Hong Kong

    Fintech / Regtech

    HKMA Sets Out ‘Four Actions’ to Realise Regtech 2025 Vision

    By Manesh Samtani | 01/07/2021

    At the HKMA’s flagship regtech conference, Eddie Yue outlined the initiatives underway to promote regtech adoption, including to explore a corporate version of iAM Smart.

    ESG / Sustainability

    SFC Refreshes Disclosure Guidance for ESG Funds

    By Ranamita Chakraborty | 30/06/2021

    From January, ESG funds will have to disclose how they attain their ESG focus, referencing the ESG criteria, measurement methodologies, and benchmarks used.

    Crypto / Digital Assets

    HKEX Names Firms Piloting New Stock Connect Settlement Platform

    By Sanday Chongo Kabange | 28/06/2021

    BNP Paribas, Citibank, CSOP Asset Management, Invesco, Northern Trust, State Street, Standard Chartered, BNY Mellon and HSBC will join the HKEX Synapse pilot.

    Big Picture

    New Report Explores Impact of AT/HFT on Hong Kong Equities

    By Manesh Samtani | 28/06/2021

    Algorithmic trading and high-frequency trading were generally not found to have a deteriorating impact on market liquidity or increase market volatility.

    ESG / Sustainability

    HK to Accelerate Plans for Mandatory Climate Disclosures – Report

    By Sanday Chongo Kabange | 28/06/2021

    The HKMA’s Darryl Chan reportedly said mandatory climate disclosure requirements could arrive in Hong Kong as early as next year.

    Capital / Liquidity

    Hong Kong: ‘Stay Rules’ to Come into Operation on 27 August

    By Manesh Samtani | 27/06/2021

    Banks have to adopt provisions in financial contracts binding counterparties to temporary stays on termination rights that may be imposed by the HKMA during a bank resolution.

    Enforcement

    SFC Probes CLSA Over CEFC Energy Bond Deal

    By Sanday Chongo Kabange | 25/06/2021

    A former CLSA managing director has accused CLSA of “blatant” misbehaviour as bond underwriter for the now-defunct CEFC Energy.

    HKMA, SFC Finalise Latest Changes to FSP List

    By Editors | 25/06/2021

    A unit of Toronto-Dominion Bank will be included on the FSP list. An entity that has merged with Deutsche Bank will be removed.

    Enforcement

    SFC Fines Deutsche Securities Asia Over Prime Brokerage Statements

    By Editors | 25/06/2021

    A system design caused a failure to distinguish between ex-entitlement dates and settlement dates of bonus share events in periodic statements.

    Market Infrastructure

    HKMA Notifies Banks of Enhanced Competency Framework

    By Editors | 22/06/2021

    Banks are asked to review and assess the impact of the SFC’s revised framework and take action to ensure compliance.

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