SECURITIES AND FUTURES COMMISSION

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    Securities / Derivatives

    HKEX Eases Rules for Specialist Tech Listings, De-SPAC Transactions

    By Sanday Chongo Kabange | 26/08/2024

    The SFC and HKEX said the adjustments were made to address the change in market conditions since the regimes were introduced.

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    Crypto / Digital Assets

    SFC Finds ‘Unsatisfactory Practices’ at Some Crypto Firms

    By Editors | 23/08/2024

    The SFC found an overreliance on just a few executives for custody and inadequate safeguards against cybercrime risks.

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    AML / KYC

    Hong Kong, Macao Authorities Arrest Seven in Joint Operation

    By Sanday Chongo Kabange | 23/08/2024

    The SFC, ICAC and the Macao Judiciary Police arrested seven individuals for suspected fraud, including the chairman of a listed company.

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    Market Infrastructure

    HK Securities Firms Set to be Added to Wealth Connect Scheme

    By Editors | 22/08/2024

    Ten securities companies including China CITIC Securities, CICC, Huatai Securities and GF Securities will initially be added to the scheme.

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    Enforcement

    SFC Lifts Suspension of Changjiang Corporate Finance

    By Sanday Chongo Kabange | 20/08/2024

    The SFC said it is satisfied that Changjiang’s sponsor business now has adequate systems, controls, policies and procedures to enable compliance.

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    Fintech / Regtech

    Hong Kong SFC Proposes to Abolish Mixed Media Offers

    By Sanday Chongo Kabange | 19/08/2024

    The SFC says MMOs have become “obsolete” since the introduction of the paperless listing and subscription regime in 2021.

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    Fintech / Regtech

    HKMA Launches New GenAI Sandbox at Hong Kong Cyberport

    By Sanday Chongo Kabange | 14/08/2024

    HKMA CEO Eddie Yue said sandbox will empower banks to pilot their novel GenAI use cases within a risk-managed framework.

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    Enforcement

    Ex-China Forestry Execs Found Culpable of Market Misconduct

    By Sanday Chongo Kabange | 08/08/2024

    Former CEO and former chairman culpable for disclosing false information in China Forestry’s IPO prospectus, annual results, and annual report in 2008 and 2009.

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    Enforcement

    HK Court Convicts Ex-Sunway Employee for Money Laundering

    By Sanday Chongo Kabange | 06/08/2024

    The former PA helped his boss to launder HK$125mn that was unlawfully obtained through loans from HK-listed Sunway Intl Hldgs.

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    Crypto / Digital Assets

    Futu Launches Crypto Services for Hong Kong Retail Investors

    By Editors | 03/08/2024

    Futu Securities International is the first online broker in Hong Kong to offer crypto trading services to retail investors.

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