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Market Infrastructure
HK Regulators Establish Green and Sustainable Finance Steering Group
By Editors | 05/05/2020
Initiated by the HKMA and SFC, the Steering Group will coordinate across other agencies and sectors to position Hong Kong as a global leader in green and sustainable finance.
Securities / Derivatives
HK Govt Under Fire for ‘False’ Justification of Broker Subsidies
By Manesh Samtani | 03/05/2020
Average daily market turnover jumped 54.5% in Q1 2020 compared to Q4 2019, which has led to a corresponding increase in brokerage revenues and profits.
Hong Kong Records Higher Negative Equity Mortgage Loans
By Editors | 30/04/2020
The negative equity loans are related to housing loans provided to bank staff or under mortgage insurance programmes, which tend to have higher loan-to-value ratios.
SFC Offers Guidance on Cyber Risk of Remote Office Arrangements
By Editors | 29/04/2020
In a circular, the SFC sets out examples of controls and procedures to help licensed corporations protect their internal networks and data.
SFC, Competition Commission Agree to Cooperate, Share Information
By Editors | 28/04/2020
The SFC and the Competition Commission can consult each other on issues with significant implications for the other and share information where appropriate.
Capital / Liquidity
Hong Kong Gazettes Banking Rule Amendments to Implement SA-CCR
By Editors | 25/04/2020
The final Basel III standards on SA-CCR and on capital requirements for CCP exposures will come into operation in Hong Kong on 30 June 2021, subject to negative vetting.
Securities / Derivatives
Oil Volatility Prompts SFC Call for Vigilance, Contingency Plans
By Editors | 24/04/2020
Commodity futures brokers should control exposures to clients and pre-arrange for contingent funding and capital support to be available from group companies or shareholders.
Market Infrastructure
HKMA Survey Highlights LIBOR Transition Challenges
By Editors | 23/04/2020
About HK$1.4tr in assets, HK$0.5tr in liabilities, and HK$14.7tr in derivatives still referencing LIBOR will mature after end-2021 and don’t have fallbacks in place.
Securities / Derivatives
HKEX Sets Launch Date for Phase One VCM Enhancements
By Editors | 23/04/2020
The first phase of enhancements will expand VCM coverage from 78 stocks to nearly 500 stocks, and apply a tiered structure of triggering thresholds.
Enforcement
Hong Kong Exchange Censures Ding Yi Feng Executives
By Editors | 23/04/2020
Three former non-executive directors of China Ding Yi Feng were censured for breaching the listing rules and disclosure obligations.
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