Hong Kong

Capital / Liquidity

HKEX Enhances Capital-based Position Limits for Options, Futures

By Manesh Samtani | 07/09/2020

SEOCH and HKCC clearing participants can apply to increase their capital-based position limits, provided they meet a set of criteria.

Market Infrastructure

Green Finance Alliance for Greater Bay Area Launches

By Editors | 06/09/2020

The Alliance has been established to increase funding channels for green projects and guide government policies and investment projects.

HKMA Calls on Financial Sector to Support New Recruitment Scheme

By Editors | 06/09/2020

The Financial Industry Recruitment Scheme for Tomorrow scheme aims to create 1,500 full-time jobs in the financial services industry.

Enforcement

Hong Kong ICAC Charges Two for Defrauding Four Banks

By Sanday Chongo Kabange | 03/09/2020

An SME director and a former clerk allegedly conspired to defraud four commercial banks, the Trade and Industry Department, and Hong Kong Mortgage Corporation.

Capital / Liquidity

HKMA Extends Principal Payment Holiday Scheme Six Months

By Manesh Samtani | 03/09/2020

Loan principal payments of eligible corporate customers falling due between November 2020 and April 2021 will be deferred by six months. Trade loans will be deferred by 90 days.

Securities / Derivatives

SEHK to Codify General Waivers to Streamline Listing Process

By Editors | 02/09/2020

Hong Kong’s stock exchange will codify a number of general waivers and principles relating to IPOs and issuers, effective from 1 October 2020.

Securities / Derivatives

SFC to Enhance OFC Regime to Level Playing Field

By Manesh Samtani | 02/09/2020

The SFC will remove investment restrictions, expand custodian eligibility requirements, and introduce a statutory re-domiciliation mechanism.

Market Infrastructure

Hong Kong: OTC Clear Launches Sponsored Clearing Model

By Manesh Samtani | 31/08/2020

Foreign banks in Hong Kong that are unable to become full clearing members can use the ‘Sponsored Settlement Member’ model to access central clearing via OTC Clear.

Market Infrastructure

SFC, CSRC Approve Hong Kong-Mainland ETF Cross-listing

By Manesh Samtani | 28/08/2020

The new scheme follows the resumption of discussions between the SFC and CSRC in January on setting up an ETF Connect mechanism, after technical issues impeded earlier progress.