Hong Kong’s regulators consult on aligning OTC derivatives regime with global standards

Hong Kong’s regulators are consulting on a series of measures so that the city’s over-the-counter (OTC) derivatives regime closely aligns with international standards.

Hong Kong Stock Exchange

Lost face, lost money: Hong Kong’s empty IPOs

Hong Kong has suffered a series of scandals involving companies listing on its stock market misrepresenting their businesses triggering a series of share price plunges and trading suspensions. The regulator is now fighting back to protect Hong Kong’s reputation as a key global capital market

Hong Kong regulators sound warnings over complex financial structures

Following an inspection of a mainland China-based banking group, Hong Kong’s regulators are asking financial institutions to “urgently” take steps to address risks that could result from complex and opaque structures.  

Five new appointments to SFC advisory committee

Hong Kong’s financial secretary, Paul Chan Mo-po, has made a series of appointments and reappointments to the Securities and Futures Commission (SFC) advisory committee for a two-year period from June 1, 2019, to  May 31, 2021.

Chinese flag

Asifma calls on China to make further asset management reforms

Asifma has laid out a series of recommendations covering regulatory clarity, taxation and guidance that it hopes the Chinese authorities will apply to the oversight of foreign asset managers

HKMA grants three virtual banking licences with more to follow

Virtual banking licences were granted to three firms on March 27 by The Hong Kong Monetary Authority (HKMA), with a further five under consideration.

SFC fines four global banks for poor IPO due diligence

Four global banks were hit with fines around due diligence failures relating to three initial public offerings (IPOs), according to a series of statements released by the Hong Hong Securities and Futures Commission on March 14, signalling an increasingly tough stance on misconduct.

HKMA tells authorised institutions to prepare for alternative rates

The Hong Kong Monetary Authority (HKMA) wrote a letter on March 5 to authorised institutions (AIs) urging them to prepare for alternative reference rates to replace the Hong Kong interbank offered rate (Hibor).

China further liberalises its capital markets to foreign investors

China’s regulators are taking further steps to make it easier for foreign investors to participate in its domestic capital markets

PBoC sets up macro-prudential bureau to curb systemic risks

China’s central bank has established a new macro-prudential management bureau with a view to improving the detection and management of systemic risks in the financial system