Hong Kong

Securities / Derivatives

SFC to Narrow Scope of OTC Derivatives Licensing Regime

By Manesh Samtani | 10/06/2020

The OTC derivatives licensing regime will not capture corporate treasury activities of non-financial groups, portfolio compression services, and certain portfolio management activities.

Securities / Derivatives

Regulatory Change a Challenge for Hong Kong Fund Managers

By Editors | 10/06/2020

Overregulation is an issue for some fund managers in Hong Kong, but the industry is also calling for greater regulatory clarity around GBA initiatives and ESG standards, according to a KPMG-HKIFA survey report.

Securities / Derivatives

SFC Proposes to Grant Greater Investment Flexibility to REITs

By Editors | 09/06/2020

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

Capital / Liquidity

SFC Fines Potomac Capital for Breaching Financial Resources Rules

By Editors | 08/06/2020

Potomac misinterpreted the financial resources rules and incorrectly including aged fees receivables as liquid assets, leading to an overstatement of liquid capital.

AML / KYC

Typhoon Trump: Hong Kong Braces for US Sanctions

By Nick Turner | 08/06/2020

Nick Turner at Steptoe & Johnson discusses how sanctions could be imposed against Hong Kong. While current signs point to a limited US response, it’s best to be prepared.

Market Infrastructure

Chinese Regulators Respond to US Threat Against Hong Kong

By Manesh Samtani | 08/06/2020

The PBOC and CBIRC have offered assurances that Hong Kong’s status as an international financial centre will not be jeopardised under the new national security law.

Securities / Derivatives

HKEX Launches First Leveraged Commodities Product in Gold

By Editors | 07/06/2020

The introduction of the first gold futures leveraged product provides investors the ability to express a short-term market view on gold prices, says HKEX’s Brian Roberts.

AML / KYC

Hong Kong ICAC Charges Four for Defrauding DBS Bank

By Editors | 07/06/2020

The individuals are charged for money laundering, bribery offences, and for using false documentation to defraud DBS into issuing letters of credit worth HK$75.3mn.

HKMA Initiative to Nurture Young Talent for Banking Industry

By Editors | 04/06/2020

The HKMA will sponsor up to half of the salaries of the fresh graduates employed by firms that participate in the Banking Talent Programme.