Hong Kong

AML / KYC

HKMA Publishes Banking Sector Priorities for 2025

By Sanday Chongo Kabange | 24/01/2025

The HKMA’s 2025 workplan includes measures to safeguard the banking sector from financial crime, credit risk and cyber risk.

Securities / Derivatives

HKMA Launches Direct Bond Market Linkage With Macau

By Manesh Samtani | 22/01/2025

The linkage will enable investors from both sides to participate in each other’s bond market with greater ease and efficiency

Market Infrastructure

LME Approves Hong Kong as a Metals Warehouse Location

By Sanday Chongo Kabange | 21/01/2025

The approval of Hong Kong as a warehouse location aligns with the city’s efforts to bolster its role in global commodities trading

Market Infrastructure

HKMA Offers Guidance on Implementing Operational Resilience Requirements

By Sanday Chongo Kabange | 21/01/2025

The guidance focuses on mapping interdependencies and scenario testing, to help banks meet a May 2026 deadline for becoming operationally resilient

CICC Granted Approval to Operate in Dubai Financial Centre

By Mark Johnston | 20/01/2025

DFSA CEO Ian Johnston described the approval as “a big step forward” for facilitating deals and arrangements between China and the UAE.

Fintech / Regtech

Hong Kong PCPD Issues Updated Guidance on Cloud Computing

By Sanday Chongo Kabange | 18/01/2025

The PCPD was prompted to issue the updated guidance following a data breach incident at the Urban Renewal Authority.

Enforcement

SFC, HKEX Take Joint Action Against Listed Company, Former Directors

By Sanday Chongo Kabange | 17/01/2025

The SFC and HKEX said the former directors of mobile gaming company FingerTango misused IPO proceeds after the company went public in 2018

Market Infrastructure

PBOC Governor Talks Up Mainland and Hong Kong Markets

By Manesh Samtani | 17/01/2025

Pan Gongsheng said risks in China’s property market have receded and the Mainland will further boost connectivity with Hong Kong

Crypto / Digital Assets

SFC Extends ‘Swift Licensing Process’ to New VATP Applicants

By Sanday Chongo Kabange | 17/01/2025

The SFC released a circular detailing the new licensing process as well as inspection findings identifying deficiencies in VATP systems and processes.