Hong Kong

    image

    Hong Kong MPFA Consults on “Full Portability” Mechanism for Pensions

    By Sanday Chongo Kabange | 03/04/2025

    MPFA puts forward 2 proposals to implement “full portability”, which will allow employees freedom to transfer benefits accrued from employers’ contributions to a new provider of their choice.

    image

    Securities / Derivatives

    SFC Adjusts Eligibility Criteria for OFC and REIT Grant Scheme

    By Sanday Chongo Kabange | 03/04/2025

    The scheme will still cover 70 percent of eligible expenses paid to Hong Kong-based service providers to set up OFCs and REITs, but the caps are lower.

    image

    Sanctions

    US Sanctions China, Hong Kong Officials Over NSL Implementation

    By Manesh Samtani | 02/04/2025

    Six officials were sanctioned for engaging in “actions or policies that threaten to further erode the autonomy of Hong Kong”.

    image

    AFRC Sets Out Strategic Priorities for 2025-2027

    By Sanday Chongo Kabange | 02/04/2025

    AFRC’s three-year strategic plan considers rapid advancements in technology, especially relating to AI, and an increasing focus on sustainability.

    image

    AML / KYC

    HKMA Seeking “System Reset” to Enhance Response to Financial Crime

    By Manesh Samtani | 02/04/2025

    HKMA to work with banks on AI adoption action plans, develop a payment data analytics solution, and support greater information sharing.

    image

    Fintech / Regtech

    Hong Kong PCPD Issues Guidance on Employee Use of GenAI

    By Sanday Chongo Kabange | 02/04/2025

    The guidance is intended to help organisations in developing internal policies on the use of GenAI by employees to execute their responsibilities.

    image

    AML / KYC

    Hong Kong Gazettes Bill to Facilitate Financial Crime Info-Sharing

    By Sanday Chongo Kabange | 01/04/2025

    The bill proposes to introduce a voluntary mechanism for AIs to share information through secure HKMA-designated platforms.

    image

    Fintech / Regtech

    SFC Launches New AI Market Scanning Detection Model

    By Sanday Chongo Kabange | 01/04/2025

    The SFC is using AI-empowered analytics to identify red flags in listed companies early, so that issues can be addressed before they escalate.

    image

    HKMA Launches New Banking Regulatory Document Repository

    By Sanday Chongo Kabange | 01/04/2025

    The new portals are designed to facilitate the dissemination of regulatory documents to the public and to AIs.

    image

    AML / KYC

    HKMA Ask Banks to Heed SFC Guidance on IPO Financing

    By Sanday Chongo Kabange | 31/03/2025

    Banks are directed to comply with new SFC guidance on IPO financing, particularly the investor identification requirement under FINI.

    JOIN OUR NEWSLETTER

    An exclusive weekly selection of top stories from the Regulation Asia editorial team.