HONG KONG

Hong Kong Aims to Develop Islamic Finance Market, Says Regulator

By Editors | 19/06/2014

Hong Kong is keen to further develop its Islamic finance market, a Securities and Futures Commission official said, adding that the city aims to work closely with Malaysia in enhancing its platform for Islamic finance.

Hong Kong Regulator Conducts Business Continuity Drills with Banks

By Editors | 16/06/2014

The Hong Kong Monetary Authority has conducted a drill with banks on business continuity plans (BCP) to test the reliability and stability of the communications between the back-up offices of the regulator and the lenders.

Hong Kong Launches E-Payment for MPF Transfer

By Editors | 13/06/2014

The Hong Kong Monetary Authority and Mandatory Provident Fund Schemes Authority has launched an e-payment service for fund transfer system enhancing accuracy and efficiency of fund transfers between trustees.

Securities / Derivatives

Hong Kong Regulators Cautious on Rising China Loans

By Editors | 11/06/2014

Hong Kong regulators are imposing strict financial rules four years ahead of their expected implementation under global standards on worries some banks may be vulnerable if Chinese economy weakens significantly.

Hong Kong Exchanges to Extend After-hours Futures Trading in November

By Editors | 03/06/2014

Hong Kong Exchanges and Clearing Ltd said it will extend after-hours futures trading by 45 minutes in a move that could attract more trading from clients in the North American and European markets.

Hong Kong Exchanges Issues Guidance on Reverse Takeover and Acquisitions

By Editors | 03/06/2014

The Hong Kong Exchanges and Clearing Ltd (HKEx), through its subsidiary the Stock Exchange of Hong Kong, has published a guidance letter on the application of the reverse takeover norms in its listing rules.

Hong Kong Regulator Launches Online Platform for Merger and Takeover Disclosures

By Editors | 03/06/2014

The Securities and Futures Commission has launched a new online platform to streamline the submission process for disclosures of dealings under takeovers and mergers code.

IMF Finds Hong Kong’s Financial System Resilient, Well-Regulated

By Editors | 28/05/2014

The International Monetary Fund (IMF) in its comprehensive assessment of Hong Kong’s financial system found that the city’s banking system is very well regulated and resilient.

Financial Regulators’ Expenditures Rise as Market Surveillance Deepens

By Editors | 27/05/2014

Financial services regulators in major markets including Hong Kong have increased their expenditure over the last seven years by nearly 60% amid growing pressure on regulatory agencies to deepen scrutiny of the financial services industry following the 2008 crisis.