HONG KONG

AML / KYC

HKMA Refines Rules for Onshore RMB Cross-Border Trade Conversion

By Sanday Chongo Kabange | 30/06/2025

HKMA has updated rules for CNY cross-border trade conversions, clarifying bank obligations under the RMB settlement scheme.

AML / KYC

Hong Kong Consults on Virtual Asset Rules for OTC Dealing and Custodians

By Sanday Chongo Kabange | 30/06/2025

FSTB and SFC are consulting on virtual asset regulatory regimes for OTC trading services and custodian services.

AML / KYC

HKMA Offers Favourable Liquidity Treatment for ‘Money Safe’ Deposits

By Manesh Samtani | 30/06/2025

HKMA will allow deposits locked in the new anti-scam feature to be treated as more stable for liquidity calculations.

AML / KYC

Hong Kong Rules Out Bespoke Regime for Family Offices

By Manesh Samtani | 30/06/2025

Hong Kong will rely on existing activity-based licensing and AML laws to police the sector, while enhancing tax breaks.

AML / KYC

Hong Kong Police Arrest Eight Involved in Share Sale Scams

By Editors | 28/06/2025

HK police have arrested eight individuals in connection with two phishing schemes targeting over 130 investors, resulting in HK$46 million in losses.

Crypto / Digital Assets

Hong Kong Unveils Second Policy Statement on Digital Assets Development

By Sanday Chongo Kabange | 27/06/2025

The latest policy statement on digital assets development introduces the so-called "LEAP" framework and builds on the 2022 policy.

Enforcement

Hong Kong ICAC Charges Ex-HSBC Bankers with Bribery

By Sanday Chongo Kabange | 27/06/2025

Former HSBC bank employees and intermediaries accept bribes for assisting clients of the intermediaries to open bank accounts.

Securities / Derivatives

China Launches First Offshore Gold Vault in Hong Kong

By Manesh Samtani | 27/06/2025

The Shanghai Gold Exchange also listed its first gold contracts on its International Board that can be delivered in Hong Kong.

Market Infrastructure

HKMA, AIIB Agree to Support Emerging Asia Venture Capital

By Sanday Chongo Kabange | 27/06/2025

HKMA and AIIB will collaborate to invest in a portfolio of VC funds that prioritise green technology across emerging markets in Asia.