Hong Kong

Securities / Derivatives

HKEX Launches Second Batch of MSCI Index Futures

By Editors | 04/08/2020

The next batch of contracts is due to be launched on 17 August, with the final four contracts still awaiting regulatory approval.

Fintech / Regtech

HKMA, BIS Innovation Lab Seek Solutions in Trade Finance

By Editors | 03/08/2020

Private firms are invited to submit innovative solutions that can help enhance trade finance mechanisms, connectivity and infrastructure.

Securities / Derivatives

HKMA Relaxes Rules on Retail Sales of Government Bonds

By Editors | 02/08/2020

Banks can forgo suitability assessments and audio recordings when distributing low-risk, non-complex retail tranches of Hong Kong or Mainland government bonds.

AML / KYC

HKMA Issues AML Guidance to Banks As Pandemic Persists

By Manesh Samtani | 30/07/2020

The guidance sets out key practices banks have been using to manage customer due diligence, resource pressure, and emerging threats in the context of Covid-19.

Big Picture

Third Global Financial Crisis May Be Imminent: ex-HKMA Chief

By Sanday Chongo Kabange | 30/07/2020

Former HKMA head Joseph Yam worries that the world may slip into a third financial crisis due to insufficient liquidity and dwindling spending caused Covid-19.

Fintech / Regtech

WeLab Bank Announces Public Launch of Virtual Banking Services

By Editors | 30/07/2020

WeLab Bank was the only stand-alone company to win a virtual bank licence from the HKMA. It commenced pilot services in April.

AML / KYC

HK Police Arrest Five in Transnational Credit Card Fraud Probe

By Editors | 29/07/2020

The syndicate members allegedly used credit card details stolen from cardholders in Singapore, US and Europe to make fraudulent online purchases of electronic products in Hong Kong.

Securities / Derivatives

Hong Kong Launches A-share L&I Products, New Tech Index

By Manesh Samtani | 27/07/2020

The new L&I products will enable directional trading in China A-shares. Meanwhile, the new Hang Seng Tech Index will facilitate the introduction of ETFs to track the tech sector.

Fintech / Regtech

HKMA Asks Banks to Participate in KPMG Regtech Stocktake

By Editors | 27/07/2020

HKMA has appointed KPMG as an external consultant to conduct surveys and interviews with banks and technology firms on Regtech development in Hong Kong.