Hong Kong

Securities / Derivatives

SFC Sets May 2025 Effective Date for New Market Sounding Guidelines

By Manesh Samtani | 01/11/2024

The SFC has narrowed the scope of the market sounding guidelines and clarified some requirements in response to market feedback.

Market Infrastructure

MPFA Will Work to Achieve “Full Portability” of MPF Benefits

By Sanday Chongo Kabange | 31/10/2024

MPFA’s Ayesha Lau says “full portability” will give employees greater autonomy in MPF management and invigorate competition in the MPF market.

Securities / Derivatives

HKEX to Allow Market Makers in Opening, Closing Sessions

By Editors | 31/10/2024

Market makers will be able to participate in the pre-opening and closing auction sessions for ETFs and leveraged and inverse products starting 1 November.

Market Infrastructure

HKEX to Open Office in Saudi Arabia Next Year

By Sanday Chongo Kabange | 31/10/2024

The SFC separately published guidance explaining how Hong Kong asset managers can offer their funds in the Saudi Arabian market.

Securities / Derivatives

Saudi Arabia Lists First Hong Kong Focused ETFs

By Sanday Chongo Kabange | 31/10/2024

The new ETF initially raised more than $1.2bn and became the largest ETF in the Middle East upon listing on the Saudi Exchange.

Crypto / Digital Assets

Hong Kong’s ZA Bank Starts Trials for New Crypto Trading Service

By Sanday Chongo Kabange | 30/10/2024

ZA Bank CEO Ronald Iu said the trial demonstrates the digital bank’s commitment to supporting the wider development of virtual assets in Hong Kong.

Crypto / Digital Assets

Hong Kong Considering Tax Breaks to Promote Virtual Asset Market

By Manesh Samtani | 30/10/2024

Christopher Hui said the government will introduce further tax concessions for fund managers and family offices to promote the development of certain asset classes, including virtual assets.

Crypto / Digital Assets

BOCHK Becomes First Bank to Use mBridge to Automate Remittances

By Sanday Chongo Kabange | 30/10/2024

BOCHK says it has completed the first fully automated cross-border remittance via mBridge and will continue to do so for selected corporate customers.

Fintech / Regtech

HKMA Launches New Platform to Boost Fintech Collaboration

By Sanday Chongo Kabange | 30/10/2024

The “Fintech Connect” platform will help banks discover innovative solutions developed and offered by fintech solution providers.