The dedicated regulatory sandbox is part of government efforts to establish GIFT City as 'world class' fintech hub.
May 4, 2022Information sharing will be allowed between FIs that do not have group relations, provided that the data sharing model is first reviewed and approved by the FSC.
May 3, 2022Banks, insurers, brokers and foreign FIs are urged to establish licensed fund management companies. Fund investment channels will be expanded and operational rules relaxed.
May 3, 2022MAS' latest enforcement report includes a new section providing updates on cases relating to Noble Group, Hyflux, Eagle Hospitality Trust, and Hui Xun Asset Management.
April 29, 2022Regulated intermediaries are asked to get ready for the testing, which is mandatory. The HKIDR is expected to be implemented in the later part of Q4 2022.
April 27, 2022The regulations simplify bond listing requirements, promote greater market participation, and create a more standardised and transparent bond market.
April 25, 2022Firms with securities businesses are expected to draw lessons from the shortcomings observed in the Archegos incident in order to foster a sound risk culture.
April 24, 2022The new series of financial industry standards cover data governance of fund companies, carbon financial products, and mobile app design.
April 23, 2022Etelka Bogardi and Amy Chung say Hong Kong's efforts to regulate the crypto sector and stablecoin market are on the whole in line with international trends while leaving room for further development.
April 20, 2022China’s internet finance, banking and securities associations have outlined six measures to curb "NFT financialisation and securitisation" and prevent NFT-related illegal activity.
April 18, 2022