Hong Kong

    Securities / Derivatives

    SEHK Proposes to Allow Corporate Beneficiaries of WVR Structures

    By Editors | 02/02/2020

    Hong Kong’s stock exchange is proposing to allow eligible corporate entities to hold weighted voting rights in listed companies, subject to appropriate safeguards.

    Market Infrastructure

    HK, Korea, Philippines to Undergo IMF Assessment in 2020

    By Editors | 31/01/2020

    While Hong Kong and Korea are scheduled to undergo the assessment, as required every five years, the Philippines has voluntarily requested its assessment.

    Securities / Derivatives

    HKEX Names Two Global Banks in Failed IPO Application

    By Editors | 31/01/2020

    Sponsored by Morgan Stanley and JP Morgan Securities, the listing of Chinese biotech firm Akeso was rejected due to a typo in the date in a listing application document.

    Securities / Derivatives

    HK Listed Companies May Miss Earnings Deadline – Reports

    By Editors | 31/01/2020

    The HKICPA has met with HKEX to propose extending a 31 March filing deadline for China-based companies listed in Hong Kong affected by coronavirus-related travelling restrictions.

    Chinese Regulators Announce Coronavirus Support Measures

    By Manesh Samtani | 30/01/2020

    PBOC has extended the Lunar New Year closure of financial markets until 3 February and vowed to inject liquidity into the markets when they reopen.

    Capital / Liquidity

    HKMA Maintains 2% CCyB Amid ‘Uncertain’ Environment

    By Editors | 30/01/2020

    HKMA chief Eddie Yue says it is appropriate to maintain the CCyB at 2.0% to allow more time to “observe the trend”.

    Enforcement

    SFC Suspends RHB Securities AE for Unauthorised Discretionary Trades

    By Editors | 30/01/2020

    The account executive conducted discretionary trades for a client account for almost two years without obtaining written authorisation.

    Enforcement

    SFC Launches Proceedings Against China Ding Yi Feng Manipulators

    By Editors | 23/01/2020

    On its first day of trading after a 10-month suspension, China Ding Yi Feng has lost 90% of its value, representing HKD 25 billion in lost market value.

    Market Infrastructure

    HKMA Consults on Contractual Stay Provisions in Financial Contracts

    By Editors | 23/01/2020

    FIs will have to adopt provisions in financial contracts binding counterparties to temporary stays on termination rights that may be imposed by the HKMA during bank resolution.

    Fintech / Regtech

    HKMA, BOT Announce Outcomes of Joint CBDC Research

    By Editors | 23/01/2020

    In 3Q 2019, eight Thai banks and two Hong Kong banks (HSBC and ZA Bank) participated in a THB-HKD cross-border corridor network PoC using a CBDC.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team