Hong Kong

Enforcement

SFC Bans Former Senior Manager of Citigroup Asia Unit for Misconduct

By Editors | 07/03/2023

Philip Shaw’s misconduct was “intentional, dishonest and contrary to a licensed person’s overarching duty to act in clients’ best interests,” the SFC said.

Market Infrastructure

Stock Connect Expansion to Launch on 13 March 2023

By Manesh Samtani | 06/03/2023

Mainland investors will have access to about 80 more HK-listed stocks; International investors will have access to more than 1,000 more Mainland-listed stocks.

Enforcement

SFC Bans Ex-Convoy Licensee Over Stock Manipulation Scheme

By Editors | 05/03/2023

A Convoy Asset Management consultant was banned for life for his role in a stock manipulation scheme and for lying to the SFC.

AML / KYC

SFC Calls on Investors to Provide Consent for HKIDR Regime

By Editors | 03/03/2023

After the launch of HKIDR on 20 March, investors who haven’t provided consent will not be able to buy securities on the stock exchange.

HKEX to Open London Office Within H1 2023

By Editors | 03/03/2023

The SEHK and HKFE were confirmed as Recognised Overseas Investment Exchanges by the UK’s FCA this week.

Enforcement

HKEX Warns Issuers Against Using “Partial Truth” Disclosures

By Editors | 02/03/2023

Disciplinary action may follow if an announcement is misleading as a result of omission of material information, HKEX said.

Securities / Derivatives

HKEX to Finalise New Listing Regime This Month – Reports

By Editors | 02/03/2023

Listing rule amendments designed to attract specialist tech firms to list in Hong Kong are expected to be finalised this month.

Hong Kong Appoints Ex-Regulators to HKEX Board

By Editors | 02/03/2023

Former HKMA chief Joseph Yam and ex-SFC chairman Carlson Tong have been appointed as board directors for HKEX.

Market Infrastructure

IDX Seeks to Secure Dual-Listing Arrangement with HKEX

By Editors | 01/03/2023

IDX is seeking a mechanism to allow Indonesian start-ups, state-owned enterprises, and index ETFs to list in Hong Kong.