Hong Kong

Enforcement

SFC Launches Proceedings Against Ex-Chairman of Ding Yi Feng

By Sanday Chongo Kabange | 27/02/2024

The SFC is seeking orders requiring the former chairman and 20 others to compensate investors for losses suffered as a result of a 2018 price manipulation scheme.

ESG / Sustainability

Hong Kong to Develop Transition Finance Framework: HKMA

By Sanday Chongo Kabange | 27/02/2024

HKMA’s Darryl Chan said the  Green and Sustainable Finance Cross-Agency Steering Group will start work on a transition taxonomy this year.

Big Picture

Wealth Connect Enhancements to Drive Investment: HSBC

By Nithya Subramanian | 27/02/2024

Around a quarter of WMC investors intend to invest CNY 1 million or more via the Scheme in the next 12 months.

HKMA Issues Updated Guidance on Suitability Assessments

By Manesh Samtani | 26/02/2024

The guidance focuses on the portfolio-based approach to suitability assessment, which HKMA says improves efficiency in the selling process.

Crypto / Digital Assets

HK Crime Cases Involving Crypto Have Tripled Since 2021

By Mark Johnston | 25/02/2024

The SFC and police recorded 3,415 cases of virtual asset crimes in 2023, involving around HKD 4.4 billion (USD 562 million).

Fintech / Regtech

HK Banks to Introduce Anti Malware Security Measures This Month

By Sanday Chongo Kabange | 25/02/2024

The new security measures on banking apps will trigger immediate actions when malware or suspicious apps are detected on customers’ devices.

Securities / Derivatives

Holiday Trading to Include Currency Derivatives from 29 March, HKEX Confirms

By Sanday Chongo Kabange | 24/02/2024

HKFE has obtained regulatory approval to include currency futures and options in derivatives holiday trading from 29 March.

AML / KYC

Hong Kong Launches Global Anti Corruption Academy

By Sanday Chongo Kabange | 23/02/2024

The academy will offer tailored training on corruption prevision and AML to officers from around the world.

Crypto / Digital Assets

The Future of Securities Tokenisation and Crypto Regulation 

By Hannah Cassidy | 22/02/2024

With crypto currencies and assets firmly lodged in the public mind, regulators need to lay guardrails to facilitate innovation and combat misbehaviour.