Hong Kong

AML / KYC

HKMA to Help Banks Deploy AI for Transaction Monitoring

By Sanday Chongo Kabange | 16/05/2025

HKMA has received submissions from banks describing their progress to incorporate AI in their transaction monitoring systems.

Market Infrastructure

HK SFC, Abu Dhabi FSRA Enhance Cross-Border Investment Supervision

By Sanday Chongo Kabange | 15/05/2025

The SFC and Abu Dhabi’s FSRA will cooperate on supervision of investment managers of collective investment schemes based in either market.

Securities / Derivatives

HK SFC Agrees Funds Recognition Framework With Ireland

By Sanday Chongo Kabange | 15/05/2025

The agreement allows the distribution of eligible HK and Irish public funds in each other’s markets via the new FASTrack process.

Market Infrastructure

HK and Ontario Deepen Cross-Border Investment Management Supervision

By Sanday Chongo Kabange | 14/05/2025

The SFC and OSC will collaborate on the supervision of CIS investment managers operating in Hong Kong and Canada.

Sanctions

US Sanctions Asia Entities Facilitating Iran Oil Shipments to China

By Manesh Samtani | 14/05/2025

The sanctions include nine targets based in Hong Kong, three based in mainland China, and two based in Singapore.

Securities / Derivatives

China to Boost Financial Connectivity for Guangzhou’s Nansha District

By Manesh Samtani | 13/05/2025

Regulators announced a 30-point plan to boost financial ties between Nansha, Hong Kong, and Macao and foster Greater Bay Area growth.

Enforcement

SFC Fines Sino-Rich Securities, Suspends Exec Over Margin Lending Failures

By Editors | 13/05/2025

The SFC said Sino-Rich Securities had inadequate documentation and enforcement of margin lending policies.

ESG / Sustainability

HKMA Launches 2025 Green Fintech Competition

By Editors | 12/05/2025

The focus will be on five themes, including climate risk modelling, carbon market analytics, and sustainable investing, among others.

Sanctions

UK Targets Russian Shadow Fleet with New Sanctions Package

By Manesh Samtani | 11/05/2025

The new sanctions package targets “up to 100 oil tankers” as well as several individuals and entities, including two Hong Kong-based companies.