Hong Kong

Market Infrastructure

Hong Kong Lawmaker Asks HKEX to Lower Market Data Fees

By Manesh Samtani | 16/01/2021

HKEX’s monthly fees for retail investors are higher than other stock exchanges, which may have implications for stockbrokers that serve retail investors, says a new report.

Securities / Derivatives

State Street to Resume Buying Sanctioned Stocks for Tracker Fund

By Editors | 14/01/2021

Two days after State Street said it would not be able to buy shares in US-sanctioned stocks, the company has said it will resume these investments to continue tracking the Hang Seng Index.

Sanctions

HKMA May Replace State Street as Manager of Tracker Fund

By Editors | 13/01/2021

State Street will no longer be able to buy shares in companies sanctioned by the US, including China Mobile and China Unicom.

Securities / Derivatives

HKEX Launches Familiarisation Programme for New Risk Engine

By Editors | 11/01/2021

A familiarisation programme has been launched to allow clearing participants to retrieve margin related reports calculated based on the new ORP risk models.

Sanctions

US Banks to Delist Hong Kong Listed Structured Products

By Manesh Samtani | 11/01/2021

The move is said to be a direct result of a prohibition on US persons from purchasing shares in companies identified to be linked to the Chinese military.

AML / KYC

HK Customs Flags Money Laundering Risk from Money Changers

By Editors | 08/01/2021

Amid the pandemic, some criminal actors have turned to licensed money changers, who were more easily lured into criminal activities as their businesses suffer.

Securities / Derivatives

HKEX Outlines Next Steps for VCM, POS Enhancements

By Manesh Samtani | 07/01/2021

Phase 2 VCM enhancements will occur in March 2021 in the securities market. VCM and POS enhancements will be applied to the derivatives market in Q2 2021.

Market Infrastructure

Hong Kong Set to Implement Group-Wide Supervision for Insurance

By Editors | 06/01/2021

Newly gazetted subsidiary legislation will allow the Insurance Authority to set capital, regulatory reporting and public disclosure requirements for insurance groups.

Enforcement

SFC Bans CCB Asia Branch Manager for Life

By Editors | 05/01/2021

The former manager used a cashier’s order application form pre-signed by a customer to misappropriate HK$3.6mn in April 2019.