Hong Kong

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.

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

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

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.

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

AML / KYC

HKMA Publishes Banking Sector Priorities for 2025

By Sanday Chongo Kabange | 24/01/2025

The HKMA’s 2025 workplan includes measures to safeguard the banking sector from financial crime, credit risk and cyber risk.

Securities / Derivatives

HKMA Launches Direct Bond Market Linkage With Macau

By Manesh Samtani | 22/01/2025

The linkage will enable investors from both sides to participate in each other’s bond market with greater ease and efficiency

Market Infrastructure

LME Approves Hong Kong as a Metals Warehouse Location

By Sanday Chongo Kabange | 21/01/2025

The approval of Hong Kong as a warehouse location aligns with the city’s efforts to bolster its role in global commodities trading

Market Infrastructure

HKMA Offers Guidance on Implementing Operational Resilience Requirements

By Sanday Chongo Kabange | 21/01/2025

The guidance focuses on mapping interdependencies and scenario testing, to help banks meet a May 2026 deadline for becoming operationally resilient