HONG KONG

Securities / Derivatives

Hong Kong and UAE to Connect Debt Capital Markets

By Editors | 24/12/2024

HKMA and CBUAE aim to “allow seamless and cost-effective cross-border debt securities issuance, trading, investment, settlement as well as collateral management.”

Securities / Derivatives

CSRC, SFC Finalise Enhancements to Funds Recognition Scheme

By Manesh Samtani | 23/12/2024

SFC’s Julia Leung said the enhancements will expand the business potential for asset managers and the diversity and scale of MRF products.

Securities / Derivatives

HKEX Proposes to Enhance IPO Pricing and Offering Mechanism

By Manesh Samtani | 23/12/2024

Among its proposals, HKEX is exploring allowing a “staggered release” of the IPO lock-up for cornerstone investors.

Fintech / Regtech

HKMA’s Carmen Chu Urges Banks to ‘Embrace the Opportunities’ of GenAI

By Sanday Chongo Kabange | 22/12/2024

HKMA’s Carmen Chu said banks should foster a culture of “continuous learning” within their institutions and experiment with HKUST’s InvestLM GenAI Platform.

Securities / Derivatives

HK Government Asked to Explain ‘Sluggish’ Sales of Retail Infrastructure Bond

By Editors | 22/12/2024

Hong Kong officials Christopher Hui and Paul Chan both attributed the undersubscription to a wider range of attractive investment options in the market.

Market Infrastructure

HKMA Requiring Banks to Develop Capability to Switch Between CRAs

By Sanday Chongo Kabange | 20/12/2024

Retail banks must have agreements in place with more than one CRA by Jan 2025 and complete switch-over testing within Q2 2025

Fintech / Regtech

HKMA Announces First Batch of GenAI Sandbox Participants

By Sanday Chongo Kabange | 20/12/2024

15 use cases from 10 banks and 4 technology partners were selected. Technical trials will commence in early 2025.

ESG / Sustainability

HKEX Welcomes Large Carbon Credit Transaction by Cathay Pacific

By Sanday Chongo Kabange | 20/12/2024

Christopher Hui said the transaction sets a benchmark example for more transactions on HKEX’s Core Climate platform to follow.

Market Infrastructure

Hong Kong Forms Working Group to Lead Gold Market Development

By Sanday Chongo Kabange | 20/12/2024

The working group will help to create a comprehensive ecosystem for Hong Kong’s new gold trading market, says Christopher Hui.