Hong Kong

Market Infrastructure

OTC Clear to Launch RTGS Settlement Service for Members

By Manesh Samtani | 18/11/2020

From 30 November 2020, the new service will relieve clearing members from having to create payment instructions to settle amounts due to OTC Clear each day.

Market Infrastructure

HKMA Finalises New Reporting Form for Consolidated Accounts

By Editors | 17/11/2020

The new Return of Consolidated Accounts will help the HKMA monitor banking sector developments and strengthen the consolidated supervision of locally incorporated banks.

Fintech / Regtech

SFC Signs Fintech Cooperation Agreement with Israeli Regulator

By Editors | 17/11/2020

The agreement establishes a framework for information sharing, potential joint innovation projects and referrals of innovative firms seeking to enter one another’s markets.

Securities / Derivatives

SFC Plans to Issue Code of Conduct for Investment Banks – Report

By Editors | 16/11/2020

The SFC is reportedly seeking to frame a detailed code of conduct for capital raisings that will cover how investment banks calculate their fees.

Market Infrastructure

HKEX Proposes Revamp of Hong Kong IPO Settlement Process

By Manesh Samtani | 16/11/2020

Subject to market support and readiness, HKEX intends to launch a new platform called FINI in 2022 that will cut the IPO settlement process from T+5 to T+1.

Securities / Derivatives

Hong Kong MPFA Adds SSE, SZSE, IDX to Approved List

By Editors | 16/11/2020

The move provides MPF fund managers greater flexibility, allowing them to diversify investment risks and channel more assets into A shares.

Market Infrastructure

HKEX Chief Outlines Ongoing Market Development Initiatives

By Manesh Samtani | 12/11/2020

HKEX Chief Charles Li hinted at the possibility that Stock Connect could be extended to the primary market, and expanded to include derivatives.

Market Infrastructure

HKGFA Proposes Framework to Finance Net-zero Transition in High Carbon Sectors

By Manesh Samtani | 11/11/2020

The framework seeks to address financing constraints to decarbonisation in high-emitting sectors such as steel, cement and energy, which don’t have access to green or climate finance.

AML / KYC

US Sanctions Four More Officials Over Hong Kong National Security Law

By Sanday Chongo Kabange | 10/11/2020

China’s Foreign Ministry says the move is a violation of the basic norms governing international relations, urging the US to withdraw the sanctions.