SECURITIES AND FUTURES COMMISSION

Securities / Derivatives

HKMA, SFC Call on Firms to Ensure Readiness for US Move to T+1

By Editors | 28/03/2024

Firms should consider deploying additional staff and or making adjustments to work shifts or working hours to cope.

Crypto / Digital Assets

HSBC Launches Tokenised Gold Product in Hong Kong

By Editors | 28/03/2024

The product allows investors to acquire fractional ownership of physical gold represented by tokens recorded on a distributed ledger.

ESG / Sustainability

Hong Kong Reinforces Commitment to ISSB-aligned Sustainability Disclosures

By Editors | 26/03/2024

The HKICPA will lead the work to develop local sustainability reporting standards along with complementary application and implementation guidance.

Securities / Derivatives

HKMA, SFC Planning Sept 2025 Rollout of New Derivatives Reporting Regime

By Manesh Samtani | 25/03/2024

HKMA and SFC propose to adopt a ‘big bang’ approach to implementation, rolling out the UTI, UPI, CDE and ISO 20022 requirements on 29 September 2025.

Enforcement

HK Court Jails Retail Trader for Fraud Involving Naked Short Selling

By Sanday Chongo Kabange | 21/03/2024

In the first case of securities fraud involving illegal short selling in Hong Kong, a retail trader was sentenced to 18 months imprisonment.

AML / KYC

SFC Issues Fresh Warning Against Unlicensed Crypto Firm MEXC

By Sanday Chongo Kabange | 18/03/2024

This is the second warning the SFC has issued against MEXC. Regulators in Korea, Japan, India and Germany have also warned against MEXC.

Crypto / Digital Assets

SFC Issues Warning Against Crypto Products from Bybit

By Sanday Chongo Kabange | 15/03/2024

The warning refers to the Seychelles company Bybit Fintech Limited, and not the HK-incorporated Spark Fintech Limited, which has applied for an SFC licence.

Crypto / Digital Assets

Crypto Major OKX Wins In-principle Approval in Singapore

By Ranamita Chakraborty | 14/03/2024

OKX will focus on spot products first while it works to bring local banking connections to customers “as soon as possible”.

Market Infrastructure

SFC Chairman Proposes Adjustment to Stock Connect Threshold

By Editors | 11/03/2024

SFC Chairman Tim Lui has asked mainland policymakers to lower the minimum asset requirement for mainlanders to invest in Hong Kong via Stock Connect.