The FSDC recommends the development of legislation to provide legal certainty and protection, clarity on cross-border data transfers, and a framework for accountability.
June 16, 2021Executives who have relocated to Singapore or Tokyo have reportedly received phone calls from Hong Kong government agencies and regulators seeking explanations for the decisions.
January 28, 2021The framework will take effect from 1 January 2021. The additional regulatory requirements for D-SIBs have not yet been announced.
December 7, 2020The FSDC will strictly investigate any bond issuer suspected of fraudulent issuance, false disclosure, malicious transfers of assets, or misappropriation of funds.
November 24, 2020Once the new A-share based derivatives products are launched in Hong Kong, they should be opened up to Mainland investors via Stock Connect.
September 24, 2020The Financial Industry Recruitment Scheme for Tomorrow scheme aims to create 1,500 full-time jobs in the financial services industry.
September 6, 2020The specialised agency was proposed in 2017 by then finance minister Arun Jaitley. On Saturday, Prime Minister Narendra Modi said India will soon have a new cyber security policy.
August 20, 2020The proposed reforms would allow financial services groups operating in Hong Kong to offset the profits of one group company against losses in another.
August 10, 2020The Financial Services Development Council has identified four areas where reform is needed to make Hong Kong a “more conducive operating environment” for family offices.
July 16, 2020The FSDC set out measures to speed up investigations and criminal prosecutions, increase penalties and civil compensation, and improve stock market delisting mechanisms.
July 15, 2020