Hong Kong

    Securities / Derivatives

    SFC Sets Out Expectations on Complaints Handling Processes

    By Editors | 01/04/2022

    LCs should set a 7-day timeline for acknowledging receipt of complaints and a 2-month timeline for providing a final response to the complainant.

    Hong Kong Enhances, Extends SME Financing Guarantee Scheme

    By Editors | 31/03/2022

    The maximum loan amount per enterprise under the Special 100% Loan Guarantee will be raised and the maximum repayment period will be extended.

    Securities / Derivatives

    HKEX Enhances Third Party Clearing Arrangement for HKFE Contracts

    By Editors | 31/03/2022

    As of Monday, non-clearing participants can appoint more than one general clearing participant to clear and settle HKFE contracts.

    ESG / Sustainability

    Hong Kong to Develop VCM, Unify GBA Carbon Market

    By Manesh Samtani | 31/03/2022

    Hong Kong’s VCM will target local, Mainland and overseas buyers of carbon credits. Authorities will also work to establish a unified carbon market for the GBA.

    Securities / Derivatives

    HKMA Updates Trade Reporting Specifications for OTC Derivatives

    By Editors | 30/03/2022

    A revised Administration and Interface Development Guide will take effect from 19 December 2022, taking into account pandemic-related operational challenges.

    Crypto / Digital Assets

    HKEX Sets Out Vision to Build ‘Marketplace of the Future’

    By Sanday Chongo Kabange | 30/03/2022

    HKEX will introduce a new platform for ESG-related products, ETF connect schemes with the mainland, more yuan products, and more listing reforms.

    Fintech / Regtech

    Huobi Seeks to Launch Retail Crypto ETF in HK

    By Manesh Samtani | 30/03/2022

    Huobi Tech has structured the ETF so that it won’t be restricted to just professional investors, possibly through the use of crypto futures listed on overseas exchanges.

    Sanctions

    New Manager Announced for Hong Kong Tracker Fund

    By Manesh Samtani | 29/03/2022

    Hang Seng Investment Management will become TraHK’s new manager in Q3 2022, replacing State Street, which has managed the ETF for 22 years.

    Enforcement

    SFC Bans BNP Representative for Unauthorised Discretionary Trading

    By Editors | 29/03/2022

    The relationship manager asked clients to pre-sign blank instruction forms so he could place trades for their accounts without having to inform them in advance.

    Fintech / Regtech

    HKMA Issues Additional Guidance for SVF Licensees

    By Editors | 28/03/2022

    New practice note offers guidance on governance, outsourcing, internal controls, technology risk, and business conduct, among other areas.

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