Hong Kong

    Securities / Derivatives

    HKMA Publishes Criteria for PE Funds Seeking Tax Concession

    By Editors | 18/07/2021

    A fund should have operating expenditure incurred in Hong Kong for the provision of investment management services amounting to at least HK$2mn.

    Enforcement

    Hong Kong Stock Exchange Issues Revised Enforcement Policy

    By Matt Emsley | 16/07/2021

    Herbert Smith Freehills partners explain the implications of the Hong Kong Stock Exchange’s updated policy statement on Listing Rule enforcement.

    HKMA Announces Final Extension for Trade Loan Deferrals

    By Manesh Samtani | 16/07/2021

    Corporate customers can further extend their trade facilities for another 90 days until the end of October, when the scheme will expire.

    ESG / Sustainability

    Hong Kong Launches Centre for Green and Sustainable Finance

    By Manesh Samtani | 15/07/2021

    The Centre will serve as a cross-sector platform to coordinate the transition efforts and serve as a repository for resources, data and analytics.

    Market Infrastructure

    HKMA Asks Banks to Bolster Corporate Awareness of LIBOR Cessation

    By Editors | 13/07/2021

    Banks are asked to distribute a leaflet to all corporate customers by 31 July 2021 and to send confirmation to the HKMA after the exercise is complete.

    AML / KYC

    Hong Kong Records Drop in Corruption Complaints in 2020: ICAC

    By Ranamita Chakraborty | 12/07/2021

    Corruption complaints concerning the finance and insurance subsectors registered the highest drop among all subsectors.

    Fintech / Regtech

    SFC, Canadian Regulators Establish Fintech Cooperation Agreement

    By Editors | 12/07/2021

    Under the agreement, the SFC and eight Canadian securities regulators will cooperate on information sharing and referrals between their innovation functions.

    Securities / Derivatives

    HKEX Establishes Mainland China Advisory Group

    By Editors | 12/07/2021

    The new Advisory Group will advise the HKEX board on the development of China’s financial markets and economy.

    AML / KYC

    HK, Macau Police Arrest Break Up Romance Scam Syndicate

    By Editors | 11/07/2021

    The syndicate is said to have conned 10 local victims out of HKD 20 million and another seven out of HKD 1.5 million in Macau.

    AML / KYC

    HKMA Launches Campaign to Raise Awareness of Phishing

    By Sanday Chongo Kabange | 08/07/2021

    HKMA statistics show that phishing frauds in the first six months of 2021 were up 145% from the first half of 2020.

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