ex-HSBC Banker for Accepting Bribes

By Editors | 09/09/2021

The bribes were paid as an inducement to or reward for the ex-banker to conceal the identity of the ultimate controller of two SMEs that obtained loans from HSBC.

Market Infrastructure

HKMA Urges Continued Momentum in Bank Culture Efforts

By Manesh Samtani | 09/09/2021

Culture is the “invisible glue” that holds a bank together and assumes an even more critical role during the pandemic, says the HKMA’s Arthur Yuen.