Hong Kong

    Enforcement

    SFC Fines Guosen for Regulatory Breaches Caused by Bugs

    By Editors | 21/12/2022

    Guosen Securities used expired standing authority of clients because its new operating system failed to send renewal notices to clients.

    ESG / Sustainability

    CDP to Help Enhance Sustainability Reporting in Hong Kong

    By Editors | 21/12/2022

    A new Climate and Environmental Risk Questionnaire has been developed to help SMEs with sustainability reporting.

    Securities / Derivatives

    HKEX Opens New York Office to Support International Clients

    By Editors | 21/12/2022

    HKEX says the New York office will make it easier to connect with investors, market participants and their intermediaries during their own working day.

    Market Infrastructure

    Shenzhen Exchange to Pilot Cross-Border Bonds to Serve GBA

    By Editors | 20/12/2022

    Issuers can be Chinese government entities or high-quality corporates. The SZSE is temporarily not charging any fees for cross-border bond listing services.

    Market Infrastructure

    SFC, CSRC Announce Move to Expand Scope of Stock Connect

    By Editors | 19/12/2022

    After the expansion, Stock Connect is expected to include stocks that account for more than 80 percent of equity trading in each market.

    Securities / Derivatives

    HKEX Proposes to Further Expand Paperless Listing Regime

    By Editors | 19/12/2022

    Paperless initiatives announced since 2020 have improved efficiency and lowered costs for issuers, HKEX says, proposing changes to further simplify its administrative procedures.

    Securities / Derivatives

    ICE Opens Access Centres in Hong Kong, Shanghai, Tokyo

    By Editors | 18/12/2022

    ICE says the enhanced connectivity includes ultra-low-latency access to exchanges in Hong Kong, Shanghai and Tokyo.

    AML / KYC

    HKMA Asks StanChart to Investigate Unauthorised Card Transactions

    By Editors | 18/12/2022

    Standard Chartered has said there is no evidence of a data leak, that it would arrange refunds, and that it has strengthened its monitoring systems in response.

    Market Infrastructure

    US Regulators Deem Audit Inspections of Chinese Firms a Success

    By Manesh Samtani | 16/12/2022

    The PCAOB did identify some deficiencies in their inspection work, but it was able to view complete audit work papers with no redactions.

    Hong Kong Names Julia Leung as New SFC Chief

    By Editors | 16/12/2022

    Julia Leung will become CEO of the SFC on 1 January following Ashley Alder’s departure to become the UK FCA’s new chair.

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