Securities and Futures Commission

    Fintech / Regtech

    SFC Finds Deficiencies in Investment Services Offered Online

    By Sanday Chongo Kabange | 02/09/2022

    The SFC is calling on licenced corporations to address regulatory deficiencies identified in some investment services offered online.

    Enforcement

    SFC Probes AMTD Over Past Underwriting Deals – Reports

    By Editors | 22/08/2022

    The full scope of the probe into AMTD Group and its current status are “unclear”, but it is said to be related to previous underwriting deals.

    Securities / Derivatives

    Investment Funds Increasingly Setting Up as Singapore VCCs

    By Editors | 17/08/2022

    Singapore has reportedly been welcoming more than a dozen investment funds every month under the VCC regime.

    Market Infrastructure

    SFC, CSRC Agree to Align Trading Calendars for Stock Connect

    By Sanday Chongo Kabange | 15/08/2022

    Northbound and southbound Stock Connect trading will be possible on all trading days when both the Hong Kong and Mainland China markets are open.

    Market Infrastructure

    New Rules on Bookbuilding & Placing Activities Take Effect in Hong Kong

    By Manesh Samtani | 10/08/2022

    The new requirements represent the “most significant” regulation of debt primary markets in Asia-Pacific in recent memory, ICMA said in its latest quarterly report.

    Enforcement

    SFC Fines TC Capital for Due Diligence Failures in Sponsor Work

    By Editors | 03/08/2022

    The SFC said there was a need to send a “strong deterrent message” to the industry and market that “sponsor failures will not be tolerated”.

    ESG / Sustainability

    SFC Sets Out Next Steps on Green Transition Agenda

    By Sanday Chongo Kabange | 03/08/2022

    The agenda focuses on enhancing corporate disclosures, monitoring implementation of existing measures, and advancing work on a carbon market.

    Capital / Liquidity

    SFC Fines Hedge Fund Manager for Liquid Capital Deficit

    By Editors | 31/07/2022

    KTF Capital Management had a HK$20mn deficit between 13 and 18 December 2018 but misrepresented to the SFC that it maintained sufficient liquid capital during the period.

    Securities / Derivatives

    SFC Fines Fourth Broker Over Use of ‘Xinguanjia’ Trading Software

    By Manesh Samtani | 26/07/2022

    The software enabled Mainland investors to trade in Hong Kong without having to open a local securities account. Rifa Futures was fined HKD 9 million for AML and other failures.

    Crypto / Digital Assets

    Hong Kong as a Legal Centre of Excellence for Digital Finance

    By Troy Song | 25/07/2022

    Many crypto exchanges and institutions already choose Hong Kong as the place to resolve their disputes, but more need to be done, says Troy Song.

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