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Hong kong
Europe's Economic Crossroads: Recession Fears and S&P Global's
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hong kong
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Innovation
Standard Chartered HK Completes First Cross-Blockchain Platform Transaction
2020-11-03T12:54:13.000+02:00
The bank’s first cross-blockchain platform pilot transaction was executed between Hong Kong and Mainland China.
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Regulation
Hong Kong to Mandate Crypto Exchange Regulations
2020-11-03T10:24:36.000+02:00
The watchdog introduced a crypto regulatory framework last year.
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Institutional FX
1MDB Scandal: Hong Kong Fines Goldman Sachs $350 Million
2020-10-22T14:22:47.000+02:00
The investment bank reportedly settled with US DoJ for $2 billion.
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News
Hong Kong Central Bank Willing to Test Digital Yuan
2020-10-21T15:09:29.000+02:00
The regulator is interested in exploring CBDC's cross-border transaction capabilities.
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News
Ant Bank Launches Virtual Lender in Hong Kong
2020-09-28T12:23:00.000+02:00
The lender is offering an interest rate of up to 2.5 percent on deposits.
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Institutional FX
SBI Holdings Confirms It Is Considering Exit from Hong Kong
2020-09-09T12:58:44.000+02:00
SBI Holding’s exit is expected to take place before March of 2021.
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Executive Moves
HKEX Names Richard Wise as Its New Chief Risk Officer
2020-09-07T10:16:40.000+02:00
He will join the company in November and will report directly report to HKEX CEO.
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Executive Moves
SFC Suspends Ex-UBS Advisor for 8 Months
2020-08-31T12:55:36.000+02:00
She used her client signature without taking approval.
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Regulation
Hong Kong Police Arrest Three Men Over $30,000 ATM Bitcoin Scam
2020-08-18T08:02:20.000+02:00
Authorities believe the men are part of a larger group which has been scamming bitcoin ATMs.
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Brokers
Futu Reports 327% Jump in Q2 Profit, Gains Singapore License
2020-08-13T13:23:50.000+02:00
The broker pointed out the growing IPO market as a boost to its revenue.
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Executive Moves
Diginex Appoints Chi-Won Yoon as Its Chairman
2020-08-06T09:07:05.000+02:00
Yoon will lead the company through its next stage of development.
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Celeste Skinner
Regulation
Huobi Asset Management Secures Two Licences from the SFC
2020-08-03T11:14:54.000+02:00
The company was granted with a Type 4 (advising on securities) and Type 9 (asset management) licence.
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Brokers
CLSA Shareholders Vote Against Business Wind Up
2020-07-28T14:30:50.000+02:00
80 percent of the votes were cast against the proposal.
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Payments
Deutsche Bank Partners with Airwallex, Enables API FX Services in HK
2020-07-27T08:39:33.000+02:00
Clients of Airwallex won’t need to open bank accounts in all markets where their clients are based.
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Execution
OTC Clear Starts Clearing HONIA-Based Interest Rate Products
2020-07-09T12:59:01.000+02:00
The HMA is also encouraging for more HONIA-based products.
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Regulation
SFC Concludes Consultation on OTC Derivatives Licensing Regime
2020-06-11T04:13:41.000+02:00
The consultation paper aimed to refine the scope of regulatory activities under the regime.
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Exchanges
HKEX Announces First Listing of Commodity L&I Product in Hong Kong
2020-06-05T09:56:29.000+02:00
The new product is the CSOP Gold Futures Daily (2x) Leveraged Product.
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News
Xiaomi, Alibaba Group May Join HK's Hang Seng Index Following Rule Change
2020-06-01T10:13:18.000+02:00
Companies with WVR structures and secondary listings are now allowed, paving the way for a number of tech giants.
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Exchanges
HKEX to Expand ETP Offering, Considers Four New Products
2020-06-01T03:53:50.000+02:00
The product offering is part of the stock exchange’s plan to diversify its offering.
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CryptoCurrency
MaiCapital Launches Bitcoin-Based Quant Fund
2020-05-29T10:55:28.000+02:00
Hong Kong-based blockchain investment manager establishes its second crypto-themed quantative hedge fund
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News
Chinese Govt Advisors Propose Stablecoin for Cross-Border Payment
2020-05-22T15:19:03.000+02:00
If approved, this can be launched ahead of digital yuan.
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FinTech
Standard Chartered Supports Launch of Fintech Academy with HK$60M
2020-05-21T13:38:35.000+02:00
Together with The University of Hong Kong the bank aims to enhance the way fintech is taught and researched
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Brokers
Hong Kong SFC Fines Southwest Securities over Third-Party Deposits
2020-05-18T17:20:29.000+02:00
164 transactions totaling $110.1 million were passed without reviewing the source of funds deposited into SSBL bank accounts.
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News
SoFi Invest Comes to Hong Kong
2020-04-21T16:53:46.000+02:00
Expansion marks firm’s first entry into international market
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News
Ant Financial Launches New Blockchain Solution Platform for SMEs
2020-04-20T10:31:39.000+02:00
The platform is targeted toward building solutions in industries that require high levels of multi-party collaboration.
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