Hong Kong

Capital / Liquidity

HKMA Extends Relief for Trade Loan Customers Another 90 Days

By Editors | 01/02/2021

Trade loans granted 90-day extensions last year will start to fall due in February, but some trade customers are still facing cash flow pressure, the HKMA said.

Securities / Derivatives

Hong Kong Government Prices First Ever 30 Year Green Bond

By Editors | 28/01/2021

Hong Kong has priced the first ever 30-year green bond by an Asian government and the longest tenor bond in its history.

Enforcement

HKMA Suspends Banker Over Photocopied Client Signature

By Editors | 28/01/2021

The banker photocopied a client’s signature onto an instruction form and used it to apply for the issuance of a bank reference letter.

HK Regulators Ask Bankers to Explain Reasons for Departing City

By Editors | 27/01/2021

Executives who have relocated to Singapore or Tokyo have reportedly received phone calls from Hong Kong government agencies and regulators seeking explanations for the decisions.

Enforcement

Five HK Bankers Charged for Misusing Customer Data to Sell Loans

By Editors | 27/01/2021

Former DBS staffers accepted illegal commissions to obtain confidential customer data for use by sales staff in promoting personal loan business.

HKMC, MUFG Agree to Cooperate on Infrastructure Financing

By Editors | 26/01/2021

The MoU sets out terms for potential infrastructure loan sales by MUFG to the HKMC, as part of efforts to consolidate Hong Kong’s position as an infrastructure financing hub.

Securities / Derivatives

Higher Profit Requirement for IPOs Will Hurt Hong Kong

By Manesh Samtani | 25/01/2021

Consultation responses suggest that HKEX’s proposal to raise the profit requirement for Main Board listing IPOs will drastically reduce its competitiveness.

Market Infrastructure

Stock Connect to Include STAR Market Stocks from 1 February

By Editors | 24/01/2021

The corresponding H-shares will also be included in Southbound trading of Stock Connect, in addition to H-shares with corresponding A-shares listed in Shenzhen.

AML / KYC

Hong Kong ICAC Charges Another in DBS L/C Fraud Case

By Editors | 23/01/2021

The construction company director conspired with other individuals to defraud DBS into issuing $75.3mn in L/Cs that had no genuine underlying transactions.