Hong Kong

Market Infrastructure

HKEX, SFC to Open HKIDR Testing to Market on 16 May

By Sanday Chongo Kabange | 27/04/2022

Regulated intermediaries are asked to get ready for the testing, which is mandatory. The HKIDR is expected to be implemented in the later part of Q4 2022.

Fintech / Regtech

HKMA Launches Knowledge Hub to Promote RegTech Adoption

By Editors | 26/04/2022

The Hub’s launch is accompanied by videos featuring regtech solutions from HSBC, Citibank, iFinHealth, Ping An OneConnect Bank and ASTRI.

Capital / Liquidity

HK to Implement Capital Standard for Banks’ Fund Exposures

By Editors | 26/04/2022

The capital standard for banks’ equity investments in funds is expected to come into operation in Hong Kong on 1 July 2022.

Securities / Derivatives

SFC Proposes Amendments to Position Limit Regime

By Editors | 26/04/2022

The proposals will expand the list of futures and options contracts for which the SFC may prescribe position limits.

Securities / Derivatives

SEHK Adopts New Rules for Bookbuilding, Placing Activities

By Editors | 25/04/2022

The listing rule amendments, due to take effect in August, are a consequence of changes to the Code of Conduct finalised by the SFC in October.

Fintech / Regtech

HKMA to Develop Additional Safeguards for Bank Customers

By Manesh Samtani | 20/04/2022

A fresh review of the Banking Code of Practice has been launched, covering information disclosure, customers’ finance management, and dispute handling.

AML / KYC

Hong Kong to Propose Regulatory Regime for Crowdfunding

By Sanday Chongo Kabange | 19/04/2022

The government will issue a consultation this year proposing a licensing or registration requirement for crowdfunding platforms in Hong Kong.

Securities / Derivatives

Hong Kong Set to Relaunch Inaugural Retail Green Bond

By Sanday Chongo Kabange | 19/04/2022

The government has increased the target issuance size of the retail green bond. The minimum annual interest rate has also been increased.

AML / KYC

Hong Kong is Moving to a Robust Regulatory Framework for Crypto

By Etelka Bogardi | 19/04/2022

Etelka Bogardi and Amy Chung say Hong Kong’s efforts to regulate the crypto sector and stablecoin market are on the whole in line with international trends while leaving room for further development.