Hong Kong

Securities / Derivatives

HKMA Updates Rules on Sales of Banking Products

By Manesh Samtani | 27/09/2019

Banks may not sell investment, insurance and MPF products in areas that are used for deposit-taking activities, and the face-to-face sales process must be audio-recorded.

Securities / Derivatives

Civil Unrest Forces Brokers to Exit Hong Kong Market

By Editors | 24/09/2019

Since the Hong Kong protests began in June, ten brokerage firms have reportedly exited the market amid lower turnover and shrinking commission revenues.

Market Infrastructure

HKEX Enlists Investment Banks to Help with LSEG Bid

By Editors | 24/09/2019

HKEX has reportedly brought in UBS, Credit Suisse and HSBC to help it engage with LSEG shareholders and provide advice on its recently-rejected bid to takeover the London bourse.

Securities / Derivatives

SFC Imposes Lifetime Ban on Former BoCom Banker

By Editors | 24/09/2019

The ban follows an August 2018 conviction, where the former banker was found guilty of soliciting illegal commission payments from a client for stock trading profits.

Market Infrastructure

Experts Bemoan Hong Kong’s Slow Green Finance Reform

By AsianInvestor | 24/09/2019

The city’s regulator and central bank must introduce guidance and rules more aggressively if they want to show that Hong Kong is committed to green finance, say industry participants.

Securities / Derivatives

BIS Survey Reveals Rising Significance of Asian FX Hubs

By Manesh Samtani | 18/09/2019

Sales desks in China, Hong Kong and Singapore all recorded rises in FX trading activity compared to three years earlier. The UK increased its dominance despite Brexit fears.

Fintech / Regtech

HKMA Signs Operational Agreement for BIS Innovation Hub

By Editors | 18/09/2019

The Hub will foster collaboration between central banks and scale up the application of innovative technologies globally, says the HKMA’s Norman Chan.

Market Infrastructure

Hong Kong Virtual Banks Likely to Delay Launch – Report

By Editors | 18/09/2019

Hong Kong virtual banks are reportedly delaying plans to start promotional campaigns partly in response to city-wide protests, among other reasons.

Big Picture

Moody’s Becomes Second Agency to Downgrade Hong Kong Outlook

By Editors | 17/09/2019

Moody’s says the downgrade of Hong Kong’s outlook to negative is the result of a shift in its equilibrium with China, in addition to the ongoing protests in the city.