Events listed in Hong Kong
Order on Comprehensive Avoidance of Double Taxation Agreement with Mauritius to be ...
ID 22990
The Hong Kong government has published a press release to announce that a new double taxation order to implement the double taxation agreement between Hong Kong and the Republic of Mauritius signed in November 2022 will soon be tabled at the Legislative Council for negative vetting. To recall, the agreement provides relief with regard to double taxation on income and on capital earned in ...
Guangdong-Hong Kong-Macao Greater Bay Area financial institutions deepen ...
ID 22924
On April 24, 2023, two meetings took place between financial market regulators, industry participants, and several organizations, including the Hong Kong Green Finance Association (HKGFA) and the Greater Bay Area Green Finance Alliance, to further strengthen collaboration in green and sustainable finance in the Guangdong – Hong Kong – Macao Greater Bay (GBA) area. The meetings were co-organized or supported by the Securities and ...
Consultation on annual update to Financial Services Providers list under OTC ...
ID 22909
On April 21, 2023, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) issued a joint consultation paper „on the annual update to the list of Financial Services Providers under the clearing obligation for over-the-counter derivative transactions“. Therein, the two government agencies seek comment on the inclusion of one additional entity (Santander US Capital Markets LLC) which meets the criteria ...
FAQs – Publicly offered investment products: Presentation Materials on ...
ID 22908
On April 21, 2023, the Securities and Futures Commission (SFC) published revised guidelines in form of a presentation about open-end fund companies. The presentation aims to provide basic information to market practitioners concerning the establishment of and all matters related to open-end funds (OF). It cover topics such as – regulatory authorities responsible for oversight (including regulations involved); – the corporate structure of an ...
Tentative issuance schedule for HKSAR Government Bonds under the Institutional Bond ...
ID 22818
The Hong Kong Monetary Authority (HKMA) has published a press release to announce its new tentative issuance schedule for „Government Bonds (GBs) offered under the Institutional Bond Issuance Programme“. The schedule covers the period from April 1, 2023 through September 30, 2023 and sets out the tentative tender and issuance dates, the respective issuance sizes, and the tenors of the instruments. The schedule is ...
Innovation and Technology Venture Fund adds one co-investment partner
ID 22790
The Hong Kong Innovation and Technology Commission announced that it has selected a new venture capital fund (VC fund) to participate in the Innovation and Technology Venture Fund (ITVF) program which now makes it a total of 17 VC funds under the program. The ITVF is a $2 billion co-investment fund established by the Government to encourage „Venture Capital investment in local innovation and ...
Exchange Publishes Consultation Paper on Enhancement of Climate Disclosure under ...
ID 22781
The Hong Kong Exchanges and Clearing Limited, short HKEX, has issued a consultation paper on proposed modifications to the ESG disclosure requirements of listed issuers. Specifically, the Exchange seeks to enhance the obligations of listed issuers to align the disclosure requirements with those set out in the current draft climate standard of the International Sustainability Standards Board (ISSB) which is built on the recommendations ...
Reform of interest rate benchmarks (PDF File, 113.4 KB)
ID 22780
The Hong Kong Monetary Authority (HKMA) has issued a circular as regards the termination of the remaining US dollar LIBOR tenors. Therein, the regulator basically reminds institutions of such termination, which includes the cessation of the 1-month, 3-month, and 6-month tenors, and asks them to distribute the enclosed flyer to their corporate customers. The flyer sets out – the final termination date of the ...
SFC welcomes Stock Exchange consultation on climate-related reporting requirements ...
ID 22779
The Securities and Futures Commission of Hong Kong, SFC, has published a statement confirming its strong support of the recently launched consultation of the Hong Kong Exchanges and Clearing Limited, short HKEX, on proposed modifications to the ESG disclosure requirements of listed issuers (please see EventID 20823 in this context for a detailed description of the consultation). According to the SFC, the consultation is ...
Acting SFST’s opening remarks on financial services at LegCo Finance ...
ID 22752
At a special convention of the Legislative Council on April 12, 2023, the Secretary for Financial Services and the Treasury (FST), Mr. Joseph Chan, presented his budget proposal for legislative year 2023-24. Besides the straight numbers, the Secretary also presented a brief summary of the upcoming areas of focus of the FST which include the following: (1) Enhancing market competitiveness: To further enhance the ...