Hong Kong

Anti-Money Laundering

HK Court Clarifies Money Laundering Rule

By Samuel Riding | 27/07/2016

Judgment suggests even ‘clean’ money can lead to prosecution if there are circumstantial indications of an offence.

Trading & Investment

HK’s Relaunched Closing Auction Takes 2.2% of Volume on 1st Day

By Samuel Riding | 26/07/2016

Measure reintroduced to improve accuracy of closing share prices receives muted response.

Structural Regulation

Additional SFC Powers Said to Impede Market Growth

By Samuel Riding | 25/07/2016

Chamber of Hong Kong Listed Companies says reform will threaten market development.

Clearing & Post-Trade

HKEX Announces New Head of OTC Clearing

By Samuel Riding | 22/07/2016

“Hong Kong Exchanges and Clearing Limited (HKEX) has appointed Jacky Mak as Managing Director, Head of OTC Clearing, effective Monday, […]

Trading & Investment

SFC Said Surveying Brokerages on Dark Pool Compliance

By Samuel Riding | 19/07/2016

Dark pools comprised about 1.6% of Hong Kong securities market turnover last month.

Clearing & Post-Trade

HK Issues OTC Clearing Revisions

By Samuel Riding | 15/07/2016

HKMA and SFC consultation conclusions add further proposed revisions.

Resolution & Recovery

HK Banks to Step up Failure Planning – Fitch

By Samuel Riding | 08/07/2016

Rating agency notes Hong Kong is one of the few Asian jurisdictions to allow bail in.

Fraud, Scams & Cybercrime

Indian Auditor General Eyes Regulator’s Performance

By Samuel Riding | 05/07/2016

Comptroller says performance audits would mitigate the risk of financial frauds.

Trading & Investment

HKEx to Introduce Closing Auction Session

By Samuel Riding | 04/07/2016

Closing auction to be reintroduced third quarter to bring HKEx back in line with global peers.