Securities and Futures Commission

    Market Infrastructure

    CSRC, SFC Outline Plans to Include ETFs in Stock Connect

    By Manesh Samtani | 30/05/2022

    Preparation for formal implementation will take about two months. ETF eligibility criteria have been published by HKEX, SSE and SZSE for consultation.

    Securities / Derivatives

    HKMA Directs Banks to Comply with New Rules for Trust Business

    By Editors | 29/05/2022

    Banks and their subsidiaries have until 1 June 2023 to comply with new regulatory requirements for their trust business and related activities.

    Enforcement

    HK ICAC Charges Ex-Sunway Employee for Money Laundering

    By Editors | 19/05/2022

    A former personal assistant helped his boss to launder HKD 125 million borrowed from listed company Sunway International Holdings.

    Fintech / Regtech

    SFC Grants In-principle Approval to HashKey Crypto Platform

    By Manesh Samtani | 30/04/2022

    HashKey’s platform will offer trading, brokerage and automated trading services for cryptocurrencies, virtual commodities, stablecoins and security tokens.

    Market Infrastructure

    HKEX, SFC to Open HKIDR Testing to Market on 16 May

    By Sanday Chongo Kabange | 27/04/2022

    Regulated intermediaries are asked to get ready for the testing, which is mandatory. The HKIDR is expected to be implemented in the later part of Q4 2022.

    Securities / Derivatives

    SFC Proposes Amendments to Position Limit Regime

    By Editors | 26/04/2022

    The proposals will expand the list of futures and options contracts for which the SFC may prescribe position limits.

    Securities / Derivatives

    SEHK Adopts New Rules for Bookbuilding, Placing Activities

    By Editors | 25/04/2022

    The listing rule amendments, due to take effect in August, are a consequence of changes to the Code of Conduct finalised by the SFC in October.

    AML / KYC

    Hong Kong is Moving to a Robust Regulatory Framework for Crypto

    By Etelka Bogardi | 19/04/2022

    Etelka Bogardi and Amy Chung say Hong Kong’s efforts to regulate the crypto sector and stablecoin market are on the whole in line with international trends while leaving room for further development.

    Enforcement

    SFC Bans China Tonghai Securities Representative for 20 Months

    By Editors | 12/04/2022

    The representative conducted 1,089 trades in clients’ stock options accounts but was only given specific authorisation for 87 trades of the trades.

    ESG / Sustainability

    Hong Kong Launches Climate Risk Data Source Repository

    By Editors | 06/04/2022

    The repository contains a set of available data sources to help FIs manage climate-related risks and set climate-related goals and strategies.

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