Hong Kong

AML / KYC

Adoption of Anti-Sanctions Law in Hong Kong Deferred – Reports

By Sanday Chongo Kabange | 25/08/2021

Hong Kong’s delegate to the NPC Standing Committee Tam Yiu-chung says the vote was delayed pending further study.

Market Infrastructure

BIS, HKMA to Build Digital Infrastructure for Green Investment

By Manesh Samtani | 25/08/2021

BIS Innovation Hub, HKMA and private sector firms will tokenise green bonds to facilitate investment in and improve the transparency of green projects.

Market Infrastructure

HKEX Offers Electronic Dissemination of Corporate Actions Data

By Sanday Chongo Kabange | 24/08/2021

Market participants will be able to receive information on corporate actions in the form of ISO messages via SWIFT from 27 September.

ESG / Sustainability

SFC Finalises Climate Risk Requirements for Fund Managers

By Manesh Samtani | 22/08/2021

Fund managers have 12-15 months to comply with the requirements, which cover governance, investment management, risk management and disclosure.

Market Infrastructure

HKEX Set to Launch A-share Index Futures in October

By Editors | 20/08/2021

The SFC approved HKEX’s launch of the new futures contract on Friday, calling it a major milestone for Hong Kong’s capital markets.

Market Infrastructure

HKMA Sets Conditions for Issuing New USD LIBOR Contracts

By Manesh Samtani | 20/08/2021

In the fourth quarter, the frequency at which banks have to report data to the HKMA will also increase from quarterly to monthly, with a simplified reporting template.

AML / KYC

Hong Kong Passes Bill to Curb Illegal Wildlife Trade

By Ranamita Chakraborty | 19/08/2021

The bill enables law enforcement to inspect the IWT-associated financial flows of individuals and companies and confiscate their proceeds of crime.

AML / KYC

HKEX Publishes Operational Details for New Investor ID Regime

By Manesh Samtani | 15/08/2021

Market system development and testing will start in Q3 2021 and intermediaries will have to develop their internal systems by the end of Q1 2022.

Market Infrastructure

Banks Already Pricing Transition Risks in Loans: HKMA

By Manesh Samtani | 15/08/2021

New research finds that APAC banks are charging ‘brown’ firms a higher lending rate than ‘non-brown’ firms, by around 23 basis points, since the Paris Agreement.