Hong Kong

Market Infrastructure

Greater Bay Wealth Connect Launch Imminent

By Manesh Samtani | 07/09/2021

An announcement may come as early as Friday, ahead of a formal launch on the first Monday after China’s Golden Week holiday.

Securities / Derivatives

HKEX to Roll-out New Workflow for Derivatives Position Adjustments

By Editors | 07/09/2021

The enhancement will allow clearing participants to submit position adjustments requests directly at DCASS Online, replacing the existing paper-based workflow.

Securities / Derivatives

Deutsche Bank Reinstated as IPO Sponsor in Hong Kong

By Editors | 03/09/2021

The SFC has approved three new Deutsche Bank hires who can act as IPO sponsor principals, after its licence was suspended in July due to a staffing gap.

Securities / Derivatives

HKEX Identifies Compliance Deficiencies by Exchange Participants

By Sanday Chongo Kabange | 03/09/2021

In a new bulletin, HKEX offers guidance on compliance with LOP reporting, client margin and block trade order execution requirements.

Securities / Derivatives

HKEX, HKSTP to Collaborate on Biotech, Fintech Initiatives

By Manesh Samtani | 02/09/2021

HKEX will leverage expertise from Hong Kong Science and Technology Parks Corp to help it review biotech listing applications.

Securities / Derivatives

HKMA, SFC to Develop Concentration Risk Alerting System – Report

By Editors | 01/09/2021

The new system is intended to detect excessive risk-taking by banks and investment funds to guard against an Archegos style collapse.

AML / KYC

SFC Suspends Former Emperor Representative for 2 Years

By Manesh Samtani | 01/09/2021

The broker transferred client money through bank accounts he owned to help two clients transfer money to/from the Mainland, among other violations.

AML / KYC

HK Customs Arrests Five for Laundering HK$170m

By Ranamita Chakraborty | 30/08/2021

Hong Kong Customs for the first time detected a syndicate using cross-boundary vehicle drivers to assisting in money laundering activities.

ESG / Sustainability

HKEX Signs Collaboration MoU with Guangzhou Futures Exchange

By Ranamita Chakraborty | 30/08/2021

HKEX and GFEX will work together to develop China’s derivatives markets, explore a green and low-carbon market, and promote sustainability.