Hong Kong

Securities / Derivatives

HKEX Shortens Structured Product Listing Cycle to Three Days

By Editors | 29/06/2020

From 13 July, issuers can list derivative warrants, CBBCs and inline warrants for trading on the third trading day after the submission of their term sheets.

Market Infrastructure

China Sets Stage for GBA Wealth Management Connect Scheme

By Editors | 29/06/2020

Under a pilot scheme, Greater Bay Area residents will be able to invest in wealth management products distributed by GBA banks across boundaries.

Fintech / Regtech

Ping An OneConnect Bank to Pilot Virtual Banking Services

By Editors | 26/06/2020

Ping An OneConnect Bank is inviting 200 SMEs and 2,000 retail customers to pilot test its virtual banking services in the HKMA’s sandbox.

AML / KYC

Hong Kong Autonomy Act Advances in US Congress

By Manesh Samtani | 26/06/2020

Once signed into law, the Act will authorise the use of sanctions against individuals, entities and financial institutions in response to China’s new national security law for Hong Kong.

Securities / Derivatives

HKMA, SFC Publish Final List of FSPs Under Clearing Obligation

By Editors | 25/06/2020

The HKMA and SFC will remove one entity that no longer conducts OTC derivatives business as its institutional services are now being provided by BofA Securities Inc, a new FSP.

Capital / Liquidity

HSBC’s Historical and Regulatory Dilemma Exposed

By Peter Guy | 25/06/2020

Financial markets are still reeling from the regulatory implications of HSBC’s support for China’s national security law in Hong Kong, says Peter Guy.

AML / KYC

HSBC Offers Remote Account Opening to Hong Kong SMEs

By Editors | 24/06/2020

Recent initiatives by HSBC to shift to lower-cost, digital-first services are largely seen as a response to new competition from virtual banks in Hong Kong.

AML / KYC

SFC Bans Former Guosen Head of Dealing for 12 months

By Editors | 23/06/2020

The head of dealing “turned a blind eye” to internal control deficiencies in relation to third party deposits brought to her attention by its staff since 2013.

Securities / Derivatives

‘Time is Ripe’ for Hong Kong to Launch A-share Derivatives: CSRC

By Manesh Samtani | 23/06/2020

CSRC vice chairman Fang Xinghai says the launch of A-share based financial derivatives will bolster Hong Kong as an international financial centre, while also benefitting China’s capital markets.