New guidelines require the use of biometric authentication systems to prevent password sharing among managers and employees.
January 18, 2023Futu Holdings and Tiger Brokers have been offering offshore trading services to mainland clients though they are not licensed in China.
January 4, 2023New licensing regime for VASPs will start on 1 June 2023. New registration regime for precious metals dealers will start on 1 April 2023.
December 8, 2022The regulator said some financial leasing companies have been carrying out "credit-like" business in disguise, by buying low-value leased objects at high prices.
December 7, 2022The bill, if passed, will require crypto exchanges to segregate users’ assets, buy insurance against hacking, and compensate users for unexpected withdrawal halts.
December 1, 2022ACRA is empowered to conduct inspections on accounting entities, compel them to remediate lapses identified, and impose sanctions when necessary.
October 7, 2022FSS investigations have so far involved 82 corporates and 12 banks. The total value of abnormal FX transactions discovered is now $7.2bn.
September 29, 2022A CBIRC circular outlines the measures it will take to align with CCP objectives, following inspections on the regulator carried out last year.
September 18, 2022PCAOB inspectors will be on the ground in Hong Kong by mid-September to conduct their inspections of auditors of US-listed Chinese firms.
August 29, 2022October inspections will focus on firms with high volumes of short selling transactions. Probe into crypto-related FX transactions still underway.
August 17, 2022