Payments & Settlements

China, Hong Kong Set to Allow Quarantine Free Travel

14/12/2022

Travellers to Hong Kong will be allowed to visit restaurants and bars on arrival. Travellers to the Mainland will no longer have to quarantine.

Tokenisation

HashKey, ZA International to Cooperate on Digital Assets

14/12/2022

The two groups will cooperate on digital assets, Web3 and DLT. ZA International recently unveiled plans to tokenise its ZA Coin.

Credit Risk

CBIRC Issues Draft Rules on Country Risk Management

14/12/2022

The draft rules propose a unified standard for measuring country risk, as well as new provisioning requirements to align with new accounting standards.

Capital Adequacy

ECB to Raise UniCredit Capital Requirement Due to Russia Risks

14/12/2022

UniCredit still has some cross-border exposure to Russia and operates in some markets that are reliant on disrupted supplies of natural gas.

Cryptocurrency

SFC Issues Fresh Warning About Virtual Asset Risks

14/12/2022

The SFC warns that virtual asset platforms may on-lend customer assets or them in investment or other activities, which could potentially lead to a “total loss”.

Anti-Bribery & Corruption

UK Police Arrest Chinese Tycoon on US Bribery Charges

14/12/2022

The co-chairman of Chinese real estate firm Guangzhou R&F Properties is accused of paying bribes to San Francisco authorities from 2015 through 2020.

Trading & Investment

HKEX Releases Details on Proposed Dual Counter Model

14/12/2022

Market makers and liquidity providers for the dual counter model will be onboarded starting in the first half of 2023.

Sustainable Finance

ISDA Launches Standard Definitions for Voluntary Carbon Markets

14/12/2022

The new documentation will bring greater legal certainty and consistency to trading in verified carbon credits, ISDA says.

Sustainable Finance

Hong Kong Launches Green Finance Training Subsidy Programme

14/12/2022

Eligible programmes include courses offered provided by Friends of the Earth HK, GARP, HKIB, ICMA, HKGFA, and CFA Institute, among others.