Hong Kong

Securities / Derivatives

HKEX, SZSE Expand Capital Markets Cooperation Agreement

By Editors | 12/01/2022

HKEX and SZSE will conduct joint forums and workshops, and take part in reciprocal short-term training and secondment programmes for their employees.

HK Banks Extend Repayment Deferment for Trade Facilities

By Editors | 12/01/2022

The HKMA cited uncertainties caused by the spread of Covid-19 and global supply chain disruptions that are continuing to pressure corporates.

Market Infrastructure

HKEX to Launch Derivatives Holiday Trading by Easter

By Manesh Samtani | 07/01/2022

All MSCI futures and options will be included as the first batch of Holiday Trading Products. A market readiness test will be held in late February 2022.

Capital / Liquidity

HKMA Unveils Results of Climate Risk Stress Tests

By Manesh Samtani | 03/01/2022

The HKMA has also finalised its guidance on climate risk management, giving banks until end-2022 to implement the new measures.

HK Regulators to Assess Sales Practices of Tax-deductible Products

By Mark Johnston | 03/01/2022

A mystery shopping programme is being launched by the HKMA, MPFA and IA to assess the extent to which statutory and regulatory objectives are being met by intermediaries.

AML / KYC

SFC Fines Grand International Futures for AML Breaches

By Editors | 02/01/2022

Grand International Futures did not conduct due diligence on customer supplied systems, resulting in thier use to create subaccounts and solicit investment from Mainland investors.

HKMA Endorses Proposal to Better Protect Mortgage Borrowers

By Editors | 31/12/2021

The proposal will make use of electronic payments directly from bank to bank, rather than routing payments for large property transactions through law firms.

HKMA Issues Guidance on Compliance with ‘Stay Rules’

By Editors | 30/12/2021

The HKMA may issue directions to banks or their holding companies if it believes non-compliance with the Stay Rules (including by a related company) may impede orderly resolution.

Capital / Liquidity

HKMA Removes Bank of East Asia from D-SIBs List

By Editors | 28/12/2021

The Bank of East Asia was no longer identified as a D-SIB in the assessment considering its systemic importance relative to other institutions, the HKMA said.