Hong Kong

ESG / Sustainability

CHKLC to Launch ESG Exam Tailored to HKEX Requirements

By Sanday Chongo Kabange | 31/05/2024

The Chamber of Hong Kong Listed Companies will certify competency to meet HKEX’s requirements on ESG.

Enforcement

HK Jury Convicts Three in Landmark Manipulation Case

By Sanday Chongo Kabange | 30/05/2024

This was the first time an offence under the SFO has been tried at Hong Kong’s Court of First Instance.

ESG / Sustainability

HKMA Launches Beta Platform for Physical Risk Assessments

By Sanday Chongo Kabange | 30/05/2024

The cloud-based platform enables banks to assess the physical risks of climate change on residential and commercial buildings.

Enforcement

SFC Suspends Former RO for 4 Years Over 2019 Share Placement

By Sanday Chongo Kabange | 29/05/2024

The share placement failures were attributable to the former RO’s neglect, gross negligence or recklessness, the SFC said.

Crypto / Digital Assets

SFC Warns of Impending Deadline Under VATP Regime

By Editors | 29/05/2024

The SFC will conduct on-site inspections in the coming months to ascertain compliance by the ‘deemed-to-be-licensed’ VATP applicants.

Market Infrastructure

SFC Issues New Guidance on Offering HK Funds in ADGM

By Sanday Chongo Kabange | 28/05/2024

The guide explains how Hong Kong funds can be offered in the Abu Dhabi Global Market via the UAE fund passporting regime.

Enforcement

SFC Bars Ex-Licensee Over Unlicensed Activity

By Sanday Chongo Kabange | 28/05/2024

The SFC has barred Cheung Wing Hung for 18 months due to a criminal conviction for carrying out unlicensed activities.

AML / KYC

Hong Kong Arrest 20 in Triad-Run Money Laundering Scheme

By Sanday Chongo Kabange | 28/05/2024

The HKPF arrested 20 people for laundering HK$10mn through 17 bank accounts set up by foreign domestic helpers and controlled by triads.

Crypto / Digital Assets

Hong Kong Considers Allowing Staking for Ether ETFs

By Mark Johnston | 27/05/2024

If staking is allowed, ETF investors could earn passive income by locking tokens on the Ethereum network to help validate transactions.