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Hong Kong
Securities / Derivatives
HKMA Will Monitor Banks’ Asset Management Activities
By Editors | 31/01/2025
HKMA called attention to an SFC circular which described the misconduct of asset managers as “egregious” and lacking in integrity
Enforcement
Hong Kong Court Order “Successfully Executed” on Tron Blockchain
By Editors | 31/01/2025
The use of tokenised legal notices opens up an avenue to recover lost funds even when the identity of those controlling crypto wallets are unknown
Crypto / Digital Assets
Hong Kong SFC Grants Two New Crypto Licences
By Manesh Samtani | 30/01/2025
The licences were granted to YAX, a wholly-owned subsidiary of Tiger Brokers, and Panthertrade, a subsidiary of Futu Holdings.
Enforcement
HK PCPD Orders Oxfam to Remediate Privacy Law Breaches
By Sanday Chongo Kabange | 28/01/2025
The PCPD says Oxfam didn’t have adequate measures in place to guard against the ransomware attack it experienced last year.
ESG / Sustainability
AFRC Assesses Readiness for Sustainability Reporting and Assurance
By Sanday Chongo Kabange | 28/01/2025
An increasing number of HK-listed entities are obtaining sustainability assurance, and more auditors are offering these services.
Enforcement
Hang Seng Bank Fined for Mis-selling Investment Products
By Sanday Chongo Kabange | 28/01/2025
SFC Executive Director of Enforcement Christopher Wilson described Hang Seng Bank’s misconduct as “serious and systemic”.
Fintech / Regtech
WeChat Pay HK Expands Cross-Border Payments to Mainland Merchants
By Sanday Chongo Kabange | 28/01/2025
Transactions made in CNY will be automatically converted to HKD with no handling fees, the company said.
Enforcement
Hong Kong: Former OCBC Banker Pleads Guilty to Accepting Bribes
By Sanday Chongo Kabange | 28/01/2025
The former bank employee accepted a bribe to refer mortgage clients to an agent so he could earn referral fees from a different lender
Market Infrastructure
Hong Kong Moves Closer to Fully Paperless Securities Market
By Sanday Chongo Kabange | 27/01/2025
Only online channels will be allowed for subscriptions to public offers of equity securities, and issuers will have more flexibility to adopt digital communication and payment technologies
Capital / Liquidity
HKMA Finalises Policy Manual on How Pillar 2 Capital is Determined
By Manesh Samtani | 27/01/2025
The HKMA will consider whether banks have taken into account material climate-related financial risks when determining Pillar 2 capital requirements.
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