Hong Kong

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    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

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    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.

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    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.

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    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.

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    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”.

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    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.

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    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

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    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

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    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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    Securities / Derivatives

    SFC Expands Listed Structured Fund Offerings in Hong Kong

    By Manesh Samtani | 24/01/2025

    The SFC will allow product issuers to offer single-stock leveraged and inverse products and defined outcome-listed structured funds

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