Securities and Futures Commission

ESG / Sustainability

Hong Kong Advances Work to Develop Green Finance Capacity, Talent

By Editors | 21/06/2022

Hong Kong will develop a GHG emissions estimation tool, a green classification framework, and adopt the ISSB standards when they’re ready.

AML / KYC

SFC Fines China Everbright Securities for AML/CFT Violations

By Editors | 16/06/2022

Unrelated clients received deposits from the same third party within four days, and then used the funds to trade in the same stock.

Enforcement

SFC Proposes SFO Revisions to Improve Enforcement Tools

By Sanday Chongo Kabange | 13/06/2022

The amendments relate to SFO provisions on remedial orders, insider dealing, and advertising of investment products.

Crypto / Digital Assets

Hong Kong SFC Issues Warning on NFT-related Risks

By Editors | 06/06/2022

Some NFTs have ‘crossed the boundary’ between a collectible and a financial asset, which would bring them under the SFC’s remit and require licensing.

Securities / Derivatives

HKEX to Revise Position Limits for Single Stock Options, Futures

By Editors | 02/06/2022

HKEX also proposes to remove the additional position limits that apply to mini-HSI and mini-HSCEI futures and options contracts.

Market Infrastructure

CSRC, SFC Outline Plans to Include ETFs in Stock Connect

By Manesh Samtani | 30/05/2022

Preparation for formal implementation will take about two months. ETF eligibility criteria have been published by HKEX, SSE and SZSE for consultation.

Securities / Derivatives

HKMA Directs Banks to Comply with New Rules for Trust Business

By Editors | 29/05/2022

Banks and their subsidiaries have until 1 June 2023 to comply with new regulatory requirements for their trust business and related activities.

Enforcement

HK ICAC Charges Ex-Sunway Employee for Money Laundering

By Editors | 19/05/2022

A former personal assistant helped his boss to launder HKD 125 million borrowed from listed company Sunway International Holdings.

Fintech / Regtech

SFC Grants In-principle Approval to HashKey Crypto Platform

By Manesh Samtani | 30/04/2022

HashKey’s platform will offer trading, brokerage and automated trading services for cryptocurrencies, virtual commodities, stablecoins and security tokens.