Hong Kong

Market Infrastructure

The Impact of Culture and Conduct – Industry’s Biggest Blind Spot

By Prasanna Venkatesan | 09/04/2019

Looking beyond regulations aimed at cultural reform, Synpulse’s Prasanna Venkatesan discusses how conduct and culture can be operationalised, measured and managed in private banking.

Capital / Liquidity

SFC Finalises Guidelines on Securities Margin Lending

By Editors | 05/04/2019

The guidelines will take effect in October, requiring brokers to limit margin lending to five times their capital, among other controls to reduce excessive leverage.

Market Infrastructure

TMA Consults on HONIA, Hong Kong’s Alternative Rate for HIBOR

By Manesh Samtani | 01/04/2019

The Treasury Markets Association is proposing technical refinements to HONIA to enhance its robustness and representativeness as an alternative reference rate to HIBOR.

Market Infrastructure

HKMA Ups the Competency Bar for Credit Risk Management

By Editors | 31/03/2019

The HKMA – in collaboration with the HKIB and banking sector – has published a new framework aimed at enhancing professional competencies in the credit risk management function.

Fintech / Regtech

HKMA Approves Three Virtual Banks, Five More Being Considered

By Editors | 27/03/2019

The three newly licenced virtual banks are joint ventures involving BOCHK, JD Digits, Jardines, Standard Chartered, HKT, PCCW, Ctrip, ZhongAn Online and Sinolink.

ESG / Sustainability

SFC’s Alder Speaks on “Greening the Financial System’

By Editors | 27/03/2019

The financial sector will have a critical role to play in channelling investment towards sustainable projects on a global scale, said SFC chief Ashley Alder at the Bloomberg BuySide Summit.

AML / KYC

HKEX Offers Listing Applicants Guidance on Sanctions Risk

By Stephen Peepels | 26/03/2019

International law firm Hogan Lovells says the HKEX guidance provides significant insight into how it will consider international trade and sanctions issues in the context of IPO transactions.

Big Picture

Hong Kong Consumers Willing to Share Personal Data – Accenture

By Editors | 25/03/2019

Although 60% of Hong Kong consumers say they are very cautious about data privacy, more than half are willing to share significant personal data for lower pricing on financial services.

Securities / Derivatives

SFC Orders Brokers to Freeze Client Assets in Market Manipulation Case

By Editors | 22/03/2019

The prohibition orders as part an investigation into suspicious trading which appeared to create a false market in China Ding Yi Feng shares leading to an “irrationally high share price”.