Hong Kong

Market Infrastructure

HSBC Completes Pilot Trial of Cross-Boundary Credit Referencing

By Sanday Chongo Kabange | 03/07/2024

HSBC is one of the first banks to successfully participate in the newly-launched cross-boundary credit referencing initiative led by the HKMA and the PBOC.

Market Infrastructure

Hong Kong AFRC Sets Expectations for PIE Auditors

By Sanday Chongo Kabange | 03/07/2024

The AFRC has reminded PIE auditors to be prepared for undertaking PIE engagements as gatekeepers for the capital market.

ESG / Sustainability

Hong Kong Launches Green FinTech Support Scheme

By Manesh Samtani | 02/07/2024

The scheme aims to provide early-stage funding for green fintechs and ultimately improve sustainability reporting in Hong Kong.

Securities / Derivatives

HKEX Proposes to Reduce Tick Sizes in Securities Market

By Editors | 02/07/2024

HKEX says the proposal will lower overall transaction costs, improve price discovery and boost liquidity.

SFC Streamlines Approvals for ILAS Marketing Materials

By Sanday Chongo Kabange | 01/07/2024

Approval will no longer be required for “immaterial changes” to ILAS marketing materials that are already authorised by the SFC.

Market Infrastructure

China, Hong Kong Pilot Cross-boundary Credit Referencing

By Sanday Chongo Kabange | 01/07/2024

The MoU between the HMKA and PBOC on cross-boundary commercial credit data connectivity is “essential” for healthy development of the banking sector.

Market Infrastructure

HKMA, PBOC To Establish Cross-border Payment Link

By Sanday Chongo Kabange | 01/07/2024

The cross-boundary payment and settlement scheme will enhance economic activities between Hong Kong and the Mainland.

Fintech / Regtech

Hong Kong’s FSDC Calls for Adoption of Digital ID System

By Sanday Chongo Kabange | 29/06/2024

The FSDC report recommends establishing a trust framework for the digital ID ecosystem and enabling interoperability through improved legal measures.

Securities / Derivatives

HKEX To Launch Weekly Hang Seng Tech Index Options in September

By Sanday Chongo Kabange | 28/06/2024

HKEX says the weekly Hang Seng Index options aims to meet the trading and risk management needs of investors.