Hong Kong

Crypto / Digital Assets

SFC Announces Next Steps for Hong Kong Virtual Asset Regime

By Manesh Samtani | 28/10/2024

More VATP applicants will be licensed by year-end, and a consultative panel comprising all licensees will be established in 2025 to draw lessons for new licensing frameworks.

Fintech / Regtech

HKMA Finalises Revisions to E-Banking Risk Management Guideline

By Manesh Samtani | 27/10/2024

The revisions incorporate requirements set out in various supervisory documents issued last year to address fraud risk.

Market Infrastructure

HSBC Hong Kong Becomes Direct Participant of China’s CIPS

By Editors | 26/10/2024

The move will make it easier for overseas companies to trade and invest using the Chinese currency by making yuan payments faster and cheaper.

Fintech / Regtech

SFC Extends Parallel Run Period for New e-IP Platform

By Manesh Samtani | 25/10/2024

The SFC said the extension is to facilitate user experience enhancements on the new application and submission system for investment products.

Fintech / Regtech

Hong Kong Digital Banks Gaining Public Trust and Adoption: HKAB

By Mark Johnston | 24/10/2024

A recent survey by the Hong Kong Association of Banks reveals a surge in public trust and awareness of digital banks in the city.

Fintech / Regtech

HKMA Launches Developer Platform for IADS Initiative

By Manesh Samtani | 24/10/2024

The platform provides test data and simulated APIs to facilitate collaboration between banks and tech firms to develop data-driven products and services.

Market Infrastructure

SIX Signs Cooperation MoU With Hong Kong’s CMU OmniClear

By Manesh Samtani | 24/10/2024

SIX and the HKMA subsidiary will cooperate to unlock further cross-border investment opportunities between Switzerland and Hong Kong.

Fintech / Regtech

SFC to Consider Recommendations on Streamlining Workflows

By Manesh Samtani | 24/10/2024

In response to the latest report from the Process Review Panel, the SFC said it would explore expanding WINGS to the Corporate Finance Division.

Fintech / Regtech

SFC Clarifies Information Filing Requirements for New Funds Platform

By Manesh Samtani | 23/10/2024

Fund managers will not be required to file information separately to the IFP’s information portal if they have already filed such information with the SFC.