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HONG KONG
Fintech / Regtech
MPFA Announces Enhancements to eMPF Platform
By Sanday Chongo Kabange | 20/02/2025
Five MPF trustees have been onboarded to the new eMPF platform so far. Seven more will start onboarding starting in March.
Securities / Derivatives
HKEX Sees First GEM Company Transfer to Main Board Since Reforms
By Sanday Chongo Kabange | 19/02/2025
Civil explosives producer Pizu Group is the first company to use the new streamlined mechanism to transfer from the GEM to the Main Board.
Capital / Liquidity
More HK Banks Join Effort to Resolve SME Cash Flow Issues
By Sanday Chongo Kabange | 19/02/2025
The HKAB says 12 more banks have joined a pilot programme aimed at helping SMEs resolve liquidity and cash flow pressures.
AML / KYC
HKMA Mandates Mandatory Name Matching for All Fund Transfers
By Sanday Chongo Kabange | 19/02/2025
Under the HKMA’s 2021 guidance, the mandatory name matching process was only required for fund transfers of HKD 10,000 or above.
ESG / Sustainability
HKMA Issues New Guide for Banks on Greentech Adoption
By Sanday Chongo Kabange | 19/02/2025
The HKMA is urging banks to review the new practice guide and consider how greentech can be integrated into their operations.
Crypto / Digital Assets
Standard Chartered Forms JV to Issue HKD-Backed Stablecoin
By Sanday Chongo Kabange | 19/02/2025
Standard Chartered, Animoca Brands and HKT will apply for HKMA licence to issue the first Hong Kong dollar-backed stablecoin.
Market Infrastructure
Hong Kong Gazettes Subsidiary Legislation on Paperless Regime
By Sanday Chongo Kabange | 19/02/2025
Six pieces of subsidiary legislation set out detailed operational and regulatory matters for the uncertificated securities market regime.
Market Infrastructure
HKSCC Sets Launch Date for New Report Access Platform
By Sanday Chongo Kabange | 18/02/2025
After 21 March 2025, clearing participants will no longer be able to access VaR Platform reports via the existing Report Access Platform.
Securities / Derivatives
Hong Kong SFC Offers Clarity on Listing of Alternative Funds
By Sanday Chongo Kabange | 18/02/2025
The SFC said its door has “always been open” for closed-ended alternative funds, including PE funds, to be listed on the stock exchange.
Enforcement
SFC Reviewing Margin Financing Practices of Securities Firms
By Manesh Samtani | 18/02/2025
The SFC is conducting a thematic review of eight securities firms that provided unusually high levels of margin financing for new IPO subscriptions.
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