HONG KONG MONETARY AUTHORITY

    Fintech / Regtech

    Huobi Seeks to Launch Retail Crypto ETF in HK

    By Manesh Samtani | 30/03/2022

    Huobi Tech has structured the ETF so that it won’t be restricted to just professional investors, possibly through the use of crypto futures listed on overseas exchanges.

    Fintech / Regtech

    HKMA Issues Additional Guidance for SVF Licensees

    By Editors | 28/03/2022

    New practice note offers guidance on governance, outsourcing, internal controls, technology risk, and business conduct, among other areas.

    Fintech / Regtech

    Greening Asia Through Data and Regulation

    By Steven Yankelson | 09/03/2022

    Effective and efficient ESG risk management and reporting practices can be enabled through better data and technology, says Steven Yankelson.

    HKMA Seeks to Reassure Bankers Over Covid Restrictions

    By Editors | 07/03/2022

    Concerns are mounting over closed schools and bars, banned flights, and a plan to launch a mass testing programme that may be coupled with a citywide lockdown.

    ESG / Sustainability

    APRA to Survey Regulated Entities on Climate Risk Management

    By Sanday Chongo Kabange | 03/03/2022

    The survey will assess the alignment between current approaches used by regulated entities and the expectations set out in CPG 229 and the TCFD recommendations.

    Securities / Derivatives

    Eight SPACs Have Filed IPO Applications in Hong Kong

    By Sanday Chongo Kabange | 02/03/2022

    The first applicant, backed by CMB International, has been approved. The latest applicant is a SPAC majority owned by ex-HKMA chief Norman Chan.

    Securities / Derivatives

    SFC’s New Rules on Bookbuilding & Placing Activities: What to Know

    By Alan Linning | 02/03/2022

    Alan Linning and Susanne Harris explain the new requirements and offer guidance on next steps for intermediaries to prepare for compliance by August.

    Enforcement

    SFC Permanently Bans Ex-HSBC Employee Over Bribery Convictions

    By Editors | 02/03/2022

    The former vice president accepted gifts as inducements to handle credit applications and maintain the credit facilities for two companies controlled by a client.

    Securities / Derivatives

    SFC, HKMA Launch Joint Review of Investment Product Selling Practices

    By Editors | 02/03/2022

    The review’s objectives are to assess intermediaries’ compliance with requirements to perform product due diligence, conduct suitability assessments and provide information to clients.

    AML / KYC

    The SFC Approach to Virtual Assets Prioritises Investor Protection

    By Manesh Samtani | 28/02/2022

    Since 2018, the steps taken by the SFC to regulate the virtual asset space have prioritised investor protection, first and foremost.

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