HONG KONG

Securities / Derivatives

SET Launches New Depositary Receipts based on HK-Listed ETFs

By Sanday Chongo Kabange | 04/02/2025

The SET has more than 50 DR products listed on its market, including six new DRs based on ETFs listed in Hong Kong.

Fintech / Regtech

HKMA Develops AI-Powered Sentiment Tracker for Mainland Property Market

By Manesh Samtani | 03/02/2025

The GenAI-driven sentiment index, which uses Chinese social media data, is able to act as a leading indicator for Mainland property sales

Securities / Derivatives

HKMA Will Monitor Banks’ Asset Management Activities

By Editors | 31/01/2025

HKMA called attention to an SFC circular which described the misconduct of asset managers as “egregious” and lacking in integrity

Enforcement

Hong Kong Court Order “Successfully Executed” on Tron Blockchain

By Editors | 31/01/2025

The use of tokenised legal notices opens up an avenue to recover lost funds even when the identity of those controlling crypto wallets are unknown

Crypto / Digital Assets

Hong Kong SFC Grants Two New Crypto Licences

By Manesh Samtani | 30/01/2025

The licences were granted to YAX, a wholly-owned subsidiary of Tiger Brokers, and Panthertrade, a subsidiary of Futu Holdings.

Enforcement

HK PCPD Orders Oxfam to Remediate Privacy Law Breaches

By Sanday Chongo Kabange | 28/01/2025

The PCPD says Oxfam didn’t have adequate measures in place to guard against the ransomware attack it experienced last year.

ESG / Sustainability

AFRC Assesses Readiness for Sustainability Reporting and Assurance

By Sanday Chongo Kabange | 28/01/2025

An increasing number of HK-listed entities are obtaining sustainability assurance, and more auditors are offering these services.

Enforcement

Hang Seng Bank Fined for Mis-selling Investment Products

By Sanday Chongo Kabange | 28/01/2025

SFC Executive Director of Enforcement Christopher Wilson described Hang Seng Bank’s misconduct as “serious and systemic”.

Fintech / Regtech

WeChat Pay HK Expands Cross-Border Payments to Mainland Merchants

By Sanday Chongo Kabange | 28/01/2025

Transactions made in CNY will be automatically converted to HKD with no handling fees, the company said.