Hong Kong

    Enforcement

    IPO Sponsors, Underwriters Are ‘Guardians of Market Quality’: SFC

    By Manesh Samtani | 22/10/2019

    The SFC expects sponsors to conduct sufficient due diligence to properly understand and assess the companies seeking to be listed, and to ensure red flags are properly followed up.

    Capital / Liquidity

    The Supervisory Answer to Hong Kong’s Worsening Economic Performance

    By Pierre Latrobe | 22/10/2019

    Pierre Latrobe at Mazars discusses the measures the HKMA has taken so far to strengthen its macroprudential supervisory toolkit and address potential risks to the wider financial system.

    Securities / Derivatives

    SSE, SZSE Grant Stock Connect Access to HK Dual Class Shares

    By Editors | 22/10/2019

    The rule changes come over a year after the China and Hong Kong bourses started working towards including dual class shares in Stock Connect.

    Market Infrastructure

    HKMA, Hong Kong Banks Pledge Leniency for SME Borrowers

    By Manesh Samtani | 17/10/2019

    Nine major Hong Kong banks have pledged to help SME customers that encounter financial difficulties by adopting accommodative lending policies.

    Capital / Liquidity

    HKMA Cuts CCyB in Response to Worsening Economic Conditions

    By Editors | 15/10/2019

    The first CCyB cut since 2015, the move is expected to free up between HKD 200-300 billion in the financial system and make it easier for banks to lend to SMEs.

    AML / KYC

    Stock Connect to Launch Southbound Investor ID Regime “Soon”

    By Editors | 12/10/2019

    The launch of the investor identification regime for southbound trading will mark the first time mainland investors will have their personal information shared with Hong Kong’s regulator.

    AML / KYC

    Fighting Financial Crime: HSBC Unveils New AML Tool

    By CorporateTreasurer | 10/10/2019

    The tool, which was deployed in the UK and Hong Kong on August 30, will be rolled out in a further 39 markets through 2020.

    Securities / Derivatives

    UPDATED – SFC to Raise Investor Compensation Limit

    By Editors | 09/10/2019

    Respondents to an April 2018 consultation strongly supported an increase in the compensation limit, among other proposals, which the SFC expects to implement in early 2020.

    Securities / Derivatives

    HKEX Closing Auction Expands to All Equities, Funds

    By Editors | 09/10/2019

    The move will help improve trading liquidity at close, simplify trading operations for market participants, and standardise closing times for equities.

    Fintech / Regtech

    MPFA to Complete eMPF Platform Bidding Process by Year-End

    By Editors | 09/10/2019

    Hong Kong’s MPF System relies on cheque settlement, manual handling and paper transactions. The MPFA aims to launch a new ‘eMPF Platform’ in 2022.

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