Hong Kong

    AML / KYC

    HKMA to Enhance AML/CFT Supervision Through Data & Tech

    By Manesh Samtani | 29/09/2020

    The HKMA intends to increase its engagement and data collection, make better use of data, and utilise suptech tools to enhance its AML/CFT supervision.

    Enforcement

    SFC Fines China Everbright Over Expired Standing Authority

    By Editors | 29/09/2020

    The standing authority used to pledge client securities to obtain credit lines from banks was not renewed due to a miscommunication between compliance teams.

    HKEX Chief Charles Li to Step Down at Year-end

    By Editors | 29/09/2020

    Charles Li will step down as HKEX Chief Executive on 31 December 2020, but remain as Senior Advisor to the Board for six months.

    Securities / Derivatives

    HKEX Launches Five New MSCI Futures Contracts

    By Editors | 29/09/2020

    The bourse operator also plans to launch an MSCI Taiwan options contract later this year, subject to regulatory approvals and market conditions.

    Enforcement

    SFC, IA Sign New MoU on Supervisory Cooperation

    By Editors | 28/09/2020

    The MoU covers case referrals, joint inspections and investigations, and sharing of information pertaining to products and relevant entities or key persons.

    Fintech / Regtech

    HKMA Selects ConsenSys to Lead Next Phase of CBDC Project

    By Editors | 28/09/2020

    Project Inthanon-LionRock studied the application of a CBDC for cross-border payments. ConsenSys will lead implementation of the project’s next phase.

    AML / KYC

    HKMA Issues Guidance on Remote Onboarding of Corporate Clients

    By Editors | 25/09/2020

    Onboarding processes should be designed reflecting the principle that CDD is not merely a document collection exercise, the HKMA says.

    Market Infrastructure

    FSDC Calls For HK-listed Derivatives Tracking A-Shares

    By Manesh Samtani | 24/09/2020

    Once the new A-share based derivatives products are launched in Hong Kong, they should be opened up to Mainland investors via Stock Connect.

    Securities / Derivatives

    HKEX Preparing to Launch New IPO Platform, FiNI

    By Editors | 24/09/2020

    The new IPO platform will streamline current IPO processes and shorten the time between IPO pricing and the listing of new shares.

    Securities / Derivatives

    SFC Identifies Cybersecurity Deficiencies at Internet Brokers

    By Editors | 23/09/2020

    The SFC found deficiencies relating to two-factor authentication, data encryption, session timeout, monitoring and surveillance, among other areas.

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