Hong Kong

Big Picture

The Case for an Alternative Credit Scoring Ecosystem in Hong Kong

By Manesh Samtani | 03/11/2020

A new whitepaper commission by the HKMA describes alternative credit scoring and how it works, and explains why it can help the banking industry and MSMEs.

Fintech / Regtech

HKMA to Target Accelerated RegTech Adoption in 2021

By Manesh Samtani | 03/11/2020

The HKMA wants to see banks embracing and trialling new technologies and proofs of concept, and ultimately adopting more Regtech solutions, said central banker Arthur Yuen.

Fintech / Regtech

HKMA Unveils Financial Infrastructure Project to Facilitate SME Lending

By Manesh Samtani | 02/11/2020

The HKMA is working with banks to study the feasibility of the ‘Commercial Data Interchange’, a new financial infrastructure to facilitate financial intermediation.

Securities / Derivatives

HK to Allow Secondary Listings from Some Corporate WVR Companies

By Manesh Samtani | 01/11/2020

Subject to certain requirements, Greater China issuers primary listed on the Nasdaq, NYSE or the LSE’s premium listing segment will be allowed to secondary list in Hong Kong.

Enforcement

SFC Suspends Licence of Mason Securities Representative

By Editors | 30/10/2020

The former licensed representative said she had forgotten to declare an external securities trading account initially, and “could not be bothered to do so subsequently”.

ESG / Sustainability

AIMA, Simmons & Simmons Launch ESG Primer for Asia Fund Managers

By Editors | 30/10/2020

The primer contains key concepts and taxonomy, recent regulatory developments impacting Asia fund managers, and a checklist for developing an ESG strategy and roadmap.

Capital / Liquidity

HKMA Consults on Amendments to D-SIB Framework

By Editors | 30/10/2020

The amendments are aimed at improving the assessment of banks’ complexity in the D-SIB identification process, and reducing the weight of the size factor, among other changes.

ESG / Sustainability

SFC Proposes New Requirements for Fund Managers on Climate Risk

By Manesh Samtani | 29/10/2020

The proposed requirements for fund managers cover four key elements: governance, investment management, risk management and disclosure.

AML / KYC

HKAA Sanctions Impact ‘Relatively Muted’, For Now: IIF

By Manesh Samtani | 29/10/2020

One of the main concerns for Chinese banks is that a loss of access to dollar finance could hamper their ability to lend to corporate customers that rely on USD financing.