Hong Kong

Enforcement

Enforcement Should Drive Good Conduct, says HKEX’s Jon Witts

By Manesh Samtani | 28/09/2021

HKEX’s approach to enforcement is designed to drive better conduct, governance and compliance culture, says Head of Listing Enforcement Jon Witts.

Fintech / Regtech

HKMA Issues Guide on Regtech Adoption for GRC

By Sanday Chongo Kabange | 28/09/2021

The guide outlines common challenges associated with regtech adoption for GRC and describes how successful firms have addressed these challenges.

Securities / Derivatives

HKEX Goes Live with New Market Access Platform

By Editors | 28/09/2021

The new central gateway offers “improved performance and reduced latency” compared with the vendor-supplied platform it replaces, HKEX said.

AML / KYC

HKMA Identifies AML/CFT Gaps in Stored Value Facilities

By Sanday Chongo Kabange | 27/09/2021

The HKMA flagged issues related to risk assessments, business partner arrangements, customer risk assessments, and transaction monitoring.

Capital / Liquidity

Hong Kong Further Extends Three Loan Support Schemes

By Editors | 21/09/2021

The 100% Personal Loan Guarantee Scheme, SME Financing Guarantee Scheme, and Pre-approved Principal Payment Holiday Scheme are being extended.

Enforcement

HK Court Convicts Former Convoy Executives for Fraud

By Editors | 21/09/2021

Former Convoy executives conspired to dishonestly arrange for bond placement commissions to be diverted to a company they substantially owned.

Market Infrastructure

HKMA Names Market Makers for Southbound Bond Connect

By Editors | 18/09/2021

The designated market makers were selected based on several criteria, including their Hong Kong bond market activities and their counterparty networks with Mainland FIs.

Securities / Derivatives

HKEX Issues Consultation on Listing Regime for SPACs

By Manesh Samtani | 17/09/2021

A SPAC has to raise at least HKD 1 billion from its initial offering. Subscription and trading will be restricted to professional investors.

China Regulators Dispatch Lawyers, Advisers to Assess Evergrande

By Sanday Chongo Kabange | 17/09/2021

Chinese authorities may be preparing for a major restructuring of Evergrande’s debt, as protesting investors demand repayment on overdue wealth management products.