Hong Kong

Fintech / Regtech

Hong Kong to Announce AI Policy by End-October – Report

By Thisanka Siripala | 20/09/2024

The policy statement, expected to be released during Hong Kong FinTech Week, is intended to clarify the government’s supportive stance on AI technology.

Securities / Derivatives

Hong Kong Market Will Stay Open During Typhoons Starting Monday

By Manesh Samtani | 20/09/2024

Market participants accounting for 99.9% of the securities market and all derivatives participants have declared they are fully prepared for the reform.

Market Infrastructure

US, Hong Kong Cut Rates for the First Time in Four Years

By Manesh Samtani | 19/09/2024

The last time the US Federal Reserve and HKMA lowered their benchmark interest rates was during the early days of the Covid-19 pandemic in 2020.

ESG / Sustainability

HKICPA Consults on Exposure Drafts to Adopt ISSB Standards

By Manesh Samtani | 19/09/2024

The exposure drafts are open for consultation until 27 October. The standards will be finalised by end 2024 and take effect on 1 August 2025.

Securities / Derivatives

Saudi Exchange to List First HK-Focused ETFs This Year

By Editors | 18/09/2024

Hong Kong listed APAC’s first Saudi-focused ETF in November 2023. Paul Chan said two HK-focused ETFs will list in Saudi Arabia this year.

AFRC Identifies Gaps in Hong Kong Accounting Profession

By Sanday Chongo Kabange | 18/09/2024

The AFRC has directed the HKICPA to improve its processes for developing and improving the quality of CPD training courses.

Enforcement

SFC Reaches Compensation Deal for Shareholders of Delisted Firm

By Sanday Chongo Kabange | 17/09/2024

If approved by the court, three former directors who siphoned money from a now-delisted company will pay HK$192mn in compensation to minority shareholders.

Market Infrastructure

Hong Kong, Macao to Establish Bond Market Infrastructure Link

By Sanday Chongo Kabange | 17/09/2024

Investors in Hong Kong and Macao will be able to clear, settle and hold bonds in each other’s markets using their existing home market infrastructure.

ESG / Sustainability

HKMA, DFSA to Deepen Collaboration on Sustainable Finance

By Sanday Chongo Kabange | 17/09/2024

The HKMA and DFSA signed an MoU to deepen cross-border dialogue, information exchange and joint research on sustainable finance.