hong kong
Deutsche Bank Clients Were Being Secretly Overcharged for Years
- Hong Kong's securities regulator fined the banking giant $24 million after discovering $39 million in client overcharges over an eight-year period.
- The lender reported the violations itself and has since refunded affected clients and strengthened internal controls.
Thursday, 28/08/2025 | 08:58 GMT by
Damian Chmiel
Hong Kong's Assets Under Management Grow by Double Digits on 81% Rise in Fund Inflows – SFC Survey
- Domiciled funds in the city saw their net asset value rise by 22% in 2024 and a further 21% to HK$1.99 trillion by May 2025.
- Hong Kong and Switzerland ranked as the top two cross-border wealth hubs in 2024, with Hong Kong adding US$231 billion in cross-border wealth.
Wednesday, 16/07/2025 | 19:53 GMT by
Jared Kirui
These Names May Soon Be Reserved for Regulated Firms in Hong Kong
- The regulator has proposed restricting the use of names such as "exchange", "trading platform", and "clearing facilities".
- It aims to reduce public confusion and protect investors from mistaking unlicensed firms for legitimate financial institutions.
Thursday, 12/06/2025 | 16:49 GMT by
Jared Kirui
Hong Kong Regulator Bans Broker Text Links After Phishing Scams Hit Traders
- The phishing messages reportedly contain links to fake websites that closely resemble legitimate broker portals.
- Victims were tricked into entering their login credentials on counterfeit websites, enabling scammers to access accounts and make unauthorized transactions.
Wednesday, 21/05/2025 | 12:48 GMT by
Jared Kirui
Interactive Brokers Adds ETF Tracking Dividend-Paying Stocks on Hong Kong Stock Exchange
- U.S. clients of Interactive Brokers can reportedly trade this ETF without paying upfront commissions.
- The new ETF reportedly tracks the CSI Hong Kong Dividend Index, which includes 30 dividend-paying stocks.
Tuesday, 13/05/2025 | 14:55 GMT by
Jared Kirui
eToro Users Gain Full Access to Hong Kong's $5 Trillion Market
- eToro is adding all Hong Kong Stock Exchange-listed securities to its platform, expanding user access to Chinese and Asian instruments.
- 22% of global investors expect Chinese markets to deliver the best returns in the next five years.
Tuesday, 15/04/2025 | 07:19 GMT by
Damian Chmiel
This “Stock Sniper” Missed His Target and Hit a 16-Month Suspension Instead
- SFC has suspended Franky Wong after he was convicted of providing unlicensed investment advice through a subscription-based Telegram group.
- Despite being licensed through his employer, Wong illegally operated the advisory service in his personal capacity from 2018 to 2019.
Thursday, 20/03/2025 | 08:46 GMT by
Damian Chmiel
Goodbye to Cheap Online Shopping—Trump Closes de Minimis Loophole
- Trump kills the de minimis exemption, causing price hikes for online purchases from China.
- Expect longer delivery times as packages from China face increased scrutiny.
- Retailers like Shein and Temu will need to adjust their strategies due to these changes.
Wednesday, 05/02/2025 | 09:18 GMT by
Louis Parks
Why 50,000 Retail Traders are Rushing Back to Hong Kong Markets
- Local market rebounds with thousands of reactivated accounts and growing AI adoption among day-to-day investors.
- Mobile functionality overtakes pricing as the main factor in broker selection.
Monday, 20/01/2025 | 11:55 GMT by
Damian Chmiel
Hong Kong Bitcoin ETF Proposal: Legislator Suggests Potential for Financial Stability
- The country plans crypto regulations based on a “same business, same risks, same rules” approach.
- China holds 190K Bitcoin, the second-largest after the U.S., with Hong Kong considering it for its reserves.
Monday, 30/12/2024 | 12:38 GMT by
Tareq Sikder
Interactive Brokers Caught in Hong Kong's HK$91M Trading Freeze
- Hong Kong's SFC freezes assets across four brokers, including Interactive Brokers, due to suspected market manipulation and account hacking.
- According to the regulator, the unauthorized activities occurred between Oct 24 and Nov 6.
Thursday, 21/11/2024 | 08:47 GMT by
Damian Chmiel
11 Crypto Platforms Under Review as Hong Kong Faces Criticism on Strict Regulations
- The SFC plans to approve more cryptocurrency exchanges in Hong Kong by the end of 2024.
- Despite efforts to attract major players, OKX and Bybit withdrew their applications.
Tuesday, 08/10/2024 | 08:40 GMT by
Tareq Sikder
Hong Kong's Crypto Licensing Faces Hurdles as 11 Exchanges under Review
- The SFC found issues in several platforms, including cybersecurity and reliance on executives for asset custody.
- Full licenses are expected by late 2024, but non-compliant firms may face rejection.
Thursday, 22/08/2024 | 09:46 GMT by
Tareq Sikder
ATFX Secures the Hong Kong SFC License, A Boost for Global Operations
- ATFX is poised to expand its reach in the global market.
Tuesday, 30/07/2024 | 12:02 GMT by
FM