Events listed in Hong Kong
SFC and CSRC enter into an MoU on regulatory cooperation
ID 21937
The Securities and Futures Commission of Hong Kong, SFC, has published a press statement to inform of a new Memorandum of Understanding (MoU) that was concluded between the SFC itself and the China Securities Regulatory Commission (CSRC). The agreement supplements the „Trial Administrative Measures of Overseas Securities Offering and Listing by Domestic Companies“ which will come into force at the end of March 2023. ...
Government welcomes Financial Action Task Force’s adoption of Hong ...
ID 21927
The Hong Kong government has published a press release in which it welcomes the „FATF adoption of Hong Kong’s AML and CFT follow-up report“ (please see Event ID 19675 in this context for the FATF publication). The government notes that the FATF report reaffirms that Hong Kong’s current AML and CFT regime is „compliant and effective overall“ making it the first jurisdiction to achieve ...
HKSAR Government’s Inaugural Tokenised Green Bond Offering
ID 21913
The Hong Kong Monetary Authority, HKMA, has published a press statement to announce the successful first ever issuance of a tokenized green bond globally worth HK$800 million „under the Government Green Bond Programme (GGBP)“. The one year bonds, denominated in HK$, were issued on February 15, 2023 with a settlement date of February 16, 2023 (t+1). They have a coupon rate of 4.05% and ...
HKSAR Government continues to refine regime against cross-border tax avoidance
ID 21898
On February 15, 2023, the Hong Kong government published a press statement to announce further upcoming changes to its tax regime following the EU’s reassessment of Hong Kong’s practices with respect to the taxation of large multi-national corporations and the further inclusion of Hong Kong on the EU’s list of jurisdictions that have committed to satisfy all the conditions of the [EU’s guidance on ...
Optimising Fraud and Financial Crime Detection and Reporting (For AIs) (PDF File, ...
ID 21807
On February 9, 2023, the Hong Kong Monetary Authority published a Circular entitled „Optimising Fraud and Financial Crime Detection and Reporting“. The circular is primarily addressed at authorized institutions (AIs), specifically their compliance departments and responsible persons for AML and CFT issues, to inform of the issuance of an updated version of its Guidance on Transaction Monitoring, Screening and Suspicious Transaction Reporting. This *Guidance ...
Accounting and Financial Reporting Council Ordinance (Cap. 588) (Version Date: ...
ID 21798
A revised version of the Accounting and Financial Reporting Council Ordinance was published on Hong Kong’s e-Legislation platform, the official Hong Kong website for publicizing legal texts. Generally speaking, the ordinance specifies the requirements of certified public accountants as regards their registration and work processes and the requirements of public companies in relation to having their records audited. The revised version contains an amendment ...
Inland Revenue (Multilateral Convention to Implement Tax Treaty Related Measures to ...
ID 21788
Following the enactment of the „Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion & Profit Shifting (BEPS)“ in Hong Kong in December 2022, the local government has now published a revised (consolidated) version of the Inland Revenue (Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting) Order on Hong Kong e-Legislation, the official website ...
Applicable Jurisdictional Countercyclical Capital Buffer (CCyB) Ratio for Hong Kong ...
ID 21786
The Hong Kong Monetary Authority (HKMA) has issued a circular to announce that it will leave the countercyclical capital buffer (CCyB) for Hong Kong at 1.00%. The decision follows a careful analysis of (global) economic conditions primarily influenced by the continuing geographic and political tensions and globally rising interest rates due to high inflation levels. The HKMA also points out that there are signs ...
HKEX Signs Cooperation Agreement with Nanjing Financial Affairs Office
ID 21772
The Hong Kong Exchanges and Clearing Limited (HKEX), in short the Hong Kong Stock Exchange, has published a press release to announce that it has signed a Memorandum of Understanding with the Financial Affairs Office of Nanjing Municipal People’s Government primarily to foster the listing of Nanjing-located companies on the Hong Kong exchange. The agreement entails the holding of joint seminars to support firms ...
HKEX Signs Cooperation Agreement with Saudi Tadawul Group
ID 21749
The Hong Kong Exchanges and Clearing Limited (HKEX), the Hong Kong Stock Exchange, has published a press release to announce that it has signed an agreement with the Saudi Tadawul Group Holding Company, the stock exchange operator in the Kingdom of Saudi Arabia to „explore cooperation in a number of areas that will bring mutual benefit to both organisations’ financial markets.“ The agreement entails ...