Events listed in Hong Kong
Circular in relation to the clearing and record keeping rules for the OTC ...
ID 26038
The Securities and Futures Commission of Hong Kong (SFC) has issued a circular entitled Circular in relation to the clearing and record keeping rules for the OTC derivatives regime – changes to the list of persons designated as financial services providers to inform of the updated list of firms designated as financial service providers [FSPs] in Hong Kong. This list includes the name of ...
Sale and Distribution of Green and Sustainable Investment Products (PDF File, 335.1 ...
ID 26034
In view of the growing interest in ESG-related products and services, the Hong Kong Monetary Authority (HKMA) has recently reviewed the practices of registered institutions (RIs), including retail banks, corporate banks, and private banks, as regards the sale of ESG products (investment funds, green bonds, and certain structured products). The aim was to ensure sufficient safeguards and measures by institutions to monitor the fulfillment ...
Circular to Licensed Corporations, SFC-licensed Virtual Asset Service Providers and ...
ID 26021
The Hong Kong Securities and Futures Commission, SFC, has published a circular to inform financial market participants about the availability of material relating to the webinar on Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) that took place on November 15 and November 16, 2023. The webinar addressed / included the following main topics: (1) recent major AML/CFT regulatory developments (2) supervisory observations relating ...
LCQ6: Cross-boundary Wealth Management Connect Scheme in the Guangdong-Hong ...
ID 25993
During a session of the Legislative Council on November 29, 2023, Mr. Christopher Hui, Secretary for Financial Services and the Treasury, provided *answers to a number of questions raised by Parliament members in connection with the announcement of upcoming enhancements to the Wealth Management Connect (WMC)* scheme to expand the list of eligible products that may be traded in the Guangdong-Hong Kong-Macao Greater Bay ...
HKEX Signs Agreement with China Beijing Green Exchange to Promote Green Finance and ...
ID 25965
The Hong Kong Exchanges and Clearing Limited (HKEX) has issued a press release in which it informs about the signing of a Memorandum of Understanding (MOU) with the China Beijing Green Exchange (CBGEX). This agreement aims to facilitate cooperation across several key areas, notably the establishment of an ESG (Environmental, Social, and Governance) ecosystem, the promotion of sustainable finance, and active contribution to the ...
Bill on foreign gains tax passed
ID 25964
On November 28, 2023, the Hong Kong government published a press statement in which it informs and welcomes the passing of the Inland Revenue (Amendment) (Taxation on Foreign-sourced Disposal Gains) Bill 2023 by the Legislative Council. The Bill further refines the foreign-sourced income exemption (FSIE) regime for large Multi-National Entities (MNEs) that has been in place since January 1, 2023. The current regime requires ...
Public consultation on promoting paperless corporate communication for Hong Kong ...
ID 25943
In an effort to adapt to digitization, reduce burdens of listed and non-listed companies in Hong Kong as regards the dissemination of documents (e.g. financial reports, prospectus), and align with recent changes of the HKEX’s listing rules, the Financial Services and the Treasury Bureau (FSTB) has launched a consultation on proposed amendments to the Companies Ordinance. Specifically, the FSTB seeks to **(1) Implement an ...
Payment system alert launched
ID 25933
The Hong Kong government has published a press statement to inform of the launch of the „Faster Payment System (FPS) Suspicious Proxy ID Alert“ to enhance fraud prevention in financial transactions. This Alert is the outcome of a joint collaboration between the Hong Kong Police Force (HKPF) and various financial institutions operating in Hong Kong. The key objective of the Alert is to warn ...
HKEX Adds Indonesia Stock Exchange as Recognised Stock Exchange
ID 25929
The Stock Exchange of Hong Kong Limited (HKEX) has issued a statement to inform of the addition of the Indonesia Stock Exchange (IDX) as a Recognized Stock Exchange (RSE) by HKEX which opens up significant opportunities for companies listed on IDX’s main market. Specifically, the designation allows them to pursue a secondary listing in Hong Kong, broadening their access to global investors and enhancing ...
Stamp Duty Ordinance (Cap. 117) (Version Date: 17/11/2023)
ID 25910
A new version of the Stamp Duty Ordinance was published on Hong Kong’s e-Legislation platform, the official site for the publication of legal documents. The updated version contains amendments to the First Schedule which reflect the recent enactment of the Stamp Duty (Amendment) (Stock Transfers) Bill 2023 lowering the stamp duty rate on stock transfers from 0.13% to 0.1% (please see EventID 24059 in ...