Hong Kong

AML / KYC

Hong Kong Publishes First AML/CTF Risk Assessment

By Manesh Samtani | 02/05/2018

Hong Kong exposed to medium-high level of money laundering risk; ability to combat money laundering also assessed as medium-high.

Big Picture

Moody’s Places HK Banks on Review for Upgrade

By Editors | 01/05/2018

Hong Kong legislation enables authorities to achieve orderly resolution in the event of a bank failure and provides clarity on the effect on depositors and other creditors.

Market Infrastructure

Japanese Banks Respond to HK OTC Derivatives Consultation

By Garima Chitkara | 30/04/2018

Japanese banking association asks for 6-12 months grace for implementing LEI requirements; urges for increased incentives to encourage smaller firms to obtain LEIs.

Securities / Derivatives

SFC to More Than Triple Investor Compensation Limit

By JP Reimann | 30/04/2018

Proposals include raising compensation limit to HKD500,000 per investor, covering Stock Connect northbound trading; raising trigger for reinstating transaction levy to fund compensation.

Australia, HK Suffer Lack of Trust in Financial Services – Report

By Manesh Samtani | 27/04/2018

CFA Institute survey finds as little as 31% of investors in Australia and 35% in Hong Kong trust the financial services industry.

Market Infrastructure

HKEX Appoints Laura Cha as Chairman

By Editors | 27/04/2018

Industry veteran Laura Cha is first female chairman for a two-year term, subject to approval by chief executive Carrie Lam.

Market Infrastructure

HKEX New Listing Regime Adds Dual-Class Shares

By JP Reimann | 26/04/2018

In biggest rule changes in two decades, innovative and emerging companies with weighted voting rights structures will be able to list in Hong Kong from Monday.

AML / KYC

ACAMS 2018: HKMA Calls on Financial Industry in Fight Against Crime

By Manesh Samtani | 26/04/2018

Deputy chief Arthur Yuen highlighted technological innovation, increased information sharing and the application of a risk-based approach as the key issues to implementing effective AML systems.

Securities / Derivatives

China Allows Domestic Investors to Buy Hong Kong Equity Research

By Editors | 26/04/2018

The CSRC has allowed certain types of Hong Kong brokerages to sell locally-focused research to Chinese mainland investors as it looks to further integrate the two markets.