Hong Kong

China, Hong Kong Set to Allow Quarantine Free Travel

By Editors | 14/12/2022

Travellers to Hong Kong will be allowed to visit restaurants and bars on arrival. Travellers to the Mainland will no longer have to quarantine.

Fintech / Regtech

HashKey, ZA International to Cooperate on Digital Assets

By Editors | 14/12/2022

The two groups will cooperate on digital assets, Web3 and DLT. ZA International recently unveiled plans to tokenise its ZA Coin.

Crypto / Digital Assets

SFC Issues Fresh Warning About Virtual Asset Risks

By Editors | 14/12/2022

The SFC warns that virtual asset platforms may on-lend customer assets or them in investment or other activities, which could potentially lead to a “total loss”.

Market Infrastructure

HKEX Releases Details on Proposed Dual Counter Model

By Editors | 14/12/2022

Market makers and liquidity providers for the dual counter model will be onboarded starting in the first half of 2023.

ESG / Sustainability

Hong Kong Launches Green Finance Training Subsidy Programme

By Editors | 14/12/2022

Eligible programmes include courses offered provided by Friends of the Earth HK, GARP, HKIB, ICMA, HKGFA, and CFA Institute, among others.

AML / KYC

SFC Announces 20 March 2023 Launch Date for HKIDR

By Editors | 13/12/2022

The SFC has decided to “provide more time for the industry’s preparation” and has announced a 20 March 2023 launch date for the HKIDR.

HKMA Finalises Code of Conduct Requirements for Banks

By Editors | 12/12/2022

Banks have until 1 July 2023 to ensure their Code of Conduct and internal control systems are consistent with the revised SPM module.

ESG / Sustainability

HKMA Issues Guidance for Banks on Reducing Greenwashing Risks

By Editors | 12/12/2022

The guidance is based on thematic examinations at banks, conducted to ensure they proper systems and control in place to manage their green and sustainable products.

Securities / Derivatives

Industry Ranks Singapore Top APAC Market to Operate In

By Editors | 11/12/2022

In an ASIFMA survey, capital market participants ranked Singapore as the top market for its political environment and predictable and transparent regulatory policy.