ADVERTISEMENT
AML / KYC
Hong Kong Sees Spike in Investment Scam Losses – Report
By Editors | 29/09/2021
Victims lost HKD 2.5 billion from investment scams between January and July, a 20-fold increase compared to the same period last year.
CBIRC Urges Mainland Insurers to Issue Cat Bonds in HK
By Editors | 29/09/2021
The issuance of catastrophe bonds in Hong Kong can help diversify Mainland insurers’ losses from natural disasters and enhance the risk-sharing mechanism.
Enforcement
Shenzhen Regulator Launches Probe into Evergrande Wealth
By Editors | 29/09/2021
The Shenzhen Financial Regulatory Bureau said a “thorough investigation” into Evergrande Wealth has been launched following investor demands for an inquiry.
Fintech / Regtech
Central Banks Create Prototype Platform for mCBDC Settlements
By Sanday Chongo Kabange | 28/09/2021
The prototype platform was able to complete international transfers and foreign exchange operations in seconds while also lowering the cost of cross-border operations.
Market Infrastructure
20 HK Banks Apply to Participate in Wealth Connect – Report
By Editors | 28/09/2021
Balanced funds, money market funds, equity and bond funds are reportedly among the more than 100 types of investment funds awaiting the HKMA’s approval.
Enforcement
Enforcement Should Drive Good Conduct, says HKEX’s Jon Witts
By Manesh Samtani | 28/09/2021
HKEX’s approach to enforcement is designed to drive better conduct, governance and compliance culture, says Head of Listing Enforcement Jon Witts.
Fintech / Regtech
HKMA Issues Guide on Regtech Adoption for GRC
By Sanday Chongo Kabange | 28/09/2021
The guide outlines common challenges associated with regtech adoption for GRC and describes how successful firms have addressed these challenges.
Securities / Derivatives
HKEX Goes Live with New Market Access Platform
By Editors | 28/09/2021
The new central gateway offers “improved performance and reduced latency” compared with the vendor-supplied platform it replaces, HKEX said.
AML / KYC
HKMA Identifies AML/CFT Gaps in Stored Value Facilities
By Sanday Chongo Kabange | 27/09/2021
The HKMA flagged issues related to risk assessments, business partner arrangements, customer risk assessments, and transaction monitoring.
Capital / Liquidity
Hong Kong Further Extends Three Loan Support Schemes
By Editors | 21/09/2021
The 100% Personal Loan Guarantee Scheme, SME Financing Guarantee Scheme, and Pre-approved Principal Payment Holiday Scheme are being extended.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.