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AML / KYC
Greater Bay Regulators Sign MoU on Wealth Management Connect
By Manesh Samtani | 07/02/2021
The regulators agree to issue guidance to banks on product due diligence, investor protection, AML/CFT requirements and personal data protection, among other areas.
Market Infrastructure
UPDATED – HKEX to Acquire Stake in Guangzhou Futures Exchange
By Editors | 07/02/2021
The move, being the first-ever equity investment in a mainland futures exchange by a non-mainland investor, will help HKEX promote green and low-carbon markets across the region.
Capital / Liquidity
HK Bank Profitability Suffers, Loan Quality Deteriorates
By Editors | 04/02/2021
HKMA deputy chief executive Arthur Yuen says banks will continue to face challenges this year as Hong Kong suffers its worst recession on record.
Securities / Derivatives
Asian Regulators Issue Warnings as GameStop Remains in Focus
By Manesh Samtani | 04/02/2021
Authorities in Hong Kong, Singapore, Korea and Malaysia are among those issuing warnings of possible investor losses as heightened volatility continues.
Market Infrastructure
Hong Kong MPFA Awards eMPF Contract to PCCW Solutions
By Ranamita Chakraborty | 02/02/2021
PCCW Solutions will build, implement, operate and maintain Hong Kong’s new eMPF Platform, with Singapore’s iFAST as its prime subcontractor.
Fintech / Regtech
What Hong Kong Can Learn From Open Banking in the UK
By Eran Vitkon | 02/02/2021
The UK model provides lessons to help ensure Hong Kong’s open banking ecosystem is able to realise its full potential, say Finastra’s Eran Vitkon and Shweta Jain.
Enforcement
HK Court Finds JP Morgan Banker Not Guilty of Bribery
By Editors | 02/02/2021
The prosecution had accused the banker of employing the son of a client as a bribe to win IPO business for JP Morgan.
Market Infrastructure
HKMA Drafts Guidance on Operational Continuity in Resolution
By Editors | 01/02/2021
Operational continuity in resolution is a key aspect of resolution planning for individual banks, the HKMA says.
Capital / Liquidity
HKMA Extends Relief for Trade Loan Customers Another 90 Days
By Editors | 01/02/2021
Trade loans granted 90-day extensions last year will start to fall due in February, but some trade customers are still facing cash flow pressure, the HKMA said.
Securities / Derivatives
Hong Kong Government Prices First Ever 30 Year Green Bond
By Editors | 28/01/2021
Hong Kong has priced the first ever 30-year green bond by an Asian government and the longest tenor bond in its history.
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