HONG KONG

Many Hong Kong institutions not ready for FATCA

By Editors | 09/08/2013

Hong Kong’s banks should put to good use the recent decision by the U.S. Treasury to delay the implementation of the Foreign Account Tax Compliance Act (FATCA), said a local industry official.

Hong Kong companies urged to ensure Islamic bond compliance

By Editors | 09/08/2013

With Islamic finance finally taking root in Hong Kong, compliance and legal staff at the territory’s financial institutions offering sukuk, or Islamic bonds, must ensure that their structures conform to the law, said a local lawyer. Doing so was essential, he said, to obtaining preferential tax treatment.

Fintech / Regtech

Hong Kong Pushes Data-sharing Infrastructure to Boost SME Trade Finance

By Manesh Samtani

The HKMA is advancing its Commercial Data Interchange (CDI) with new pilots in credit scoring and logistics data, aiming to streamline lending and cut costs for businesses.

Securities / Derivatives

US Lawmakers Subpoena JPM, BofA Chiefs Over CATL's Hong Kong IPO

By Manesh Samtani

House committee demands information on banks' role in CATL listing, citing the battery giant's alleged ties to China's military.

Capital / Liquidity

Hong Kong Rejects Easing of Mortgage Insurance Rental Rules

By Editors

Officials say allowing homeowners who rent out properties to buy new homes would add too much credit risk to the government-backed scheme.