Hong Kong

    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.

    AML / KYC

    ICAC Charges Company Director for Fraud, Money Laundering

    By Sanday Chongo Kabange | 13/08/2021

    The director faces charges for defrauding BOCHK into making L/C payments to a supplier and then laundering the proceeds back to his own company.

    Securities / Derivatives

    HKEX to Launch of New Options on Futures Contracts

    By Editors | 12/08/2021

    Before offering OOF products to clients, participants should ensure system readiness and that end clients understand the settlement mechanism and risk involved.

    AML / KYC

    HKMA Issues “Mandate” for Innovation in AML/CFT

    By Manesh Samtani | 12/08/2021

    The HKMA will launch interactive lab sessions to experiment with new technologies and emerging data analytics techniques, with an initial focus on network analytics and NLP.

    AML / KYC

    SFC Finalises Investor ID, OTC Securities Reporting Regimes

    By Manesh Samtani | 11/08/2021

    The investor identification regime is expected to be launched in H2 2022. The securities transactions reporting regime will go live in H1 2023.

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