SECURITIES AND FUTURES COMMISSION

Enforcement

SFC Imposes 15-Year Ban on Former Hedge Fund Exec

By Sanday Chongo Kabange | 07/11/2024

The SFC barred the former chief investment officer of a hedge fund from re-entering the industry for 15 years for false trading.

Crypto / Digital Assets

Hong Kong Broker to Launch ‘Virtual Asset Structured Products’

By Editors | 06/11/2024

Victory Securities said the SFC has granted it approval to market and distribute “cash-settled virtual asset structured products” to qualified professional investors.

Crypto / Digital Assets

Hong Kong’s OSL Group Expanding to Japan via Acquisition

By Thisanka Siripala | 06/11/2024

OSL Group is acquiring an 81 percent stake in Japanese crypto exchange CoinBest, enabling it to enter the Japanese market.

AML / KYC

SFC Calls for Responsible Adoption of Regtech for AML Fight

By Sanday Chongo Kabange | 05/11/2024

In a survey of licensed corporations, 80 percent said regtech adoption and utilisation has improved their AML capabilities.

Securities / Derivatives

SFC, CSRC Announce First Batch of Brokers Eligible for WMC Scheme

By Manesh Samtani | 02/11/2024

The list includes the likes of CICC, China Merchants Securities, CITIC Securities, Guotai Junan Securities, and Huatai Securities.

Securities / Derivatives

SFC Sets May 2025 Effective Date for New Market Sounding Guidelines

By Manesh Samtani | 01/11/2024

The SFC has narrowed the scope of the market sounding guidelines and clarified some requirements in response to market feedback.

Market Infrastructure

HKEX to Open Office in Saudi Arabia Next Year

By Sanday Chongo Kabange | 31/10/2024

The SFC separately published guidance explaining how Hong Kong asset managers can offer their funds in the Saudi Arabian market.

Securities / Derivatives

Saudi Arabia Lists First Hong Kong Focused ETFs

By Sanday Chongo Kabange | 31/10/2024

The new ETF initially raised more than $1.2bn and became the largest ETF in the Middle East upon listing on the Saudi Exchange.

Crypto / Digital Assets

Hong Kong Considering Tax Breaks to Promote Virtual Asset Market

By Manesh Samtani | 30/10/2024

Christopher Hui said the government will introduce further tax concessions for fund managers and family offices to promote the development of certain asset classes, including virtual assets.