Hong Kong Exchanges and Clearing is introducing new incentives for market participants in the renminbi futures market to support its development.
December 16, 2014Hong Kong regulators have concluded their industry consultation on the record-keeping and reporting rules for over-the-counter derivatives, and noted that the reporting obligation for OTC will be implemented in phases.
November 28, 2014The Hong Kong Monetary Authority said it is removing the daily limit for converting the city’s currency to Chinese yuan when the landmark Shanghai-Hong Kong stock trade program is launched on Monday.
November 13, 2014China has approved a long-awaited Shanghai-Hong Kong Stock Connect scheme, which allows cross-border trade between the two bourses.
November 11, 2014The Hong Kong Monetary Authority and Banque de France have signed an agreement to cooperate in enhancing the offshore renminbi business between the two jurisdictions.
October 29, 2014Hong Kong Monetary Authority has issued the revised capital and liquidity rules for the banking sector in view of the second phase of Basel III requirements which will take effect from January next year.
October 27, 2014The Hong Kong Exchanges and Clearing said there is no firm date for the launch of the much-awaited cross-border stock trading scheme between the Hong Kong and Shanghai bourses.
October 26, 2014Regulatory concerns surrounding the Shanghai-Hong Kong stock connect including the issue of tax on share gains have compelled asset managers and banks to ask the city’s regulator for a month’s notice before implementing the cross-border stock scheme.
October 23, 2014Hong Kong has issued new guidelines for the banking industry on how to meet its data protection obligations amid rising number of complaints against banks’ privacy protection practices.
October 15, 2014The Securities and Futures Commission has warned against inaccurate reports and late filing on short positions, noting that a contravention of rules without a reasonable excuse may constitute a criminal offence.
October 10, 2014