HONG KONG

Crypto / Digital Assets

HKMA Consults on New Return Templates for Reporting Cryptoassets

By Sanday Chongo Kabange | 17/06/2025

HKMA said the revised return templates will help guide system developments of banks as they prepare to implement the BCBS standard.

AML / KYC

HK and SG Police Dismantle Cross-Border Scam Syndicate

By Sanday Chongo Kabange | 17/06/2025

The joint operation resulted in 8 arrests and seizures of HKD 18 million in SIM cards used for phone scams.

Enforcement

SFC Imposes Restrictions on GA (Int’l) Capital Management

By Sanday Chongo Kabange | 17/06/2025

GCML said the restriction notice has no effect on its global operations, and that the matter stems from a “third-party client violation” rather than misconduct by the firm.

AML / KYC

Hong Kong To Develop ML Tracer for Crypto Transactions

By Sanday Chongo Kabange | 16/06/2025

Hong Kong Customs has partnered with HKU to create a tool for tracing illicit activities involving cryptocurrencies.

Market Infrastructure

SFC To Adopt Registrar Fee Limits in Paperless Securities Market

By Sanday Chongo Kabange | 16/06/2025

The SFC’s Rico Leung said the conclusion on ASR fee limits marks a “critical milestone” on the road towards USM implementation.

Securities / Derivatives

The Path to Readiness for HKMA’s Derivatives Reporting Rewrite

By Priya Kundamal | 16/06/2025

HKMA’s new derivatives reporting rules require firms to prioritise testing and stakeholder engagement, writes DTCC’s Priya Kundamal.

Crypto / Digital Assets

Ant International Eyes Stablecoin Licence in Hong Kong – Report

By Editors | 14/06/2025

Ant International seeking stablecoin licences in Hong Kong, Singapore and Luxembourg. Hangzhou-based Ant Digital also seeking HK licence.

Crypto / Digital Assets

SFC Official Outlines ‘One Shield, Three Arrows’ Strategy

By Sanday Chongo Kabange | 14/06/2025

Julia Leung said the strategy focuses on strengthening Hong Kong’s resilience, core competitiveness and connectivity with global markets.

ESG / Sustainability

IFRS Publishes Jurisdictional Profiles on ISSB Standards Adoption

By Manesh Samtani | 13/06/2025

The profiles show jurisdictional progress in adopting the ISSB standards, highlighting APAC’s commitment and diverse approaches.