Hong Kong

Big Picture

Coronavirus Spells More Trouble For Hong Kong Banks: S&P

By Editors | 03/02/2020

S&P Global Ratings says the new coronavirus outbreak will add to the challenges Hong Kong banks already face amid social unrest, US-China trade tensions, and China’s economic slowdown.

Securities / Derivatives

SEHK Proposes to Allow Corporate Beneficiaries of WVR Structures

By Editors | 02/02/2020

Hong Kong’s stock exchange is proposing to allow eligible corporate entities to hold weighted voting rights in listed companies, subject to appropriate safeguards.

Market Infrastructure

HK, Korea, Philippines to Undergo IMF Assessment in 2020

By Editors | 31/01/2020

While Hong Kong and Korea are scheduled to undergo the assessment, as required every five years, the Philippines has voluntarily requested its assessment.

Securities / Derivatives

HKEX Names Two Global Banks in Failed IPO Application

By Editors | 31/01/2020

Sponsored by Morgan Stanley and JP Morgan Securities, the listing of Chinese biotech firm Akeso was rejected due to a typo in the date in a listing application document.

Securities / Derivatives

HK Listed Companies May Miss Earnings Deadline – Reports

By Editors | 31/01/2020

The HKICPA has met with HKEX to propose extending a 31 March filing deadline for China-based companies listed in Hong Kong affected by coronavirus-related travelling restrictions.

Chinese Regulators Announce Coronavirus Support Measures

By Manesh Samtani | 30/01/2020

PBOC has extended the Lunar New Year closure of financial markets until 3 February and vowed to inject liquidity into the markets when they reopen.

Capital / Liquidity

HKMA Maintains 2% CCyB Amid ‘Uncertain’ Environment

By Editors | 30/01/2020

HKMA chief Eddie Yue says it is appropriate to maintain the CCyB at 2.0% to allow more time to “observe the trend”.

Enforcement

SFC Suspends RHB Securities AE for Unauthorised Discretionary Trades

By Editors | 30/01/2020

The account executive conducted discretionary trades for a client account for almost two years without obtaining written authorisation.

Enforcement

SFC Launches Proceedings Against China Ding Yi Feng Manipulators

By Editors | 23/01/2020

On its first day of trading after a 10-month suspension, China Ding Yi Feng has lost 90% of its value, representing HKD 25 billion in lost market value.