Hong Kong

    Market Infrastructure

    HKMA Signals Coming Enhancements to Wealth Connect Scheme

    By Editors | 22/09/2022

    Enhancements could include measures to improve sales arrangements, expand the product scope, and allow more financial institutions to participate.

    Securities / Derivatives

    SFC Calls for Licensed Personnel to Return to Hong Kong

    By Editors | 21/09/2022

    The SFC is concerned over operational risks at licensed corporations that are doing business without a responsible manager located in the city.

    Crypto / Digital Assets

    HKMA to Start Retail CBDC Trials in Q4 This Year

    By Manesh Samtani | 21/09/2022

    The trials will involve banks, payment companies and other technology firms to study the use of the e-HKD in a limited setting.

    Securities / Derivatives

    HK Police, FRC Sign MoU on Combatting Commercial Crime

    By Editors | 21/09/2022

    Collaboration is needed to protect the public interest and maintain financial market integrity, said FRC chairman Kelvin Wong.

    Fintech / Regtech

    FSTB, SFC Declare Support for STO Business in Hong Kong

    By Editors | 19/09/2022

    The SFC’s Elizabeth Wong said firms that are interested in STOs are encouraged to discuss their proposals with the regulator’s Fintech unit.

    HKMA Extends Corporate Loan Support Scheme

    By Editors | 19/09/2022

    The Pre-approved Principal Payment Holiday Scheme has been in effect since May 2020. The HKMA says some corporates are still facing cash-flow pressures.

    Crypto / Digital Assets

    BIS, HKMA to Explore Use of DeFi Tools for SME Finance

    By Editors | 18/09/2022

    Project Dynamo will study whether and how DeFi tools such as blockchain and smart contracts can improve access to finance for SMEs.

    Securities / Derivatives

    PwC, KPMG Ready to Host PCAOB Audit Inspections – Report

    By Editors | 16/09/2022

    PCAOB inspectors are expected to arrive in Hong Kong soon, but will have to serve three days in hotel quarantine before beginning work at PwC and KPMG’s Hong Kong offices.

    Securities / Derivatives

    HKEX Considers Relaxing Listing Requirements for Tech Firms

    By Editors | 14/09/2022

    Under the proposals, the revenue requirement for commercialised tech firms would be lowered from HK$500 million to between HK$200-300 million.

    Crypto / Digital Assets

    SFC Allows HashKey to Manage Funds Comprising 100% Crypto

    By Editors | 13/09/2022

    HashKey says it will be allowed to manage funds exclusively investing in virtual assets in compliance with the SFC’s regulations

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