Events listed in Hong Kong
HKMA Quarterly Bulletin and Half-Yearly Monetary and Financial Stability Report ...
ID 25121
The Hong Kong Monetary Authority (HKMA) has published its latest semi-annual Monetary and Financial Stability Report. The report provides an update on macroeconomic issues such as price stability and economic outlook and summarizes some key risks in the near future as they may materialize in the financial market. Some of the key points are briefly noted below; for more detailed, comprehensive information, please refer ...
SFC-HKMA joint product survey in 2022 shows shifts to investments in money market ...
ID 25089
The Securities and Futures Commission of Hong Kong, SFC, and the Hong Kong Monetary Authority, HKMA, have published the results of a joint survey on „the Sale of Non-exchange Traded Investment Products 2022“ which was announced in an SFC circular (Circular SFO/IS/039/2022) in December 2022. Please also see EventID #18670 in this context for more information. The survey, which is conducted annually and mandatory ...
HKEX FINI to Launch on 22 November
ID 25087
The Hong Kong Exchanges and Clearing Limited (HKEX) has announced the launch date for FINI, Hong Kong’s new digitalized IPO settlement platform, which is set for November 22, 2023. This launch marks a significant milestone in the development of Hong Kong’s capital markets. Starting from November 22, 2023, the existing IPO settlement platform using CCASS will no longer be used for initiating IPOs. All ...
AML/CFT Regtech: Case Studies and Insights Volume 2
ID 25056
On September 25, 2023, the Hong Kong Monetary Authority (HKMA) released a report titled AML/CFT Regtech: Case Studies and Insights Volume 2 which is primarily addressed at financial institutions to keep them up-to-date on the use of RegTech in the banking sector. This report showcases real-world examples of banks using RegTech to enhance their Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) efforts. It ...
SFC steps up information dissemination and investor education on VATPs
ID 25055
The Securities and Futures Commission of Hong Kong (SFC) has issued a press statement to inform that it is taking further steps to reinforce information dissemination and investor education regarding unregulated virtual asset trading platforms (VATPs). This move comes as a consequence to recent concerns about the activities of unregulated VATPs, particularly of JPEX, an unregulated crypto-asset trading platform, against which there are ongoing ...
HKMA Designates Market Makers for Southbound Trading under Bond Connect
ID 25047
The Hong Kong Monetary Authority (HKMA) has announced the designation of nine additional financial institutions as market makers for Southbound Trading under Bond Connect, expanding the total number of designated market makers from 13 to 22. The newly designated market makers include China International Capital Corporation Hong Kong Securities Limited, CMB Wing Lung Bank Limited, CSI Global Markets Limited, DBS Bank Limited, Deutsche Bank ...
SFC amends takeovers and share buy-backs codes
ID 25031
Following a corresponding consultation in May this year (EventID 21316), the Securities and Futures Commission of Hong Kong, SFC, has published a consultation conclusion paper on proposed revisions to the Codes on Takeovers and Mergers and Share Buy-backs. #### Background In its consultation, the SFC proposed several revisions aimed at enhancing transparency and fairness in takeover and merger transactions and ensuring that shareholders are ...
HKEX Signs Cooperation Agreement with Guangxi Government
ID 24971
Hong Kong Exchanges and Clearing Limited (HKEX) has published a press release to inform that the People’s Government of Guangxi Zhuang Autonomous Region and HKEX have entered into a Memorandum of Understanding (MoU) aimed at strengthening cooperation and facilitating the listing process for Guangxi-based companies in Hong Kong. The MOU encompasses various initiatives primarily to support Guangxi-based organizations, including the joint hosting of seminars ...
Circular to intermediaries Cybersecurity review of selected licensed corporations
ID 24951
The Securities and Futures Commission (SFC) has issued a circular addressed at financial market intermediaries to inform that it will launch a cybersecurity review of selected licensed corporations (LCs) to evaluate LCs‘ cybersecurity management, compliance, and information system resilience against cyber threats. This review aligns with the SFC’s emphasis on cybersecurity and follows a review of recent cybersecurity incidents and on-site inspections which reveale ...
FAQs – Mainland-Hong Kong Mutual Recognition of Funds: Frequently Asked ...
ID 24926
The Securities and Futures Commission of Hong Kong (SFC) published revised Frequently Asked Questions (FAQs) on Mainland-Hong Kong Mutual Recognition of Funds. The FAQs outline, among other things, the eligibility requirements for being recognized as a mutually recognized fund (MRF), ongoing operations requirements, disclosure requirements for MRF funds, licensing requirements of the Hong Kong representative of a Mainland fund, and distribution and sales obligations ...