Hong Kong

    Enforcement

    Former Convoy Executives Found Not Guilty in ‘Enigma Network’ Case

    By Editors | 02/12/2020

    The judge ruled that the evidence provided by prosecutors was not sufficient to prove there was any attempt to deceive the stock exchange or Convoy directors or investors.

    Fintech / Regtech

    Lack of Electronic Solutions Hindering Capital Market Access: ASIFMA

    By Editors | 30/11/2020

    The report calls on government and regulators to facilitate greater use of e-signatures, virtual meetings, and other electronic solutions in Hong Kong and Singapore capital markets.

    Securities / Derivatives

    HKEX Proposes to Raise Profit Requirement for New IPOs

    By Manesh Samtani | 30/11/2020

    One option HKEX proposes is to raise the profit requirement for companies seeking to list in Hong Kong threefold, reflecting the growth of the Hang Seng Index since 1994.

    Securities / Derivatives

    SFC Finalises Changes to Grant Greater Flexibility to REIT Managers

    By Editors | 29/11/2020

    REITs will be allowed to invest in minority-owned properties and property development projects, and borrowing limits will be increased.

    Market Infrastructure

    HKEX Announces Stock Connect Expansion Arrangements

    By Manesh Samtani | 29/11/2020

    Pre-revenue biotech companies listed on Hong Kong’s Main Board will be included from 27 December. SSE STAR Market stocks will be included in early 2021.

    Big Picture

    HKIMR Offers Suggestions to Develop Hong Kong Green Bond Market

    By Shruti Khairnar | 27/11/2020

    To encourage more active participation in the market, efforts can be made to implement tax incentives and subsidies to address the high costs of certification.

    Securities / Derivatives

    HKEX Outlines Derivatives Market Enhancements for 2021

    By Editors | 26/11/2020

    Market participants who plan to trade or clear selected derivatives contracts during Hong Kong public holidays will be asked to demonstrate technical readiness.

    Enforcement

    SFC Bans Ex Sun Hung Kai Account Exec Over Discretionary Trading

    By Editors | 26/11/2020

    The former licensed representative effected transactions in two clients’ accounts on a discretionary basis without obtaining prior written authorisations or senior management approval.

    Market Infrastructure

    Stock Connect Set to Include Pre-profit Biotechs, STAR Market Stocks

    By Manesh Samtani | 26/11/2020

    In a policy address, Hong Kong chief executive Carrie Lam discussed measures to expand Stock Connect and enhance the city’s integration into the Greater Bay Area.

    Enforcement

    SFC Bans Ex-StanChart Banker For Concealing Personal Trades

    By Editors | 25/11/2020

    The SFC’s decision followed a referral from the HKMA, which discovered that the former banker also wilfully misrepresented himself to the Appeals Tribunal.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team