Hong Kong

Market Infrastructure

HKEX Finalises Enhancements to Pre-Opening Session, Volatility Controls

By Editors | 16/12/2019

The enhancements to the pre-opening session will be adopted in the second quarter of 2020. The stock-level volatility control mechanism will be expanded in the second half of 2020.

MPFA Commences Tendering Process for New eMPF Platform

By Editors | 12/12/2019

Companies that meet the technical requirements of the eMPF project are encouraged to form consortia and submit tenders by 9 April 2020.

Capital / Liquidity

HKMA Defends Against Rumours of Hong Kong Stability Risks

By Manesh Samtani | 12/12/2019

The HKMA has not seen any large-scale outflow of funds from Hong Kong and the banking system had sufficient capital and liquidity to withstand any impact.

Malaysia’s RHB Bank to Shutter Hong Kong Operations

By Editors | 11/12/2019

The move is said to be the result of an “increasingly challenging” operating and broking environment, largely attributed to a slow economy and ongoing civil unrest.

Securities / Derivatives

SFC, HKMA to Launch New Survey to Assess Product Selling Risks

By Editors | 10/12/2019

The survey will help the SFC and HKMA identify risks associated with the selling activities of intermediaries and coordinate their responses to address areas of common concern.

Capital / Liquidity

Hong Kong Introduces New Loan Guarantee Scheme for SMEs

By Editors | 10/12/2019

LegCo has approved HK$33bn in funding to provide 90% guarantees on approved loans taken out by eligible enterprises and professionals seeking to set up their own practices.

Securities / Derivatives

HKEX Reviews Listing Regime for Debt Issues to Professional Investors

By Editors | 09/12/2019

HKEX wants to raise the minimum net asset requirement for issuers from HK$100mn to HK$1bn, and to introduce a minimum debt issuance size of HK$100mn, among other proposals.

AML / KYC

IMF Commends Hong Kong’s Financial System Resilience

By Garima Chitkara | 05/12/2019

The IMF also came out in support of the government’s policies to boost the economy, safeguard financial stability, and combat money laundering and terrorism financing.

Securities / Derivatives

China Extends Income Tax Exemptions for Stock Connect Participants

By Editors | 05/12/2019

Mainland investors’ profits made through Stock Connect and the MRF scheme will be exempt from income tax until 31 December 2022.