Hong Kong

Hong Kong’s New CIES Receives Over 900 Applications Since Launch

By Sanday Chongo Kabange | 28/03/2025

In-principle approval has been granted to more than 700 applications and “formal approval” to over 300 applications.

Securities / Derivatives

CSRC Green Lights CATL’s Planned $5b IPO in Hong Kong

By Editors | 27/03/2025

The battery maker’s IPO would be the largest share sale in Hong Kong since January 2021. The proceeds will be used to build factories overseas.

Fintech / Regtech

HKMA Applying GenAI to Monitor for Banking System Risks

By Manesh Samtani | 27/03/2025

HKMA is using an in-house GenAI tool to analyse banks’ earnings call transcripts to identify major risks ahead of actual stress events.

Securities / Derivatives

HKFE Clearing Corp Announces Changes to Intra-day VA Call Processes

By Manesh Samtani | 26/03/2025

Two new scheduled intra-day VA calls will be introduced daily for all open positions, and ad hoc intra-day VA calls will continue but with enhanced criteria.

Enforcement

SFC Penalises Brokerage and MiC for Poor Margin Financing Controls

By Sanday Chongo Kabange | 25/03/2025

The SFC fined Enlighten Securities HKD 5 million and suspended its manager-in-charge for seven months.

Market Infrastructure

HKMA Relaxes Wealth Connect Limit for Overseas Incorporated Banks

By Sanday Chongo Kabange | 25/03/2025

HKMA has raised the customer limit for non-locally incorporated AIs providing southbound WMC services to non-private banking Mainland customers.

AML / KYC

HK Considers Allowing Banks to Freeze Scam-Linked Accounts

By Sanday Chongo Kabange | 24/03/2025

HKPF and HKMA are in talks with banks on a mechanism to freeze accounts linked to fraudulent activities.

Securities / Derivatives

HKEX List Asia’s First Single Stock Leveraged & Inverse Products

By Sanday Chongo Kabange | 24/03/2025

The new products provide leveraged and inverse exposure to US-listed Berkshire, Coinbase, MicroStrategy, NVIDIA, and Tesla.

Enforcement

SFC Suspends Former Securities Broker Over ‘Finfluencer’ Activities

By Mark Johnston | 24/03/2025

The former Tse’s Securities representative provided investment advice through a subscription-based chat group on Telegram he hosted without a licence.