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CryptoCurrency

Hong Kong’s First Crypto Futures EFTs Raise $73.6M Ahead of Launch

  • 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.
Thursday, 15/12/2022 | 13:42 GMT by Solomon Oladipupo
CryptoCurrency

SEBA Bank Enters APAC with New Hong Kong Office

  • It is the first physical office of the crypto company in the region.
  • It earlier received an Abu Dhabi license.
Wednesday, 30/11/2022 | 10:34 GMT by Arnab Shome
Retail FX

Hong Kong’s SFC Proposes Risk Management Rules for Futures Brokers

  • The regulator proposed several mechanisms to mitigate future dealing risks.
  • It will accept the industry feedback until 31 January 2023.
Friday, 25/11/2022 | 10:35 GMT by Arnab Shome
Regulation

Hong Kong Decides on Rules for Crypto ETFs

  • The SFC will consider approving virtual asset ETFs.
  • Initially, it will only allow Bitcoin and Ether futures trading on Chicago Mercantile Exchange.
Monday, 31/10/2022 | 07:20 GMT by Arnab Shome
CryptoCurrency

Hong Kong Set to Legalize Crypto?

  • 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.
Thursday, 27/10/2022 | 11:24 GMT by Damian Chmiel
Retail FX

Hong Kong Court Convicts ex-Fulbright Securities Account Exec of Fraud

  • 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.
Friday, 14/10/2022 | 13:00 GMT by Solomon Oladipupo
Retail FX

Hong Kong Charges 13 in a Pump-and-Dump Scheme Crack Down

  • The scale of the scheme was not revealed.
  • The perpetrators were charged for market manipulation and money laundering.
Friday, 30/09/2022 | 10:54 GMT by Arnab Shome
Brokers

Hong Kong’s SFC Finds Several Compliance Lapses at Online Brokerages

  • It surveyed 50 licensed corporations.
  • Online brokers have opened 96% of accounts in the past year through non-face-to-face onboarding processes.
Wednesday, 31/08/2022 | 10:24 GMT by Arnab Shome
Institutional FX

Asian Wealth Management Unit of RBC Fined HK$7.7M in Hong Kong

  • The company mishandled client assets on several occasions.
  • However, it did not dispute regulatory findings and actions.
Wednesday, 20/07/2022 | 10:31 GMT by Arnab Shome
Institutional FX

SFC Fines CES Capital International HK$3.2 Million

  • The company failed to discharge its duties as an investment manager of two funds.
  • CESHK cooperated with the SFC during the investigation.
Monday, 27/06/2022 | 21:22 GMT by Felipe Erazo
Analysis

Forex in Hong Kong. CFDs Are Banned, but Traders Seek Other Options

  • 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.
Thursday, 23/06/2022 | 08:44 GMT by Damian Chmiel
Institutional FX

Hong Kong’s SFC Fines China Everbright Securities HK$3.8 Million

  • The company failed to comply with AML and CFT regulatory requirements.
  • The regulator also imposed a reprimand.
Thursday, 16/06/2022 | 16:41 GMT by Felipe Erazo
News

Mox Introduces New Service for Instant Money Transfers

  • The new service will improve cash flow control of customers.
  • The service will assist Mox Credit clients in bill payments.
Wednesday, 18/05/2022 | 11:24 GMT by Bilal Jafar
News

MaiCapital Gets Hong Kong SFC’s Nod to Manage 100% Digital Asset Funds

  • The company manages two actively managed blockchain-themed hedge funds.
  • Until now, it operated with SFC’s Type 4 and Type 9 licenses.
Tuesday, 12/04/2022 | 09:56 GMT by Arnab Shome
News

Playtech’s Former CEO Dismisses Allegations

  • Recently, Playtech shareholders stopped Aristocrat's £2.7 billion acquisition bid.
  • Tom Hall dismissed allegations over a group of Asian investors as ‘rubbish’.
Saturday, 05/03/2022 | 10:09 GMT by Bilal Jafar
Institutional FX

HSBC Will Temporarily Shut Down Its Hong Kong Branches from 5 March

  • 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.
Wednesday, 23/02/2022 | 09:09 GMT by Matti Williamson
Institutional FX

Hong Kong SFC Fines Citigroup’s Asia Subsidiary $44.68 Million

  • The company was accused of multiple regulatory lapses.
  • The management of the company is likely to face disciplinary actions.
Friday, 28/01/2022 | 09:41 GMT by Arnab Shome
News

Hong Kong Virtual Lender ZA Bank Gains Securities License

  • It has obtained a Type 1 license from the SFC.
  • It can now launch securities investment products.
Monday, 24/01/2022 | 12:01 GMT by Arnab Shome
Executive Moves

HKEX Nominates Kerry Rooks as Its Chief People Officer

  • 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
Tuesday, 04/01/2022 | 10:19 GMT by Tom Hazan
News

WeLab Announces Acquisition of Indonesia’s Bank Jasa Jakarta

  • The company aims to introduce its second digital bank in Asia.
Tuesday, 07/12/2021 | 10:06 GMT by Bilal Jafar
Institutional FX

Hong Kong’s SFC Issues Restriction Notices on Ramp-and-Dump Scam Case

  • The authority suspects that around 17 trading accounts from two brokerage firms are involved.
Friday, 26/11/2021 | 16:37 GMT by Felipe Erazo
News

Hong Kong Central Bank Launches AML RegTech Platform

  • The platform will use Network Analytics to further curb the risks of money laundering.
Friday, 05/11/2021 | 13:34 GMT by Arnab Shome
Brokers

UP Fintech Completes Acquisition of Hong Kong-Based Joy Securities

  • The brokerage operator is now eying to start services in Hong Kong.
Friday, 29/10/2021 | 10:23 GMT by Arnab Shome
Brokers

Saxo Markets Secures Two New Licenses from Hong Kong Regulator

  • The new licenses will allow the broker to tap into the asset and wealth management business.
Monday, 25/10/2021 | 10:28 GMT by Arnab Shome
Institutional FX

SFC Imposes $5.5 Million Fine on Ample Capital Limited

  • The authority suspended the company’s responsible officer for IPO sponsor failures.
Monday, 18/10/2021 | 09:50 GMT by Bilal Jafar
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