Hong Kong

Securities / Derivatives

HKEX Launches Master SPSA Service for Fund Managers

By Editors | 10/07/2020

The new service allows pre-trade checking of China A shares for northbound Stock Connect trading at the fund manager or aggregate level.

AML / KYC

Chinese Banks Plan for Possible US Sanctions – Report

By Editors | 09/07/2020

Bank of China and ICBC are reportedly preparing for worst-case possibilities that they could be cut off from US dollars or lose access to US dollar settlements.

Market Infrastructure

HKEX Clears First HONIA-based Interest Rate Swaps

By Manesh Samtani | 09/07/2020

The first centrally cleared HONIA interest rate swap contract was between BOCHK and HSBC, marking a significant step to promote HONIA’s adoption in the financial industry.

ESG / Sustainability

HKMA Offers Guidance for Banks on Climate Risk Practices

By Manesh Samtani | 08/07/2020

The HKMA has published its observations on the approaches used by major banks to manage climate risk, as guidance for the banking sector as a whole.

Capital / Liquidity

BCBS Releases 18th Progress Report on Basel III Adoption

By Editors | 06/07/2020

In Asia Pacific, Hong Kong, Korea and Indonesia have in particular made significant progress towards implementing the Basel III standards.

AML / KYC

Global Banks Seek Clarity on ‘Hong Kong Autonomy Act’

By Editors | 05/07/2020

Under the legislation, banks can be penalised for conducting a ‘significant transaction’ with Chinese individuals or entities named as having contributed to the erosion of Hong Kong’s autonomy.

Securities / Derivatives

SFC Asks HKEX to Raise Guard Against Conflicts of Interest

By Editors | 04/07/2020

The SFC says Listing Department personnel should not attend business meetings with prospective listing applicants, and HKEX should further reinforce ‘Chinese Walls’.

Big Picture

Virtual Banks Could Shake Up Funds Industry – Report

By Editors | 03/07/2020

Successful virtual banks are likely to branch out into wealth management services, robo-advisory and fund distribution, says a new Calastone paper.

Fintech / Regtech

Hong Kong Offers Wage Subsidy to Local Fintechs

By Editors | 02/07/2020

Fintech companies registered in Hong Kong can apply for a salary subsidy to fill a new full-time position for a maximum of 12 months.