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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.

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”.

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
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