Securities and Futures Commission

Securities / Derivatives

SFC, HKMA Release Findings on Investment Product Sales

By Editors | 08/10/2021

Firms sold investment products with an aggregate transaction amount of HKD 5.7 trillion during 2020, with the participation of over 700,000 investors.

Market Infrastructure

Hong Kong Announces Initiatives to Bolster Financial Hub Status

By Manesh Samtani | 07/10/2021

Chief Executive Carrie Lam announced measures to improve the stock market listing regime and enable RMB-denominated securities in Hong Kong.

Market Infrastructure

SFC Issues New Guidance on Remote Working Risks

By Manesh Samtani | 05/10/2021

The SFC describes incidents that occurred due to failures to split teams amid the pandemic, set up phone recording, and promptly isolate a server compromised by ransomware.

Enforcement

Enforcement Should Drive Good Conduct, says HKEX’s Jon Witts

By Manesh Samtani | 28/09/2021

HKEX’s approach to enforcement is designed to drive better conduct, governance and compliance culture, says Head of Listing Enforcement Jon Witts.

Enforcement

HK Court Convicts Former Convoy Executives for Fraud

By Editors | 21/09/2021

Former Convoy executives conspired to dishonestly arrange for bond placement commissions to be diverted to a company they substantially owned.

AML / KYC

SFC Finalises AML Guidelines for Securities Sector

By Manesh Samtani | 15/09/2021

The guidelines will take effect on 30 September, except for the new cross-border correspondent relationships requirements, which take effect six months later.

Securities / Derivatives

Hong Kong SPAC Framework to Prohibit Retail Access – Report

By Editors | 12/09/2021

Hong Kong’s SPAC framework will reportedly be issued for public consultation this month, proposing that only professional investors be allowed to participate.

ESG / Sustainability

Hong Kong Explores Role in Unified GBA Carbon Market

By Sanday Chongo Kabange | 08/09/2021

Hong Kong is exploring opportunities to establish a unified carbon market in the Greater Bay Area, leveraging the Guangdong ETS and Shenzhen ETS.

Securities / Derivatives

Deutsche Bank Reinstated as IPO Sponsor in Hong Kong

By Editors | 03/09/2021

The SFC has approved three new Deutsche Bank hires who can act as IPO sponsor principals, after its licence was suspended in July due to a staffing gap.