HONG KONG

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    Enforcement

    SFC Penalises Brokerage and MiC for Poor Margin Financing Controls

    By Sanday Chongo Kabange | 25/03/2025

    The SFC fined Enlighten Securities HKD 5 million and suspended its manager-in-charge for seven months.

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    Market Infrastructure

    HKMA Relaxes Wealth Connect Limit for Overseas Incorporated Banks

    By Sanday Chongo Kabange | 25/03/2025

    HKMA has raised the customer limit for non-locally incorporated AIs providing southbound WMC services to non-private banking Mainland customers.

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    AML / KYC

    HK Considers Allowing Banks to Freeze Scam-Linked Accounts

    By Sanday Chongo Kabange | 24/03/2025

    HKPF and HKMA are in talks with banks on a mechanism to freeze accounts linked to fraudulent activities.

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    Securities / Derivatives

    HKEX List Asia’s First Single Stock Leveraged & Inverse Products

    By Sanday Chongo Kabange | 24/03/2025

    The new products provide leveraged and inverse exposure to US-listed Berkshire, Coinbase, MicroStrategy, NVIDIA, and Tesla.

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    Enforcement

    SFC Suspends Former Securities Broker Over ‘Finfluencer’ Activities

    By Mark Johnston | 24/03/2025

    The former Tse’s Securities representative provided investment advice through a subscription-based chat group on Telegram he hosted without a licence.

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    Big Picture

    Hong Kong Trust Industry Facing Regulatory Challenges

    By Mark Johnston | 23/03/2025

    HKTA and KPMG published a report shedding light on the state of  Hong Kong’s trust industry, including mounting compliance costs and regulatory challenges.

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    Market Infrastructure

    Hong Kong SFC Issues Further IPO Subscription Guidance

    By Sanday Chongo Kabange | 21/03/2025

    The SFC has directed licensed corporations to stop engaging in “imprudent and aggressive” IPO financing practices.

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    Enforcement

    SFC Impose 14-Month Ban on Former Fund Manager

    By Sanday Chongo Kabange | 21/03/2025

    The SFC said the action is related to disciplinary actions against “other related entities” concerning the management of various private funds.

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    Market Infrastructure

    OTC Clear to Start Accepting CGBs as Collateral for All Derivatives

    By Sanday Chongo Kabange | 20/03/2025

    HKEX says the initiative will provide greater flexibility to international investors and improve their capital efficiency.

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    Fintech / Regtech

    HKMA Publishes Research on DLT Adoption in Financial Sector

    By Sanday Chongo Kabange | 20/03/2025

    The HKMA encourages AIs to review the research paper and leverage its insights to explore DLT-related innovations.

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