Events listed in Hong Kong
Strengthening Fintech Co-operation between the Hong Kong Monetary Authority and the ...
ID 25895
The Hong Kong Monetary Authority (HKMA) has published a press statement to inform that the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market have entered into a Memorandum of Understanding (MoU). This MoU aims to enhance the existing collaboration between the two authorities in FinTech, specifically focusing on cross-border trade data exchange and fostering joint business initiatives. The primary goal is ...
MPFA actively encourages the use of ETFs in MPF
ID 25880
The Mandatory Provident Fund Schemes Authority (MPFA) has published a statement in which it informs of a recent speech held by Mr. Eric Cheng, Director of Policy at the Mandatory Provident Fund Schemes Authority (MPFA) as part of an event initiated by the Hong Kong Exchanges and Clearing Limited (HKEX) on „The Future of ETFs in MPF’s Portfolios“. In this speech, Mr. Cheng emphasized ...
Planned System Enhancement for the Faster Payment System on 26 November 2023
ID 25871
The Hong Kong Monetary Authority, HKMA, has published a press release to inform that the Faster Payment System (FPS) will undergo a planned system enhancement, leading to an unavailability of services from 1:00 a.m. to 11:00 a.m. on November 26, 2023 (Sunday). This enhancement is conducted by the Hong Kong Interbank Clearing Limited, the FPS operator. To ensure seamless communication, the HKMA has urged ...
Government welcomes passage of Stamp Duty (Amendment) (Stock Transfers) Bill 2023
ID 25827
The Hong Kong government published a press statement to inform of and welcome the passing of the Stamp Duty (Amendment) (Stock Transfers) Bill 2023 on November 16, 2023 to be effective on November 17, 2023. The Bill modifies the Stamp Duty Ordinance to reduce the stamp duty rate on stock transfers, including sales and purchases, from 0.13% to 0.1%. The purpose of the rate ...
Tentative issuance schedule for Exchange Fund Bills and Notes
ID 25813
The Hong Kong Monetary Authority (HKMA) has published a press release to announce its new tentative issuance schedule for „Exchange Fund Bills and Notes (EFBNs)“. The schedule covers the period from January 1, 2024 through March 31, 2024 and sets out the tentative tender and issuance dates, the respective issuance sizes, and the tenors of the instruments. The schedule is tentative only which means ...
Circular to Licensed Corporations, SFC-licensed Virtual Asset Service Providers and ...
ID 25804
The Securities and Futures Commission, SFC, has issued a circular providing guidance to licensed corporations, associated entities, and virtual asset service providers on complying with key anti-money laundering (AML) and countering the financing of terrorism (CFT) requirements. Specifically, the circular refers to and includes an updated AML/CFT Self-Assessment Checklist which has incorporated revisions to reflect the latest *Guideline on Anti-Money Laundering and Counter-Fi ...
Family office academy highlighted
ID 25784
Christopher Hui, Secretary for Financial Services & the Treasury in Hong Kong, recently released a press statement in which he informs of the establishment of the new Hong Kong Academy for Wealth Legacy (HKAWL) which is part of the government’s strategy to enhance the family office sector in the region. The HKAWL aims to serve as a comprehensive training platform for professionals involved in ...
SFC inaugurates Forum on Sustainability Disclosures
ID 25783
The Securities and Futures Commission (SFC) of Hong Kong recently organized the inaugural Forum on Sustainability Disclosures to address the development of a sustainability disclosure ecosystem for Hong Kong. The forum was attended by over 200 industry leaders, policymakers, and stakeholders from Hong Kong, Mainland China, and the Asia-Pacific region. It emphasized the benefits of adopting international sustainability reporting and assurance standards in Hong ...
Deepening Fintech Innovation Supervisory Cooperation in the Guangdong-Hong ...
ID 25728
The Hong Kong Monetary Authority (HKMA), the People’s Bank of China (PBoC), and the Monetary Authority of Macao (AMCM) have jointly announced the signing of a „Memorandum of Understanding on Deepening Fintech Innovation Supervisory Cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA)“. This agreement aims to establish a network between the PBoC’s Fintech Innovation Regulatory Facility, the HKMA’s Fintech Supervisory Sandbox, and the ...
Circular to licensed corporations on prudent risk management in providing IPO ...
ID 25711
With relation to the new FINI platform to „streamline and digitalise the IPO settlement process in Hong Kong“ expected to launch on 22 November 2023, the SFC has posted a circular reminding LCs to continuously manage their risks when providing IPO services. Prudent credit risk management – Ensuring that clients have sufficient funding to settle IPO obligations – Setting conservative and realistic credit limits ...