Hong Kong

Market Infrastructure

Hong Kong, Netherlands Agree Mutual Recognition of Funds

By Editors | 16/05/2019

Hong Kong and Dutch regulators have set out a framework for the exchange of information and mutual recognition of funds registered in both jurisdictions.

Fintech / Regtech

Hong Kong, Thailand Central Banks Sign Fintech Collaboration Agreement

By Editors | 15/05/2019

HKMA and BOT have agreed to collaborate on fintech innovation, including through a joint research project on the development of a central bank digital currency.

Market Infrastructure

HKEX Reports on Business Progress in Quarterly Results

By Manesh Samtani | 10/05/2019

Among the updates are plans to extend trading hours for derivatives products and introduce new interest rate derivatives. HKEX also reportedly plans to shorten IPO settlement to T+1.

Fintech / Regtech

HKMA Grants Four More Virtual Bank Licences

By Manesh Samtani | 09/05/2019

Ant Financial, Tencent, ICBC Asia, HKEX, Xiaomi and Ping An are among the backers of the four licence recipients, bringing the total number of virtual banks in Hong Kong to eight.

Market Infrastructure

HKEX, Euroclear to Bring European ETFs to Hong Kong

By Editors | 08/05/2019

HKEX will become the first Asian stock exchange to adopt Euroclear’s international central securities depository ETF settlement model, which allows trades in different markets to be settled in a central location.

Securities / Derivatives

HKMA Launches Green and Sustainable Banking Initiative

By Manesh Samtani | 08/05/2019

The measures include the development of a common framework and methodology for banks to assess how ‘green’ they are, and requirements to meet supervisory targets in this regard.

Market Infrastructure

HKEX Pushes Forward Commodities Business in China

By Manesh Samtani | 08/05/2019

HKEX  is working with the Guangdong government to launch a pilot scheme for LME metals warehousing under the Greater Bay Area project.

AML / KYC

US Judge Subpoenas Chinese Banks in Sanctions Probe – Report

By Editors | 07/05/2019

A US federal judge has ordered three Chinese banks to provide documents in relation to a Hong Kong company which allegedly helped North Korea evade international sanctions.

Market Infrastructure

Securities Association Says MPFA Needs to Enable China Market Access

By Editors | 06/05/2019

MPF managers are allowed to invest in 40 approved overseas exchanges, but this does not include exchanges in China.