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Enforcement
HKEX Finalises Rule Changes to Enhance Market Quality
By Manesh Samtani | 21/05/2021
HKEX will increase the profit requirement to HKD 80 million in combined profits over the three years. Proposals to enhance its disciplinary powers and sanctions will also be adopted.
Enforcement
SFC to Investigate, Punish Misconduct in ‘Problematic’ IPOs
By Manesh Samtani | 20/05/2021
In a joint statement with the stock exchange, the SFC says it will not hesitate to take enforcement action against intermediaries for IPO-related misconduct.
Market Infrastructure
HKEX Clears First SOFR-HONIA Cross Currency Swaps
By Editors | 18/05/2021
OTC Clear announced last week that it was launching clearing services for cross-currency interest rates swaps and basis swaps referencing HONIA and SOFR.
Enforcement
Hong Kong: Six Current & Former Directors Fined Over Inside Information
By Editors | 14/05/2021
Timely disclosure of inside information is central to the orderly operation of the market and underpins a fair and informed market, the SFC said.
Securities / Derivatives
OTC Clear Launches Clearing for SOFR-HONIA Cross-currency Swaps
By Editors | 11/05/2021
The SFC has approved the launch of clearing services for cross-currency interest rates swaps and basis swaps referencing HONIA and SOFR.
Securities / Derivatives
Hong Kong Launches Grant Scheme to Lure OFCs, REITs
By Editors | 10/05/2021
OFCs and REITs that set up in Hong Kong can secure funding to cover 70% of eligible expenses paid to Hong Kong-based service providers.
Securities / Derivatives
SFC May Have Doubts About Allowing SPAC Listings – Report
By Sanday Chongo Kabange | 06/05/2021
HKEX is preparing to consult the market by end-June at the earliest. However, market participants believe the odds are low that SPACs will be allowed in Hong Kong.
Enforcement
HKEX Proceeds to Delist Shares of Convoy Global Holdings
By Sanday Chongo Kabange | 06/05/2021
HKEX says its Listing Review Committee has upheld the May 2020 decision to cancel the listing of Convoy Global Holdings.
Securities / Derivatives
HKEX to Lessen Profit Requirement Hike for Main Board IPOs
By Manesh Samtani | 05/05/2021
The three-year profit requirement will be raised from HK$50mn to HK$80mn, compared to the HK$125mn or HK$150mn options proposed in November.
Enforcement
SFC Set to Deploy Data Analytics in Broker Inspections
By Manesh Samtani | 29/04/2021
High volume brokers were asked in 2019 to adopt new data standards to enable more timely data submissions to regulators when requested.
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