Events listed in Hong Kong
InvestHK co-hosts forum in Guangzhou to promote Hong Kong’s advantages in ...
ID 23379
The government of Hong Kong has published a press statement to inform of a financial forum, the so-called Hong Kong – Unparalleled Opportunities to Expand Your Global Business – Cross-border Asset Management and Green Finance Forum, that recently took place as part of the SmartHK Promoting High Quality Development‧Hong Kong Forum which was launched on May 24, 2023. The forum was co-hosted by the ...
Circular to Licensed Corporations and Associated Entities – Anti-Money ...
ID 23378
**The Securities and Futures Commission of Hong Kong, SFC, has published a circular to announce upcoming changes to the Guideline on Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT). The changes reflect the changes in the Anti-Money Laundering and Counter-Terrorist Financing Ordinance brought about by the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2022 which primarily introduces a new licensing regime for virtual ...
SFC concludes consultation on regulation of virtual asset trading platforms
ID 23367
The Securities and Futures Commission of Hong Kong, SFC, has published a consultation conclusion paper as regards its consultation on proposed requirements for virtual asset trading platforms (VATPs) and virtual asset service providers (VASPs). In its conclusion paper, the regulator briefly describes the responses it has received to its consultation and outlines the final guidelines as they will be implemented from June 1, 2023. ...
HKEX to Launch HKD-RMB Dual Counter Model on 19 June 2023
ID 23331
The Hong Kong Exchanges and Clearing Limited (HKEX) – or simply exchange – has published a press statement relating to the launch of its Hong Kong Dollar (HKD)-Renminbi (RMB) Dual Counter Model. Specifically, the new model will be launched on June 19, 2023 and the exchange is now accepting applications for market makers for eligible securities. The dual counter trading model will allow investors ...
SFC consults on revisions to takeovers and share buy-back rules
ID 23326
The Securities and Futures Commission of Hong Kong, SFC, has launched a public consultation on proposed revisions to the Codes on Takeovers and Mergers and Share Buy-backs. The revisions aim to enhance efficiency during a takeover offer, implement existing practices, and make miscellaneous changes throughout to improve clarity on various issues. Some of the changes are briefly outlined below; for all of them, please ...
MPFA shares MPF management tips in an online programme
ID 23308
The Mandatory Provident Fund Schemes Authority, MPFA, has published a press statement to inform of a recent interview conducted by the Hong Kong Economic Times‘ YouTube channel program called „退休積滿Fund. The interview was made with Mr. Eddy Chan, the General Manager (External Affairs) of the MPFA. In the interview, Mr. Chan provided tips on managing and investing in MPF and introduced various digital tools ...
Commencement of the e-HKD Pilot Programme
ID 23307
The Hong Kong Monetary Authority (HKMA) has published a press statement to announce the initiation of the e-HKD Pilot Programme which aims to explore the potential of a retail central bank digital currency (CBDC) known as e-HKD. For a first round of pilot projects taking place in 2023, the HKMA selected 16 firms from the financial, payment, and technology sectors, including the *Bank of ...
Official Launch of Northbound Trading of Swap Connect
ID 23248
Following the most recent publication by the Securities and Futures Commission of Hong Kong (SFC) on May 5, 2023 to inform of some relevant details of new Northbound trading under the SWAP Connect scheme (please see EventID 21136 in this context for more information), the Hong Kong Monetary Authority (HKMA) has now published a press statement in this context. Therein, the Authority informs that ...
Companies Ordinance (Cap. 622) (Version Date: 28/04/2023)
ID 23199
A revised version of the Companies Ordinance was published on the Hong Kong’s e-Legislation platform, Hong Kong’s website for publicizing legal documents. The Ordinance sets out the basic requirements of companies operating in Hong Kong, including requirements pertaining to the naming of a firm, the establishment of an office or branch in Hong Kong, the directorship of a company, the articles of associations, the ...
Government welcomes passage of Inland Revenue (Amendment) (Tax Concessions for ...
ID 23189
The Hong Kong government has published a press statement in which it welcomes the passage of the Inland Revenue (Amendment) (Tax Concessions for Family-owned Investment Holding Vehicles) Bill 2022. The bill is intended to modify the „Inland Revenue Ordinance“ to attract more investment management business and related services to Hong Kong by exempting certain income derived from Family-owned Investment Holding Vehicles (FIHVs) managed by ...