Securities and Futures Commission

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.

Market Infrastructure

SFC, Exchanges See Blockchain as New Capital Market Backbone

By Georgina Lee | 30/10/2024

Hong Kong now looking at commercialising tokenised instruments to help address the pain points of the traditional financial market, said the SFC’s Elizabeth Wong.

Fintech / Regtech

HKMA Establishes Tokenisation Partnerships with Thailand, Brazil

By Sanday Chongo Kabange | 29/10/2024

The HKMA will collaborate with the central banks of Thailand and Brazil to explore cross-border tokenisation use cases, leveraging the Project Ensemble sandbox.

Crypto / Digital Assets

HK Bank Completes ‘First-of-its-Kind’ Sandbox Test Using Tokenised Deposits

By Sanday Chongo Kabange | 29/10/2024

The simulation covered trading of the tokenised fund unit for its institutional clients and cross-bank settlement using tokenised deposits.

Fintech / Regtech

Hong Kong Sets Policy Approach to AI Development

By Manesh Samtani | 28/10/2024

The Hong Kong government will promote the development of AI in the financial sector, subject to proper governance and risk mitigation being in place.

Crypto / Digital Assets

SFC Announces Next Steps for Hong Kong Virtual Asset Regime

By Manesh Samtani | 28/10/2024

More VATP applicants will be licensed by year-end, and a consultative panel comprising all licensees will be established in 2025 to draw lessons for new licensing frameworks.

Fintech / Regtech

SFC Extends Parallel Run Period for New e-IP Platform

By Manesh Samtani | 25/10/2024

The SFC said the extension is to facilitate user experience enhancements on the new application and submission system for investment products.

Fintech / Regtech

SFC to Consider Recommendations on Streamlining Workflows

By Manesh Samtani | 24/10/2024

In response to the latest report from the Process Review Panel, the SFC said it would explore expanding WINGS to the Corporate Finance Division.

Fintech / Regtech

SFC Clarifies Information Filing Requirements for New Funds Platform

By Manesh Samtani | 23/10/2024

Fund managers will not be required to file information separately to the IFP’s information portal if they have already filed such information with the SFC.