Hong Kong

Enforcement

HKMA Endorses Benefits of Cooperation

By Will Hallatt | 07/09/2018

The HKMA’s guidance note expressly signals its desire to encourage and facilitate cooperation in investigations and enforcement proceedings, noting time, cost and resource savings for the regulator and institutions or individuals concerned.

ESG / Sustainability

FundForum: Nurturing Growth in Hong Kong’s Asset Management Sector – SFC

By Manesh Samtani | 06/09/2018

The SFC’s Alexandra Yeong says Hong Kong has made great strides towards becoming a global centre for asset management.

Capital / Liquidity

Stable Outlook For HK Banks Amid Steady Economic Growth – Moody’s

By Garima Chitkara | 04/09/2018

A benign economic environment will support Hong Kong bank profitability and asset quality. However, increasing interest rates in the US could tighten bank liquidity.

Fintech / Regtech

HKMA Receives 29 Bids for First Round of Virtual Bank Licences

By Garima Chitkara | 03/09/2018

Standard Chartered, WeLab, Zhong An Bank and HKT among several banking, technology and telecom firms applying for virtual banking licenses.

AML / KYC

SFC Urges Licensed Firms To Strengthen AML/CFT Measures

By Editors | 03/09/2018

Hong Kong firms need to step up AML/CFT compliance keeping in mind deficiencies and gaps found during the regulator’s thematic reviews and on-site exceptions.

Capital / Liquidity

HKMA to Exempt Overseas Incorporated Banks from IRRBB Framework

By Editors | 03/09/2018

Central bank to exempt institutions incorporated overseas from new local IRRBB framework in cases where parent group is not additionally represented in Hong Kong through a locally incorporated institution.

Fintech / Regtech

The Future of Equity Crowdfunding in Hong Kong

By Kristi Swartz | 29/08/2018

Equity crowdfunding may not have specific regulations in Hong Kong, but it is potentially subject to restrictions and barriers to entry under existing rules. Yet, there is room to work alongside regulators to develop and test new products in this market.

Securities / Derivatives

HK-China Bond Connect Enables DvP Settlement

By Editors | 27/08/2018

A key demand from international investors, a real-time delivery-versus-payment settlement system has now been implemented on the Bond Connect.

AML / KYC

HKEX Unveils Details of New Northbound Investor ID Regime

By Garima Chitkara | 27/08/2018

HKEX to launch secure file transfer protocol service for exchange participants later this month to ensure smooth transition to new investor ID regime for northbound trading, set for 17 September.