Hong Kong

    AML / KYC

    FSDC Calls for Review of Hong Kong ‘Suitability’ Framework

    By Manesh Samtani | 13/09/2022

    The FSDC says Hong Kong’s suitability framework has grown too “complex” and the suitability obligations are “overly prescriptive”.

    Securities / Derivatives

    HKEX is Preparing for IPO Wave by Streamlining IPO Processes

    By Editors | 12/09/2022

    Chairwoman Laura Cha revealed that HKEX has over 170 IPO applications from companies, but many are waiting for market conditions to improve before listing.

    Fintech / Regtech

    HKMA, BOT Exploring Cross-border Payments Arrangement

    By Editors | 12/09/2022

    Visitors would be able to use their home faster payment system to pay for shopping and food in each other’s markets via their mobile phones.

    HKMA Launches Online Resource for Aspiring Bankers

    By Editors | 08/09/2022

    The new platform, Banking GPS, provides information on major bank functions and job openings, tips on job-hunting, and experience sharing from practitioners.

    Securities / Derivatives

    HKEX to Enhance Obligations for Stock Options Market Makers

    By Editors | 08/09/2022

    A first phase of enhancements will take effect on 31 October 2022. A second phase will be implemented in H1 2023, subject to market readiness.

    Securities / Derivatives

    Big Four Auditor Facing HK Lawsuit Over Chinese Audit

    By Editors | 07/09/2022

    The liquidator of a now-collapsed Chinese biotech firm said the auditor could have easily exposed fraud by asking obvious questions.

    ESG / Sustainability

    Hong Kong Plans Measures to Lure ESG, Fintech Talent

    By Editors | 06/09/2022

    The government will also dedicate resources towards providing training aimed at developing local ESG talent. Applications for a fintech subsidy scheme will open on 10 September.

    Securities / Derivatives

    SFC Suspends Rifa Futures Exec Over ‘Xinguanjia’ Trading Software

    By Editors | 06/09/2022

    In July, Rifa Futures became the fourth firm to be fined over the use of Xinguanjia. The firm’s managing director has now been suspended for 8 months.

    Market Infrastructure

    CSRC to Accelerate Work on Overseas Listing Framework

    By Darien Choong | 05/09/2022

    The CSRC will push forward legislation to enact new overseas listing rules, and support the establishment of a new registration system for Chinese firms seeking foreign IPOs.

    Market Infrastructure

    CSRC Unveils Plans to Further Expand Stock Connect

    By Manesh Samtani | 05/09/2022

    More companies will be added to Stock Connect and Hong Kong will introduce treasury bond futures and a special counter for yuan stocks.

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