Hong Kong

Seven Banks Named in Hong Kong Data Breach

By Editors | 16/10/2015

The Hong Kong Monetary Authority has named seven banks that breached data rules requiring them not to store unsecured cardholders’ names on contactless chips.

Hong Kong, China to Strengthen Information Exchange

By Editors | 15/10/2015

Hong Kong’s Securities and Futures Commission is looking to strengthen information sharing and cooperation with the China Securities Regulatory Commission to guard against market misconduct.

Hong Kong to Introduce New Commodities Contracts

By Editors | 14/10/2015

Hong Kong Exchanges and Clearing plans to introduce London Nickel Mini Futures, London Tin Mini Futures and London Lead Mini Futures contracts.

SFC Chairman Pushes for OTC Derivatives Reform

By Editors | 14/10/2015

The chairman of the Securities and Futures Commission says there is no room for delay in the implementation of OTC derivatives reforms as international standards need to be met.

Hong Kong Refines Information Exchange Proposal

By Editors | 14/10/2015

Hong Kong’s Government will refine the legislative proposals for implementing the new international standard on Automatic Exchange of Financial Account Information in Tax Matters.

Hong Kong to Establish Resolution Regime This Year

By Editors | 12/10/2015

Majority of respondents supportive of the proposal to establish local resolution regime in line with FSB standards.

Hong Kong to Streamline Fund Authorisation Process

By Editors | 12/10/2015

Intention to promote fund providers’ self-compliance and reduce the overall processing time without compromising investor protection.

Hong Kong Considers Centralised Fund Platform

By Editors | 11/10/2015

The Hong Kong Securities Association is holding talks with Hong Kong Exchange and Clearing Limited to evaluate the possibility of launching a centralised fund platform.

Hong Kong Terminates Plan for Dual-Class Shares

By Editors | 06/10/2015

The Stock Exchange of Hong Kong has terminated a plan to allow dual-class shares and other weighted-voting rights structures after objection from the Securities and Futures Commission.