SECURITIES AND FUTURES COMMISSION

Market Infrastructure

SFC, HKMA Find Deficient Practices in Investment Product Sales

By Manesh Samtani | 19/04/2024

A thematic review highlighted issues with product due diligence methodologies and a lack of understanding of certain structured products.

Enforcement

SFC Orders Trading Suspension of Listed Fruit Products Seller

By Editors | 16/04/2024

The company was earlier ordered to reconstitute its board of directors and engage an independent manager over more than $60m in missing funds.

Crypto / Digital Assets

SFC Grants First In-Principle Approvals to Spot Crypto ETFs

By Editors | 15/04/2024

At least three firms have received conditional approval to launch spot bitcoin and ether ETFs and are now expected to file listing applications.

Crypto / Digital Assets

Crypto Firms Question Viability of Operating in Hong Kong – Report

By Sanday Chongo Kabange | 13/04/2024

Hong Kong’s regime has restrictions that limit access to overseas investors, raising doubts about long-term business viability.

Securities / Derivatives

SFC Reviewing HKEX Proposal to Enhance Clearing Flexibility

By Editors | 12/04/2024

HKEX enhanced its third party clearing arrangements for futures trades in 2022. A proposal submitted to the SFC would do the same for stock and options trades.

Securities / Derivatives

SFC Issues Guidance on Offering Hong Kong Funds in UAE

By Mark Johnston | 11/04/2024

The SFC published an information sheet providing guidance on how Hong Kong funds can be offered to investors in the DIFC and the UAE more broadly.

Enforcement

SFC Secures Court Orders Against Former Company CFO

By Sanday Chongo Kabange | 10/04/2024

The former CFO was ordered to pay compensation of HK$163mn, the full amount that was misappropriated by the former chairman.

Crypto / Digital Assets

China Asset Management Applies to Launch Spot Bitcoin ETF in HK

By Editors | 09/04/2024

China Asset Management, one of the Mainland’s largest asset management companies, also has a cooperation agreement with HashKey.

Securities / Derivatives

FSC Korea Unveils Incentives for ‘Corporate Value-up Programme’

By Editors | 03/04/2024

Companies that improve their corporate governance structures may receive exemptions from Korea’s stringent auditor designation requirements.