Hong Kong

ESG / Sustainability

HKEX Publishes Latest Findings from Review of ESG Disclosures

By Sanday Chongo Kabange | 29/11/2022

HKEX said it is currently reviewing its ESG framework with a focus on enhancing climate disclosures amongst issuers.

Market Infrastructure

HKMA Issues Guidance on Protecting Against DDoS Attacks

By Editors | 28/11/2022

The guidance focuses on risk assessment, anti-DDoS control architecture, third party governance, and incident response and escalation.

Crypto / Digital Assets

HKMA Report Assesses Spillover Risk from Asset-Backed Stablecoins

By Mark Johnston | 28/11/2022

The report finds that failures of stablecoins or other crypto assets pose material impacts on the traditional financial system such as the money market.

Capital / Liquidity

HKMA Confirms Decision to Defer Implementation of Basel III Reforms

By Editors | 28/11/2022

Hong Kong’s implementation of the Basel III final reform package is being deferred to allow the industry more time to prepare.

Capital / Liquidity

SFC Proposes Risk Management Guidelines for Futures Brokers

By Editors | 28/11/2022

The guidelines strengthen requirements for futures brokers to safeguard client assets, put in place trading controls, and set prudent client limits.

ESG / Sustainability

HKMA Report Calls Out Greenwashing by Green Bond Issuers

By Mark Johnston | 28/11/2022

The report shows that so-called greenwashing firms are to some extent being penalised by the market with higher re-issuance costs.

AML / KYC

HKMA, Cyberport Host Third AML Regtech Lab

By Sanday Chongo Kabange | 25/11/2022

The HKMA says retail banks increased their identification and reporting of suspicious accounts and networks by 127 percent compared to a year ago.

Enforcement

HK Court Orders Investment Company to Compensate Clients

By Editors | 25/11/2022

The investment firm sold clients’ securities without authorisation, misappropriated the proceeds, and fabricated documents to conceal the transactions.

Market Infrastructure

Swap Connect Launch Facing Likely Delay – Report

By Editors | 25/11/2022

Opening China’s USD 5 trillion swap market to foreign investors will enable them to better manage interest rate risks arising from Chinese bond investments.