Hong Kong

Market Infrastructure

HKMA Unveils New FPS Feature Allowing Link to HKID

By Sanday Chongo Kabange | 02/12/2020

From 6 December onwards, individuals can link their HKID numbers to a bank account to conveniently receive payments, the HKMA said.

ESG / Sustainability

ESG Indices Offer Ethical Investment Without Sacrificing Returns: HKEX

By ESG Investor | 02/12/2020

Outperformance by ESG indices versus parents stems from “better financial performance and/or higher investor valuation of constituents, HKEX says in a new study.

ESG / Sustainability

HKEX Launches Sustainable and Green Exchange, ‘STAGE’

By Editors | 02/12/2020

STAGE will provide greater access and transparency on sustainable-themed products, as part of measures to support Hong Kong’s goal to become the green finance hub.

Capital / Liquidity

HKMA Consults on Revised SPM on Group-wide Bank Supervision

By Editors | 02/12/2020

The revised SPM accounts for holding companies established overseas and intermediate holding companies, including those that are unregulated or engaged in non-financial activities.

AML / KYC

SFC Directs Senior Managers to Correct AML/CFT Deficiencies

By Editors | 02/12/2020

The SFC found deficiencies in areas including oversight, internal controls, risk assessments, third party deposits, SoW/SoF checks, and sanctions screening, among others.

Enforcement

Former Convoy Executives Found Not Guilty in ‘Enigma Network’ Case

By Editors | 02/12/2020

The judge ruled that the evidence provided by prosecutors was not sufficient to prove there was any attempt to deceive the stock exchange or Convoy directors or investors.

Fintech / Regtech

Lack of Electronic Solutions Hindering Capital Market Access: ASIFMA

By Editors | 30/11/2020

The report calls on government and regulators to facilitate greater use of e-signatures, virtual meetings, and other electronic solutions in Hong Kong and Singapore capital markets.

Securities / Derivatives

HKEX Proposes to Raise Profit Requirement for New IPOs

By Manesh Samtani | 30/11/2020

One option HKEX proposes is to raise the profit requirement for companies seeking to list in Hong Kong threefold, reflecting the growth of the Hang Seng Index since 1994.

Securities / Derivatives

SFC Finalises Changes to Grant Greater Flexibility to REIT Managers

By Editors | 29/11/2020

REITs will be allowed to invest in minority-owned properties and property development projects, and borrowing limits will be increased.