Hong Kong

ESG / Sustainability

HKMA Offers Guidance on Regtech for Reporting, Stress Testing

By Manesh Samtani | 28/11/2021

The latest regtech adoption guide highlights challenges banks face as a result of their use of legacy systems and siloed data structures.

Enforcement

HK ICAC Charges Four for Concealing Backdoor Listing

By Editors | 28/11/2021

A retired lawmaker and his son concealed an agreement with a third party who agreed to pay them about HK$210mn for control of a listed stock.

Enforcement

Hong Kong FRC to Increase Public Disclosures on Investigations

By Editors | 28/11/2021

The Financial Reporting Council will increasingly disclose its investigations when cases involve high public interest.

GBA Wealth Connect Pilot Records ¥200m in Transactions

By Sanday Chongo Kabange | 24/11/2021

Net investment via Wealth Connect has exceeded CNY 200 million so far, with participation from around 11,500 retail investors.

HKMA Publishes Interim Report on Front Office Incentives Review

By Manesh Samtani | 24/11/2021

Frontline staff with more positive perceptions of customer and conduct outcomes had incentives that emphasised both financial and non-financial factors.

Securities / Derivatives

Hong Kong Issues First Euro Denominated Green Bonds

By Sanday Chongo Kabange | 22/11/2021

A 20-year tranche issued under the Green Bond Programme is the longest tenor euro-denominated bond issued by an Asian government to date.

HKMA Restricts Data Sharing for Direct Marketing Purposes

By Manesh Samtani | 22/11/2021

Banks may not share customers’ personal data with third parties including their own group companies for direct marketing purposes.

AML / KYC

The Rising Standards of AML/CFT Compliance in Hong Kong

By Susanne Harris | 22/11/2021

Mayer Brown’s Susanne Harris, Wei Na Sim, Alan Linning and Charlene Wong discuss key developments in the AML/CFT space in Hong Kong in 2021.

HKMA Concludes First Phase of Front Office Incentives Review

By Manesh Samtani | 22/11/2021

Preliminary observations from the review show that banks are increasingly considering both financial and non-financial factors when designing incentive systems.