Events listed in Hong Kong
The HKMA supports the launch of bank-to-bank information sharing platform
ID 23777
The Hong Kong Monetary Authority (HKMA) has published a press release to announce that the Hong Kong Association of Banks (HKAB), the Hong Kong Police Force (HKPF), and the HKMA itself have jointly launched the Financial Intelligence Evaluation Sharing Tool (FINEST) on June 20, 2023. FINEST is a platform that facilitates the sharing of information between banks to improve their ability to detect and ...
HKEX Launches HKD-RMB Dual Counter Model and Dual Counter Market Making Programme
ID 23762
In view of the launch of the Hong Kong Dollar (HKD)-Renminbi (RMB) Dual Counter Trading Model on June 19, 2023, the Hong Kong Exchanges and Clearing Limited (HKEX) has published a press statement in which Nicolas Aguzin, the CEO of HKEX, expressed his satisfaction with the launch, emphasizing the importance of the internationalization of the RMB in global markets. He stated that the Dual ...
Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615) (Version ...
ID 23697
A new version of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance was published on Hong Kong e-Legislation, the official platform of the Hong Kong government for publicizing legal documents. The new version contains the remaining amendments resulting from the coming into force of the AML and CFT (Amendment) Bill 2022. To recall, the new bill requires virtual asset service providers to meet fit and ...
Stock dual counter model set
ID 23668
In view of the upcoming launch of the Hong Kong Dollar (HKD)-Renminbi (RMB) Dual Counter Trading Model on June 19, 2023, the Hong Kong government has republished an article posted by Secretary for Financial Services & the Treasury Christopher Hui in this context. Therein, Mr. Hui emphasizes the significance of the new model which will allow investors to trade securities issued in both HKD ...
Network of Family Office Service Providers launched to promote Hong Kong as ...
ID 23667
On June 12, 2023, the new Network of Family Office Service Providers was officially launched by Invest Hong Kong and Financial Secretary Mr. Paul Chan. The new network is a platform to support the establishment and expansion of family offices in the Hong Kong market, thereby bringing together „relevant professional services providers, including private bankers, trustees, lawyers, accountants, wealth management professionals, etc, to create ...
The fourth Anti-Money Laundering Regtech Lab: supporting an agile, coordinated and ...
ID 23618
The Hong Kong Monetary Authority (HKMA) has published a press statement to inform that Cyberport – a government owned organization tasked with spurring entrepreneurship, supporting startups, promoting strategic collaboration with local and international partners to drive industry development, and facilitating digital transformation in both public and private sectors – and the HKMA itself recently organized the fourth Anti-Money Laundering Regtech Lab (AMLab 4) in ...
SFC updates guidance to prepare for HKD-RMB Dual Counter Model
ID 23595
On June 6, 2023 the Securities and Futures Commission of Hong Kong, SFC, issued a press statement to inform that it has published updated versions of its Guidance Note on Short Selling Reporting and Stock Lending Record Keeping Requirements and corresponding frequently asked questions (FAQs) to prepare for the implementation of the HKD-RMB Dual Counter Model on June 19, 2023. **The Guidance Note clarifies ...
The HKMA welcomes the launch of the HKD-RMB Dual Counter Model and the Dual Counter ...
ID 23585
The Hong Kong Monetary Authority, HKMA has issued a press statement in view of the upcoming new HKD-RMB Dual Counter Trading Model which is expected to begin on June 19, 2023. Therein, the Authority expresses its full support of the upcoming new trading model which will promote the utilization of the RMB in equity trading within Hong Kong and enhance the scope of RMB ...
Inland Revenue Ordinance (Cap. 112) (Version Date: 19/05/2023)
ID 23565
A new consolidated version of the Inland Revenue Ordinance was published on Hong Kong e-Legislation, the official website of the Department of Justice for publicizing legal documents. The consolidated version contains the amendments made by the Inland Revenue (Amendment) (Tax Concessions for Family-owned Investment Holding Vehicles) Bill 2022 which was passed by the Legislative Council on May 19, 2023. Specifically, it amends below noted ...
SFC concludes consultation on the position limit regime
ID 23560
Following the launch of two consultations on proposed revisions to its position limit regime (please see EventID #15414 and EventID 18459 in this context for more information), the Securities and Futures Commission of Hong Kong, SFC, has now published a consultation conclusion document in this context. In this conclusion document, the SFC outlines the responses it has received to its second consultation (the responses ...