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Capital / Liquidity
HK SFC Launches Thematic Review of Prime Brokerage, Equity Derivatives
By Editors | 01/11/2017
Regulator says prime brokerage a growing revenue stream for institutions as Hong Kong’s asset management, hedge fund sectors expand.
Securities / Derivatives
Hong Kong Dual-class Listings Not Quite a Brave New World
By Peter Guy | 30/10/2017
Abandoning plans for third board and allowing main board dual-class shares do nothing to support start-ups or attempts to reinvent HK economy.
Securities / Derivatives
HK Brokers Face Cost Squeeze from Cybersecurity Guidelines
By JP Reimann | 30/10/2017
Brokers will be required to use 2FA for client log-ins; implement raft of new measures including management responsibility, stress tests.
AML / KYC
Guangdong, HK to Boost Financial Cooperation
By Editors | 30/10/2017
Governments to relax restrictions on cross-border business operations and boost RMB flows; cooperate further on fintech and green finance.
Fintech / Regtech
Old Rivals Hong Kong, Singapore Launch Fintech Tie-up
By Editors | 26/10/2017
Decision to work together on distributed ledger, other fintech initiatives belie reputed rivalry between two financial centres.
Market Infrastructure
Hong Kong Extends After-hours Index Futures Trading
By Editors | 23/10/2017
From 6 November, trading in mini and full versions of HSI and HSCEI index futures will be extended to 1am Hong Kong time.
Market Infrastructure
10,000 Individuals Register Under Hong Kong MIC Regime
By Editors | 19/10/2017
About 40% of individuals to have registered under MIC so far are unlicensed as they are in charge of operations or control functions, SFC says.
Capital / Liquidity
HK Legco to Consider Recovery Planning, Large Exposures Bill
By Editors | 19/10/2017
Banking Ordinance already includes resolution, but not recovery, requirements; HKMA to retain ‘general power’ on exposure limits.
Enforcement
HK SFC Investigating 15 IPO Sponsors for ‘Substandard’ Work
By Samuel Riding | 12/10/2017
Head of enforcement says the IPO sponsors may have failed to verify data, opening the door to fraud by the listing companies.
AML / KYC
FIs No Longer Have to Verify Client Addresses for AML/CTF – HKMA
By Editors | 12/10/2017
AML/CTF regulations to be changed; banking regulator says any current absence of address verification will be seen as justified.
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