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Enforcement
SFC Fines Hedge Fund Manager for Naked Short Selling
By Editors | 19/04/2019
Nine Masts Capital sold shares in Yuzhou Properties in May 2015 before a share placement was complete, based on verbal confirmation of its allotment.
ESG / Sustainability
Hong Kong’s SFC Releases Guidance on Green Funds Disclosure
By Editors | 15/04/2019
The SFC has set out its disclosure expectations for fund managers claiming a green or ESG focus in their investment products, in a bid to facilitate informed decision making by investors.
Capital / Liquidity
SFC Finalises Guidelines on Securities Margin Lending
By Editors | 05/04/2019
The guidelines will take effect in October, requiring brokers to limit margin lending to five times their capital, among other controls to reduce excessive leverage.
ESG / Sustainability
SFC’s Alder Speaks on “Greening the Financial System’
By Editors | 27/03/2019
The financial sector will have a critical role to play in channelling investment towards sustainable projects on a global scale, said SFC chief Ashley Alder at the Bloomberg BuySide Summit.
Securities / Derivatives
SFC Orders Brokers to Freeze Client Assets in Market Manipulation Case
By Editors | 22/03/2019
The prohibition orders as part an investigation into suspicious trading which appeared to create a false market in China Ding Yi Feng shares leading to an “irrationally high share price”.
Securities / Derivatives
SFC Extends Compliance Deadline for New Rules on Complex Products
By Editors | 20/03/2019
The SFC has extended the deadline for compliance with new rules requiring firms to ensure client suitability when selling complex products by two months.
Enforcement
SFC Fines BOCI Securities for ‘Systemic Deficiencies’ in Selling Practices
By Editors | 19/03/2019
BOCI Securities failed to comply with requirements relating to client profiling, product due diligence, and suitability assessment in its sale and distribution of investment products.
Enforcement
SFC Fines UBS and Others HK$787mn for IPO Sponsor Failures
By Manesh Samtani | 15/03/2019
“The sanctions send a strong and clear message to the market that we will not hesitate to hold errant sponsors accountable for their misconduct,” said SFC chief Ashley Alder.
Enforcement
UBS, StanChart to Settle Hong Kong IPO Misconduct Case
By Editors | 12/03/2019
The case goes back to the 2009 listing of a Chinese timber company, which was later suspended for accounting irregularities. Details of the settlement will be released at a later date.
Market Infrastructure
HKEX Three Year Plan Lays Out Global Ambitions
By Manesh Samtani | 01/03/2019
HKEX plans to introduce A-share futures, expand the stock and bond connect schemes, enable remote market access for Asia Pacific brokers, and modernise its operations.
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