Hong Kong

Enforcement

SFC Obtains Asset Freeze Orders from Canadian Regulator

By Sanday Chongo Kabange | 06/06/2024

The preservation orders were made to restrain the assets of a former Hong Kong CEO pursuant to the IOSCO EMMoU.

Crypto / Digital Assets

Project mBridge Ready for Live Transactions by Early Adopters

By Manesh Samtani | 06/06/2024

Private sector firms are invited to further develop the multi-CBDC platform by proposing new solutions and use cases.

AML / KYC

Hong Kong Court Jails Ex-BEA Manager for Bribery Offences

By Sanday Chongo Kabange | 04/06/2024

The former senior relationship manager accepted bribes to help intermediary companies open BEA accounts for their clients.

Securities / Derivatives

HKSCC to Enhance Settlement Process for Dual Counter Securities

By Manesh Samtani | 04/06/2024

HKSCC intends to eliminate the need for manual inter-counter transfers in CCASS during settlement of securities traded in multiple currencies.

Market Infrastructure

HKMA Allows WMC Participation by Non-Locally Incorporated AIs

By Sanday Chongo Kabange | 03/06/2024

Non-locally incorporated AIs may provide southbound WMC services through their Hong Kong branches if they meet certain requirements.

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.