Topic
Key developments in regulation of financial markets with a focus on those in Hong Kong and mainland China.
Bonnie Chan will need a little more luck than the Hong Kong bourse’s current CEO when she takes over in May next year
While China’s rainmakers have been essential to the country’s great market opening, corruption concerns and a changing geopolitical balance have seen them pushed to the sidelines.
As crucial meeting makes it clear China’s regulatory regime will only become tighter, the city stands to feel the benefit as being a bridge with the West
Why a downsized People’s Bank of China reflects major shifts in the nation’s financial governance strategy.
- HBGL, which operates Huobi HK, has withdrawn the licence application for unspecified reasons, requiring it to close the crypto exchange under local rules
- The HTX-affiliated company is the second-largest exchange with ties to mainland China to halt its bid for virtual asset licence after Binance affiliate HKVAEX
Enhanced mechanism set to boost international investors’ confidence in the onshore bond market and further internationalise the yuan, according to industry experts.
The added value of the financial sector is being calculated via a new set of metrics to increase statistical accuracy and cut down on data manipulation, making GDP figures more resilient to massaging by localities.
Hong Kong’s market regulator has warned the public to beware of a suspected investment scam in which fraudsters claim they are trying to raise the funds to relaunch one of the city’s iconic nightclubs.
Police in China’s northeastern Jilin province made the arrests in connection with a scheme that sent US$296 million to South Korea.
Enhancements aim to further open up China’s financial markets and strengthen Hong Kong’s status as an international financial centre.
Criminals ‘exploit the perceived anonymity and ease of cross-border transactions that cryptocurrencies offer’, Forrester report says.
FTX said in a court filing it owes about US$11.2 billion to its creditors. The exchange estimates it has between US$14.5 billion and US$16.3 billion to distribute to them.
Ren Chunsheng is detained on suspicion of ‘serious violations of discipline and law’, becoming first senior figure at the year-old National Financial Regulatory Administration to be targeted by Chinese anti-corruption watchdog.
Shenzhen and Wuhan have become the latest Chinese cities to ease home purchase restrictions to boost sales, as a growing number of major metropolises take steps to support the country’s slumping property sector.
The city’s three ETFs that invest directly into bitcoin saw US$5.5 million change hands on Friday, down from US$8.6 million in their Tuesday debut.
Hong Kong’s largest virtual bank is preparing to introduce virtual asset trading services for retail investors, CEO Ronald Iu says. Plans are afoot as a new regulatory regime is rolled out in June.
The world’s largest cryptocurrency exchange allowed numerous trades that violated US sanctions, including ones involving Hamas, al-Qaeda and Iran.
Six bitcoin and ether ETFs saw US$12 million in trading on Tuesday, compared with US$4.6 billion for US bitcoin ETFs on their first day.
Episode Six, or E6, a global provider of payment processing and digital ledger infrastructure for banks and financial institutions, plans to expand its footprint in Hong Kong this year.
Investigation into Yao Qian, who serves as the director of the department of technology supervision at the China Securities Regulatory Commission, comes amid an uptick in market reforms.
China is readying a revision of its law on money laundering, signalling a hardening of penalties for financial crimes and a desire to keep practices in line with international standards.
Once the most powerful figure in the crypto industry, Zhao stepped down as Binance’s chief last November, when he and the exchange admitted to evading anti-money-laundering requirements.
Role of fund managers will be strengthened as cost of rule violations increases ‘substantially’, a lawyer says, while Goldman Sachs predicts higher ‘quality premium for large-cap stable growers’.
China Securities Regulatory Commission on Friday announce five measures to further enhance connectivity between mainland and Hong Kong capital markets.
China’s capital market regulators have announced a package of measures to boost liquidity, attract international investors and enhance competitiveness between the mainland and Hong Kong.
Spot bitcoin and ether ETFs in Asia could be attractive to investors looking to avoid US tax laws, but the market is still relatively ‘tiny’.
Accounting firm vows investigation, possible legal action against creators of ‘fabricated’ letter circulating on social media, which names partners it claims were involved in ‘auditing failure’ tied to the indebted developer.
Bosera Asset Management, HashKey Capital, Harvest International and ChinaAMC are all working on spot crypto ETFs after the SFC’s first conditional approvals.
Laura Cha worked hard to elevate Hong Kong’s prominence on the international stage since she became the first and only female chairman of HKEX in 2018. As her tenure draws to a close, she believes that aim is no less important today.
HashKey will facilitate the sale and purchase of Toncoin, the native token of the TON blockchain, which was started by Telegram Messenger.
A document published by the nation’s cabinet on Friday promises to promote the ‘high-quality’ development of China’s capital market by strengthening supervision and guarding against risks.
All financial institutions licensed by the SFC should be required to submit ESG reports for the development of a comprehensive ecosystem of sustainability disclosures, City University of Hong Kong says.
