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Hong kong
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CryptoCurrency
Gate.io Crypto Exchange to Launch Gate HK and Apply for Local License
2023-02-23T11:57:55.990+02:00
Gate Group is another crypto firm after Huobi which wants to open a local exchange in HK.
It's likely that SFC will allow retail investors to actively trade in the digital assets market.
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CryptoCurrency
Huobi to Launch Huobi Hong Kong Crypto Exchange amid Regulatory Update
2023-02-21T11:09:36.037+02:00
Huobi wants to acquire a Hong Kong crypto trading license before 1 June 2023.
It launches a separate platform to comply with the local regulatory requirements fully.
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CryptoCurrency
Hong Kong's SFC Consults on Allowing Retail Traders to Trade Crypto
2023-02-20T10:59:15.366+02:00
From 1 June, every crypto trading platform in Hong Kong needs to be regulated by the SFC.
The SFC wants to know if regulation should allow retailers to trade as well.
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Retail FX
China and Hong Kong’s Regulators Sign MoU on Cross-Border Shares Listing
2023-02-17T22:52:20.744+02:00
The MoU provides clarification on cross-border regulatory enforcement.
China has been opposing cross-border online brokers that onboard Chinese clients.
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Retail FX
Hong Kong Brokers Suspend Accounts of Mainland China Clients
2023-02-13T12:05:07.855+02:00
At least two Hong Kong brokers suspended clients' accounts from the mainland.
The move came after China's crackdown against international online brokers.
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Institutional FX
HKEX Opens Office in New York, Plans to Launch in Europe
2022-12-21T11:57:44.751+02:00
Roger McAvoy will lead the new office in the United States.
HKEX also plans to start its European bureau soon.
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CryptoCurrency
Hong Kong’s First Crypto Futures EFTs Raise $73.6M Ahead of Launch
2022-12-15T15:42:04.437+02:00
The ETFs are expected to be launched at HK$780 per unit on Friday.
Hong Kong's SFC decided to permit crypto EFTs less than two months ago.
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CryptoCurrency
SEBA Bank Enters APAC with New Hong Kong Office
2022-11-30T12:34:01.213+02:00
It is the first physical office of the crypto company in the region.
It earlier received an Abu Dhabi license.
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Retail FX
Hong Kong’s SFC Proposes Risk Management Rules for Futures Brokers
2022-11-25T12:35:02.356+02:00
The regulator proposed several mechanisms to mitigate future dealing risks.
It will accept the industry feedback until 31 January 2023.
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Regulation
Hong Kong Decides on Rules for Crypto ETFs
2022-10-31T09:20:56.539+02:00
The SFC will consider approving virtual asset ETFs.
Initially, it will only allow Bitcoin and Ether futures trading on Chicago Mercantile Exchange.
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CryptoCurrency
Hong Kong Set to Legalize Crypto?
2022-10-27T13:24:58.744+02:00
Hong Kong wants to offer crypto trading services to retail customers in March 2023.
Partial legalization of the industry is expected to attract talent to the City again.
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Retail FX
Hong Kong Court Convicts ex-Fulbright Securities Account Exec of Fraud
2022-10-14T15:00:19.918+02:00
A client lost $48,321 as a result of the fraud.
Hong Kong's SFC slammed a life-long industry ban on Kwong Shing five years ago.
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Retail FX
Hong Kong Charges 13 in a Pump-and-Dump Scheme Crack Down
2022-09-30T12:54:47.086+02:00
The scale of the scheme was not revealed.
The perpetrators were charged for market manipulation and money laundering.
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Brokers
Hong Kong’s SFC Finds Several Compliance Lapses at Online Brokerages
2022-08-31T12:24:55.361+02:00
It surveyed 50 licensed corporations.
Online brokers have opened 96% of accounts in the past year through non-face-to-face onboarding processes.
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Institutional FX
Asian Wealth Management Unit of RBC Fined HK$7.7M in Hong Kong
2022-07-20T12:31:28.454+02:00
The company mishandled client assets on several occasions.
However, it did not dispute regulatory findings and actions.
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Institutional FX
SFC Fines CES Capital International HK$3.2 Million
2022-06-27T23:22:00.000+02:00
The company failed to discharge its duties as an investment manager of two funds.
CESHK cooperated with the SFC during the investigation.
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Analysis
Forex in Hong Kong. CFDs Are Banned, but Traders Seek Other Options
2022-06-23T10:44:45.994+02:00
Hong Kong is considered one of the most expensive places to live.
Thus, the average retail trader here has a deep pocket, cPattern data shows.
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Institutional FX
Hong Kong’s SFC Fines China Everbright Securities HK$3.8 Million
2022-06-16T18:41:00.000+02:00
The company failed to comply with AML and CFT regulatory requirements.
The regulator also imposed a reprimand.
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News
Mox Introduces New Service for Instant Money Transfers
2022-05-18T13:24:26.074+02:00
The new service will improve cash flow control of customers.
The service will assist Mox Credit clients in bill payments.
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News
MaiCapital Gets Hong Kong SFC’s Nod to Manage 100% Digital Asset Funds
2022-04-12T11:56:21.845+02:00
The company manages two actively managed blockchain-themed hedge funds.
Until now, it operated with SFC’s Type 4 and Type 9 licenses.
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News
Playtech’s Former CEO Dismisses Allegations
2022-03-05T12:09:42.595+02:00
Recently, Playtech shareholders stopped Aristocrat's £2.7 billion acquisition bid.
Tom Hall dismissed allegations over a group of Asian investors as ‘rubbish’.
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Institutional FX
HSBC Will Temporarily Shut Down Its Hong Kong Branches from 5 March
2022-02-23T11:09:57.219+02:00
HSBC joins Citi and Bank of China's intentions to close its retail branches from Saturday.
Hong Kong extends its flight ban to 4 March 2022.
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Institutional FX
Hong Kong SFC Fines Citigroup’s Asia Subsidiary $44.68 Million
2022-01-28T11:41:45.243+02:00
The company was accused of multiple regulatory lapses.
The management of the company is likely to face disciplinary actions.
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News
Hong Kong Virtual Lender ZA Bank Gains Securities License
2022-01-24T14:01:55.963+02:00
It has obtained a Type 1 license from the SFC.
It can now launch securities investment products.
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Executive Moves
HKEX Nominates Kerry Rooks as Its Chief People Officer
2022-01-04T12:19:07.653+02:00
Rooks will report to Nicolas Aguzin, the CEO of HKEX.
She is taking over the role from Paul Choi, the current Group Head of HR
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