Category Archives: Regulatory Updates

HKMA Annual Report 2022 and Sustainability Report 2022

The Hong Kong Monetary Authority (HKMA) has released its Annual Report 2022, which includes the [...]

Circular to Licensed Corporations and Associated Entities – Anti-Money Laundering / Counter-Financing of Terrorism  Early Alert on United Nations Sanctions

On April 26, 2023, two individuals were added to the sanctions list by the United [...]

Circular to Licensed Corporations which are Participants of The Stock Exchange of Hong Kong Limited or Hong Kong Futures Exchange Limited  – Licence Holders Insurance Scheme for Exchange Participants

This circular explains the insurance requirements for licensed corporations engaging in regulated activities, specifically dealing [...]

Access to banking services for corporate customers

The Hong Kong Monetary Authority (HKMA) considers maintaining a safe and efficient banking system, as [...]

New synopsis: Julia Leung at Bloomberg Policy Series dialogue

The Hong Kong Monetary Authority (HKMA) and the Banking Sector SME Lending Coordination Mechanism have [...]

Banking Sector Defers Repayment of Trade Facilities by Another 90 Days

The CEO of the Securities and Futures Commission (SFC), Ms. Julia Leung, discussed the SFC’s [...]

SFC announces carbon neutrality commitment

The Securities and Futures Commission (SFC) has announced its goal to become a carbon-neutral organization [...]

The Companies (Amendment) Ordinance 2023 will come into operation tomorrow (28 April 2023)

Starting tomorrow (April 28), the Companies (Amendment) Ordinance 2023 will be in effect, allowing companies [...]

Binding payment cards for contactless mobile payments

The Hong Kong Monetary Authority (HKMA) has seen an increase in fraudulent cases involving payment [...]

Principles for Handling of Unauthorised Payment Card Transactions

The Hong Kong Monetary Authority has noticed a rise in unauthorized payment card transactions involving [...]