Category Archives: Lastest Topics

The Monetary Authority takes disciplinary action against Westpac Banking Corporation, Hong Kong Branch for contraventions of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance

The party involved Westpac Banking Corporation HK Branch. The fact is that Westpac Banking Corporation, Hong [...]

Amazon Sets Renewable Energy Record with Over 8GW of New Capacity in 2022

Amazon reported that it secured 108 clean energy projects in 2022, including 25 newly announced [...]

HONG KONG INVESTOR IDENTIFICATION REGIME (HKIDR) – SUBMISSION OF BCAN-CID MAPPING DATA

Relevant Regulated Intermediaries are urged to submit the BCAN-CID Mapping File via the Electronic Communication [...]

Conclusion of discussion paper on crypto-assets and stablecoins

On 12 January 2022, the HKMA issued a discussion paper on crypto-assets and stablecoins and [...]

Government welcomes passage of Stamp Duty (Amendment) Bill 2022

The Stamp Duty (Amendment) Bill 2022 was passed on 18 January. It gives effect to [...]

EU Regulators Welcome, Critique New European Sustainability Reporting Standards

European Supervisory Authorities (ESAs) released their opinions on the European Sustainability Reporting Standards, which set [...]

SFAT affirms SFC decision to fine Cardinalasia Consulting Limited $1.5 million and imposes a heavier suspension on its responsible officer for failures in managing private funds

The party involved Cardinalasia Consulting Limited (CCL) and its Responsible Officer Mr Edward Lee Shiu [...]

MIGRATION OF NORTHBOUND (NB) BROKER-TO-CLIENT ASSIGNED NUMBER (BCAN) FILE SUBMISSION AND DOWNLOAD FUNCTIONS TO ELECTRONIC COMMUNICATION PLATFORM 2.0 (ECP 2.0)

HKEX plans to implement the Migration of the platform. During the first phase, HKEX will [...]

The Companies (Amendment) Ordinance 2023 (“the Amendment Ordinance”) will come into operation on 28 April 2023.

The Amendment Ordinance provides a modern framework for general meetings held virtually. It seeks to [...]

China to set the pace on green and sustainable finance this year backed by policy support, ESG awareness, bankers say

Chinese banks have increased their support for green bonds and green loans over the past [...]