Hong Kong

Securities / Derivatives

Why Chinese ADRs Will Keep One Foot in New York

By FinanceAsia | 03/06/2020

Amid US-China posturing, Hong Kong is emerging as a safe port for China’s corporate refugees – but there are powerful reasons for at least some of these ADRs to stay where they are.

Securities / Derivatives

US Scrutiny of Chinese Firms a Boon for Hong Kong IPO Market

By Manesh Samtani | 02/06/2020

Nasdaq-listed Chinese companies Netease and JD.com are planning to launch secondary listings in Hong Kong, amid concerns that their US listings could be at risk.

Securities / Derivatives

HKEX Continues to Bolster Derivatives Product Ecosystem

By Manesh Samtani | 02/06/2020

HKEX is launching silver futures and four new rupee futures contract months, on top of new derivative products linked to MSCI indices and a new set of exchange-traded products.

Capital / Liquidity

Credit Risk a Growing Threat in Hong Kong: Mazars

By Manesh Samtani | 02/06/2020

Banks need to be more agile in incorporating in their ECL model all latest reasonable and supportable information, including that which is forward-looking, says Pierre Latrobe.

ESG / Sustainability

HKEX Plans Introduction of New Exchange Traded Products – Report

By Editors | 02/06/2020

Under consideration are leveraged and inverse ETPs tracking A share indexes, fixed-income ETFs, sectoral and thematic ETFs backed by Chinese assets, and ESG themed ETPs.

HK Extends Loan Guarantee Schemes to Listed Companies

By Editors | 01/06/2020

Other enhancements to the 80% and 90% Guarantee Products include higher maximum loan amounts and interest subsidies up to 12 months.

Enforcement

ICAC Charges SME Director & Clerk for Defrauding HK Banks

By Editors | 31/05/2020

The two are said to have defrauded seven banks of loans and banking facilities worth about HK$160mn, and deceived the TID and HKMC into issuing loan guarantees.

Market Infrastructure

Trump: US to End Hong Kong Trade Privileges, Sanction Chinese Officials

By Manesh Samtani | 30/05/2020

The US President says Hong Kong’s special treatment will be revoked, Hong Kong and Chinese officials will be sanctioned, and Chinese companies listed on US exchanges will be examined.

Enforcement

SFC Bans Guosen Fund Manager for Violating Staff Trading Policies

By Editors | 29/05/2020

The fund manager concealed his beneficial interests, direct control and trading activities in securities accounts held at an external brokerage.