Hong Kong

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.

ESG / Sustainability

HKMA Launches “Action Agenda” to Promote Sustainable Finance

By Manesh Samtani | 22/10/2024

Under the Sustainable Finance Action Agenda, banks are required to achieve net zero in their operations by 2030, and in their financed emissions by 2050.

Securities / Derivatives

SFC Announces Fast Track Process for Simple Fund Authorisations

By Manesh Samtani | 22/10/2024

Under FASTrack, the SFC will take up applications within five business days of receipt, and grant authorisation within 10 business days from the take-up date.

Fintech / Regtech

Hong Kong’s AI Leap: Exploring the New Model Framework

By Daniel Ng | 22/10/2024

Daniel Ng, Charlton Lin and Gigi Chang discuss the PCPD’s Model Personal Data Protection Framework for AI and the future regulatory landscape for AI and data security in Hong Kong.