ADVERTISEMENT
Enforcement
Shenzhen Regulator Launches Probe into Evergrande Wealth
By Editors | 29/09/2021
The Shenzhen Financial Regulatory Bureau said a “thorough investigation” into Evergrande Wealth has been launched following investor demands for an inquiry.
Fintech / Regtech
Central Banks Create Prototype Platform for mCBDC Settlements
By Sanday Chongo Kabange | 28/09/2021
The prototype platform was able to complete international transfers and foreign exchange operations in seconds while also lowering the cost of cross-border operations.
Market Infrastructure
20 HK Banks Apply to Participate in Wealth Connect – Report
By Editors | 28/09/2021
Balanced funds, money market funds, equity and bond funds are reportedly among the more than 100 types of investment funds awaiting the HKMA’s approval.
Fintech / Regtech
HKMA Issues Guide on Regtech Adoption for GRC
By Sanday Chongo Kabange | 28/09/2021
The guide outlines common challenges associated with regtech adoption for GRC and describes how successful firms have addressed these challenges.
AML / KYC
HKMA Identifies AML/CFT Gaps in Stored Value Facilities
By Sanday Chongo Kabange | 27/09/2021
The HKMA flagged issues related to risk assessments, business partner arrangements, customer risk assessments, and transaction monitoring.
Market Infrastructure
Southbound Bond Connect Trading Officially Launched
By Manesh Samtani | 26/09/2021
More than 40 mainland institutional investors and 11 Hong Kong market makers participated in the first day of trading.
Capital / Liquidity
Hong Kong Further Extends Three Loan Support Schemes
By Editors | 21/09/2021
The 100% Personal Loan Guarantee Scheme, SME Financing Guarantee Scheme, and Pre-approved Principal Payment Holiday Scheme are being extended.
Market Infrastructure
HKMA Names Market Makers for Southbound Bond Connect
By Editors | 18/09/2021
The designated market makers were selected based on several criteria, including their Hong Kong bond market activities and their counterparty networks with Mainland FIs.
HKMA Finds Gaps in How Banks Sell Tax Deductible Products
By Sanday Chongo Kabange | 15/09/2021
Some banks did not ensure the products were suitable, or did not explain product features and risks to customers.
Market Infrastructure
Southbound Bond Connect to Launch on 24 September
By Editors | 15/09/2021
Southbound trading under Bond Connect will have an initial daily quota of CNY 20 billion and an annual quota of CNY 500 billion.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team