Hong Kong

AML / KYC

Hong Kong to Continue to Allow Mutual Fund Sales Commissions

By Editors | 20/11/2017

Securities and Futures Commission says Hong Kong is not ready to ban commissions and introduce a pay for advice model.

HK Court Confirms SFC Authority in Insider Trading Conducted Overseas

By Samuel Riding | 13/11/2017

Court also rules a person’s lack of awareness they are trading on inside information doesn’t mean they don’t have to pay back illicit gains.

Capital / Liquidity

Hong Kong Sets out Internal Audit Requirements for Authorised Institutions

By Editors | 02/11/2017

HKMA says audit functions must be separate from risk and compliance; will only allow outsourcing ‘under very limited circumstances’.

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.