Hong Kong

Market Infrastructure

HKEX to Develop New Derivatives Platform In-House

By Sanday Chongo Kabange | 19/04/2024

The Orion Derivatives Platform will offer enhanced trading and clearing capabilities and the potential for near 24-hour trading.

AML / KYC

HKMA Offers New Guidance on Transaction Monitoring

By Manesh Samtani | 17/04/2024

The guidance is based on a thematic review of TM systems, which also explored how FIs adopt artificial intelligence to optimise performance.

Crypto / Digital Assets

HKMA Issues Risk Management Guidance for DLT Adoption

By Sanday Chongo Kabange | 17/04/2024

The guidance covers DLT network and smart contract design and governance, the associated risks, and the need for interoperability.

Enforcement

SFC Orders Trading Suspension of Listed Fruit Products Seller

By Editors | 16/04/2024

The company was earlier ordered to reconstitute its board of directors and engage an independent manager over more than $60m in missing funds.

Securities / Derivatives

HKEX Confirms Decision to Allow Issuers to Hold Treasury Shares

By Manesh Samtani | 16/04/2024

Allowing Hong Kong-incorporated issuers to hold treasury shares will give them “greater flexibility in managing their capital structure”.

Crypto / Digital Assets

SFC Grants First In-Principle Approvals to Spot Crypto ETFs

By Editors | 15/04/2024

At least three firms have received conditional approval to launch spot bitcoin and ether ETFs and are now expected to file listing applications.

Market Infrastructure

Data Dissemination Arrangements Adjusted for Stock Connect

By Editors | 14/04/2024

HKEX will no longer disclose real-time buy and sell transaction amounts and total transaction volume for Northbound trading.

Crypto / Digital Assets

Crypto Firms Question Viability of Operating in Hong Kong – Report

By Sanday Chongo Kabange | 13/04/2024

Hong Kong’s regime has restrictions that limit access to overseas investors, raising doubts about long-term business viability.

Securities / Derivatives

SFC Reviewing HKEX Proposal to Enhance Clearing Flexibility

By Editors | 12/04/2024

HKEX enhanced its third party clearing arrangements for futures trades in 2022. A proposal submitted to the SFC would do the same for stock and options trades.