Events listed in Hong Kong
FSTB publishes details of three major initiatives announced in Hong Kong FinTech ...
ID 25664
Following the announcement of three major initiatives during Hong Kong’s latest FinTech week to foster the application of FinTech and the development of Hong Kong as a key financial market place by the Secretary for Financial Services and the Treasury, Mr Christopher Hui, the Financial Services and the Treasury Bureau (FSTB) has now released a corresponding document to provide more details on those initiatives. ...
Applicable Jurisdictional Countercyclical Capital Buffer (CCyB) Ratio for Hong Kong ...
ID 25653
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% for the time being. The decision follows a careful analysis of global and local economic conditions. In this context, the HKMA notes that – although quantitative indicators suggest well-contained overheating risks in Hong Kong – increased uncertainties in ...
HKEX Plans to Develop Integrated Fund Platform for Distribution of Hong Kong Retail ...
ID 25641
Hong Kong Exchanges and Clearing Limited (HKEX) has published a press statement to inform that it is currently developing an integrated fund platform for the distribution of retail investment funds in Hong Kong. This platform aims to facilitate the entire distribution chain of retail funds, making it easier for market participants to offer fund products to their clients and, in turn, providing investors with ...
Hong Kong FinTech Week 2023
ID 25639
In view of the conclusion of the latest FinTech Week in Hong Kong on November 2, 2023, the Hong Kong Monetary Authority (HKMA) has published a press statement to inform of several initiatives that were announced during the event which are aimed at strengthening Hong Kong’s FinTech capabilities. The key initiatives are briefly described below, for all of them, please refer to the enclosed ...
Inland Revenue (Double Taxation Relief with respect to Taxes on Income and ...
ID 25636
A revised version of the Inland Revenue (Double Taxation Relief with respect to Taxes on Income and Prevention of Tax Evasion and Avoidance) (Republic of Mauritius) Order was published on Hong Kong e-Legislation, Hong Kong’s official platform for publicizing legal texts. The version contains minor, non-material changes in the following sections: 1. Main 2. Schedule Specifically, the enactment provisions have been removed in the ...
Exemption from Profits Tax (Debt Instrument Issued by Mainland Local People’s ...
ID 25634
A new consolidated version of the Exemption from Profits Tax (Debt Instrument Issued by Mainland Local People’s Government at Any Level) Order was published on Hong Kong e-Legislation, the official platform for publicizing legal documents. The order exempts capital gains and interest income derived from government bonds issued in Hong Kong by any (local) government of the People’s Republic of China from income tax ...
Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615) (Version ...
ID 25624
A new version of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance was published on Hong Kong e-Legislation, the official platform of the Hong Kong government for publicizing legal documents. The new version contains amendments the following parts and schedule: – Part 5B – Regulation of Activities Involving Virtual Assets: As our text comparison tool shows, only some editorial changes have been made to the ...
SFC welcomes new financial infrastructure for retail fund distribution in Hong Kong
ID 25620
Following an announcement by Hong Kong Exchanges and Clearing Limited (HKEX) on the development of an integrated fund platform for the distribution of retail investment funds in Hong Kong (EventID 23558), the Securities and Futures Commission (SFC) has published a related press statement. In this press release, the SFC strongly welcomes this initiative by the HKEX which aims to facilitate the entire distribution chain ...
Circular on tokenisation of SFC-authorised investment products
ID 25619
On November 2, 2023, the Securities and Futures Commission of Hong Kong (SFC) issued a circular addressed at all asset management firms engaged in the trading or distribution of investment products. *The circular outlines the requirements under which the SFC would consider permitting the tokenization of investment products under Part IV of the Securities and Futures Ordinance* for offering to the public in Hong ...
Circular on intermediaries engaging in tokenised securities-related activities
ID 25616
The Securities and Futures Commission (SFC) has issued a new circular in response to the growing interest among financial institutions in tokenizing traditional financial instruments. According to the SFC, tokenization involves recording claims on assets from traditional ledgers onto a programmable platform using distributed ledger technology (DLT). While the SFC acknowledges the potential benefits of tokenization in increasing efficiency, transparency, reducing settlement ti ...