Hong Kong

Market Infrastructure

HK to Advance Paperless Corporate Communications Regime

By Sanday Chongo Kabange | 28/09/2024

Listed and non-listed companies will be allowed to rely on implied consent for disseminating corporate communications via websites.

Hong Kong FSDC, Beijing Financial Bureau Sign Collaboration Pact

By Sanday Chongo Kabange | 26/09/2024

The pact seeks to nurture a conducive environment for growth and innovation for the Hong Kong and Beijing financial sectors.

Enforcement

SFC Imposes Six Month Ban on Former Goldman Trader

By Mark Johnston | 25/09/2024

The former trader tried to dishonestly conceal a trade execution error, in breach of the Code of Conduct.

Enforcement

SFC Suspends Ever-Long Securities Director for Sponsor Failures

By Mark Johnston | 25/09/2024

The SFC said the former RO breached the Code of Conduct and failed to exercise due skill, care, and diligence in sponsor work.

Market Infrastructure

Navigating Hong Kong’s New Critical Infrastructure Cybersecurity Framework

By Albert Yuen | 25/09/2024

Albert Yuen and Jasmine Yung at Linklaters discuss the proposed new Cybersecurity CI Framework and implications for critical infrastructure operators.

Capital / Liquidity

Major HK Banks Can Handle Risks from Property Loans – S&P Global

By Manesh Samtani | 24/09/2024

Property market strains are “manageable” for large Hong Kong banks, though small and midsize banks with concentrated CRE exposures could face pressure.

Crypto / Digital Assets

HKMA Commences Phase 2 of e-HKD Pilot Programme

By Manesh Samtani | 24/09/2024

Over 20 firms were selected to explore innovative use cases for e-HKD and tokenised deposits across three themes.

Securities / Derivatives

HKEX Establishes Task Force to Develop New Funds Platform

By Editors | 23/09/2024

The task force comprises representatives from AllianceBernstein, Amundi, ASIFMA, Blackrock, HKIFA, Invesco and other firms.

Fintech / Regtech

HKMA Invites Banks to Apply for GenAI Sandbox Participation

By Manesh Samtani | 23/09/2024

The AI/GenAI sandbox trials will focus on three areas: risk management, anti-fraud measures, and customer experience.