Hong Kong

    Fintech / Regtech

    Govt Support Needed in AI, Big Data Industry: FTAHK

    By Editors | 25/05/2022

    Survey respondents said government support is needed to drive education and promote fairness, ethics, accountability and transparency in the industry.

    Securities / Derivatives

    HKEX to Establish First Non-Asia Offices This Year – Report

    By Editors | 24/05/2022

    New offices in Europe and the US will allow HKEX to provide services and support to international companies seeking to list or invest in Hong Kong.

    Market Infrastructure

    HK PCPD Issues Guidance on Cross-border Data Transfers

    By Editors | 19/05/2022

    Recommended model contractual clauses are provided for scenarios where personal data is transferred across borders to another data user or to a data processor.

    Enforcement

    HK ICAC Charges Ex-Sunway Employee for Money Laundering

    By Editors | 19/05/2022

    A former personal assistant helped his boss to launder HKD 125 million borrowed from listed company Sunway International Holdings.

    Market Infrastructure

    HKMA’s Operational Resilience Standards: An ‘Adapt and Learn’ Approach

    By Lisa Huang | 19/05/2022

    Lisa Huang and Shannon Wong offer guidance on making a timely start to compliance with HKMA’s new operational resilience framework.

    Market Infrastructure

    HKEX Sets 13 June Launch Date for New VaR Platform

    By Editors | 17/05/2022

    The VaR Platform will replace the existing flat-rate model for calculation of margin and HKSCC Default Fund contributions.

    AML / KYC

    HK Police Arrest 17 for Using Virtual Banks to Launder Money

    By Editors | 16/05/2022

    The syndicate members processed the funds through more than 20 online bank accounts since 2021, police said.

    Market Infrastructure

    Capital Outflows Prompt HKMA Intervention to Defend Currency Peg

    By Editors | 12/05/2022

    The last time the HKMA intervened to defend a weakening HKD was in March 2019. The move is expected to raise borrowing costs.

    Market Infrastructure

    First Rural Lender Added to Greater Bay WMC Scheme

    By Darien Choong | 11/05/2022

    Shenzhen Rural Commercial Bank has partnered with DBS Hong Kong to offer cross-border wealth management services to mainland residents in the GBA.

    Securities / Derivatives

    SEHK to Unify Main Board, GEM Websites From 28 May

    By Editors | 08/05/2022

    The websites will be unified to optimise HKEX’s technical infrastructure and provide investors more streamlined access to market information.

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