Hong Kong

Big Picture

HKIMR Offers Suggestions to Develop Hong Kong Green Bond Market

By Shruti Khairnar | 27/11/2020

To encourage more active participation in the market, efforts can be made to implement tax incentives and subsidies to address the high costs of certification.

Securities / Derivatives

HKEX Outlines Derivatives Market Enhancements for 2021

By Editors | 26/11/2020

Market participants who plan to trade or clear selected derivatives contracts during Hong Kong public holidays will be asked to demonstrate technical readiness.

Enforcement

SFC Bans Ex Sun Hung Kai Account Exec Over Discretionary Trading

By Editors | 26/11/2020

The former licensed representative effected transactions in two clients’ accounts on a discretionary basis without obtaining prior written authorisations or senior management approval.

Market Infrastructure

Stock Connect Set to Include Pre-profit Biotechs, STAR Market Stocks

By Manesh Samtani | 26/11/2020

In a policy address, Hong Kong chief executive Carrie Lam discussed measures to expand Stock Connect and enhance the city’s integration into the Greater Bay Area.

Enforcement

SFC Bans Ex-StanChart Banker For Concealing Personal Trades

By Editors | 25/11/2020

The SFC’s decision followed a referral from the HKMA, which discovered that the former banker also wilfully misrepresented himself to the Appeals Tribunal.

Securities / Derivatives

HKEX to Enhance Northbound Stock Connect Post-trade Processing

By Editors | 24/11/2020

HKEX is targeting a Q1 2022 launch for the new settlement platform, which will automate and streamline post-trade processes and improve settlement efficiency.

Market Infrastructure

HKMA Urges Continued Efforts to Advance Bank Culture Reform

By Manesh Samtani | 24/11/2020

In a recent keynote address, the HKMA’s Alan Au discussed seven common themes that were identified from banks’ self-assessments of culture reforms.

Capital / Liquidity

HKMA Updates Rules for Banks’ Equity Investments in Funds

By Editors | 22/11/2020

The HKMA consulted on local implementation of the standard in January 2019. The new consultation contains amendments reflecting industry feedback.

Market Infrastructure

HKMA Expands List of Eligible Collateral for RMB Facility

By Editors | 21/11/2020

Eligible collateral will include RMB, USD and EUR debt securities issued offshore by China’s central bank, Ministry of Finance or policy banks.