Hong Kong

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    Crypto / Digital Assets

    Hong Kong Circulates Tax Break Proposal for Hedge Funds, Family Offices

    By Nithya Subramanian | 03/12/2024

    The proposal will expand the tax exemptions for PE funds, hedge funds and family offices to cover gains from virtual assets, carbon credits, and other asset classes.

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    Market Infrastructure

    HKMA Issues New Statutory Guideline on Cyber Risk Management

    By Manesh Samtani | 03/12/2024

    The SPM module articulates the HKMA’s policy, overarching principles, and supervisory approach on banks for managing cyber risks.

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    ESG / Sustainability

    Deadline Looms for Hong Kong-Listed Firms to Get Women on Board

    By Mark Johnston | 02/12/2024

    With an end-December deadline looming, 250 Hong Kong-listed companies are under pressure to appoint at least one woman to their boards.

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    HKEX Announces Retirement of Key Executive Wilfred Yiu

    By Sanday Chongo Kabange | 02/12/2024

    Wilfred Yiu oversaw the implementation of the Connect programme expansion, ETF reforms, derivatives holiday trading, dual counter model, and severe weather trading.

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    Enforcement

    ICAC Charges Former SFC Manager for Sharing Confidential Information

    By Sanday Chongo Kabange | 02/12/2024

    The former SFC manager shared confidential information about a 2023 rights issue to personal friends who used it to make HK$11mn in trading profit.

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    ESG / Sustainability

    Five Firms Adopt HK’s Code for ESG Ratings & Data Providers

    By Sanday Chongo Kabange | 02/12/2024

    Bloomberg, CDP, MioTech, Moody’s, and MSCI ESG Research LLC have signed up to adopt the new code of conduct for ESG ratings and data products providers.

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    Enforcement

    Hong Kong Tribunal Penalises Former China Forestry Execs

    By Nithya Subramanian | 01/12/2024

    Five-year disqualification and cold shoulder orders were issued against two former executives. One was ordered one to disgorge HK$353mn.

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    Crypto / Digital Assets

    HKMA Announces Launch of Digital Bond Grant Scheme

    By Editors | 30/11/2024

    The scheme offers grants of up to HK$2.5mn for each eligible digital bond issuance to promote bond tokenisation in Hong Kong.

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    Fintech / Regtech

    HKUST Launches New GenAI Platform for Financial Sector

    By Sanday Chongo Kabange | 29/11/2024

    HKUST’s new InvestLM, designed to support the financial services industry, is available through the HKMA’s GenAI Sandbox.

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    Securities / Derivatives

    HKIC Invites Firms to Help Manage New CIES Investment Portfolio

    By Sanday Chongo Kabange | 28/11/2024

    Eligible fund managers have until 10 December to submit their proposals on how to achieve the objectives of the CIES investment portfolio.

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