Hong Kong

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.

Enforcement

HK Police Arrest Two in Corporate Fraud Case

By Editors | 30/08/2021

The arrests were made following a joint operation with the SFC against a listed company and its former senior executives suspected of corporate fraud involving HK$450mn.

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.