Securities and Futures Commission

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    Enforcement

    SFC Revokes Fund Manager Licence, Suspends Manager-In-Charge

    By Sanday Chongo Kabange | 12/09/2023

    Axial Capital Management failed to maintain its required liquid capital for 19 straight months and to make various filings on time.

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    Crypto / Digital Assets

    Hong Kong SFC Approves City’s First Real Estate STO

    By Editors | 11/09/2023

    Tykhe Capital Group will launch “Prince Token”, available only to professional investors. Subject to regulatory approval, the token will list on HKbitEX.

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    Market Infrastructure

    HK Clearing Rules Updated to Account for Benchmark Reforms

    By Manesh Samtani | 31/08/2023

    The clearing obligation will no longer apply to transactions referencing LIBOR and EONIA, which have been discontinued.

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    Crypto / Digital Assets

    SFC Grants In-Principle Approval to Swiss Crypto Bank, SEBA

    By Manesh Samtani | 30/08/2023

    SEBA plans to offer brokerage, advisory and asset management services in Hong Kong, covering securities, derivatives and crypto products.

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    Enforcement

    SFC, ICAC Acts Against Suspected Market Manipulation Syndicate

    By Sanday Chongo Kabange | 30/08/2023

    One person was arrested on bribery charges. Brokerage accounts linked to the manipulation scheme were frozen.

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    Market Infrastructure

    HK Establishes Task Force on Enhancing Stock Market Liquidity

    By Sanday Chongo Kabange | 30/08/2023

    The task force will review factors affecting stock market liquidity including the stamp duty and make policy recommendations.

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    Crypto / Digital Assets

    HashKey Announces Launch of Retail Crypto Trading Service

    By Editors | 29/08/2023

    HashKey launched trading services for retail crypto investors, allowing them to trading in bitcoin and ether.

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    Fintech / Regtech

    HKMA Announces Expanded Scope of Fintech Push

    By Sanday Chongo Kabange | 28/08/2023

    The HKMA will take “proactive steps” to assist banks, brokers and insurers to “put fintech solutions into action”.

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    Capital / Liquidity

    SFC Finalises Risk Management Guidelines for Futures Brokers

    By Sanday Chongo Kabange | 28/08/2023

    The new guidelines will take effect from 25 February 2024. An additional 12 months will be provided for certain changes.

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    Enforcement

    SFC Issues Fine for Trade Surveillance, Record-keeping Failures

    By Editors | 22/08/2023

    Alert review records were missing for over 14,000 alerts. Client call records were missing for more than 1,000 orders.

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