Hong Kong

Enforcement

Hong Kong Court Jails Former China Taiping Agent for Fraud

By Sanday Chongo Kabange | 30/09/2024

The former insurance agent received over HK$650,000 in remuneration for insurance policy applications that turned out to be falsified.

Market Infrastructure

HKMA, SFC Finalise Details for New Derivatives Reporting Regime

By Manesh Samtani | 29/09/2024

The UTI, UPI, CDE, LEI and ISO 20022 will be required under Hong Kong’s OTC derivatives reporting regime from 29 September 2025.

Crypto / Digital Assets

Hong Kong Exchange Lists First Digitally Native Notes

By Editors | 29/09/2024

The one-year HKD denominated digitally native notes were issued by HSBC, leveraging the HSBC Orion platform.

Market Infrastructure

HK to Advance Paperless Corporate Communications Regime

By Sanday Chongo Kabange | 28/09/2024

Listed and non-listed companies will be allowed to rely on implied consent for disseminating corporate communications via websites.

Hong Kong FSDC, Beijing Financial Bureau Sign Collaboration Pact

By Sanday Chongo Kabange | 26/09/2024

The pact seeks to nurture a conducive environment for growth and innovation for the Hong Kong and Beijing financial sectors.

Enforcement

SFC Imposes Six Month Ban on Former Goldman Trader

By Mark Johnston | 25/09/2024

The former trader tried to dishonestly conceal a trade execution error, in breach of the Code of Conduct.

Enforcement

SFC Suspends Ever-Long Securities Director for Sponsor Failures

By Mark Johnston | 25/09/2024

The SFC said the former RO breached the Code of Conduct and failed to exercise due skill, care, and diligence in sponsor work.

Market Infrastructure

Navigating Hong Kong’s New Critical Infrastructure Cybersecurity Framework

By Albert Yuen | 25/09/2024

Albert Yuen and Jasmine Yung at Linklaters discuss the proposed new Cybersecurity CI Framework and implications for critical infrastructure operators.

Capital / Liquidity

Major HK Banks Can Handle Risks from Property Loans – S&P Global

By Manesh Samtani | 24/09/2024

Property market strains are “manageable” for large Hong Kong banks, though small and midsize banks with concentrated CRE exposures could face pressure.