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News
Hong Kong Central Bank Releases e-HKD Whitepaper
2021-10-05T13:09:33.000+02:00
The central bank will explore the idea of CBDC in domestic and cross-border markets.
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Retail FX
Hong Kong’s SFC Suspends Former Emperor Representative for Two Years
2021-08-30T18:50:04.000+02:00
Cheung Man Chit is accused of placing trades on behalf of a client through Emperor's online trading account.
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Brokers
CLSA Premium Ends H1 2021 with $3.8 Million Loss
2021-08-16T13:27:33.000+02:00
The broker only generated business from its Australian clients.
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Institutional FX
SFC and ICAC Launch Joint Operation, Five Individuals Arrested
2021-08-13T23:45:22.000+02:00
One of the arrested individuals is a former executive of an unnamed listed company.
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Institutional FX
HKEX Posts Record $849 Million Profit in H1 with Trading Boost
2021-08-11T10:17:00.000+02:00
The equities trading volume on the exchange jumped by 60 percent in the period.
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News
Crypto Exchange Binance Restricts Derivatives Services in Hong Kong
2021-08-06T13:53:35.000+02:00
Hong Kong users will not be able to open new derivatives accounts.
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FinTech
Hong Kong’s SFC and Canada’s CSA Sign Fintech Cooperation Agreement
2021-07-08T21:18:09.000+02:00
Eight members of the Canadian Securities Administrators are part of the fintech cooperation framework.
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Retail FX
Hong Kong’s SFC Fines YSL Senior Management Member for Breaching AML Rules
2021-07-05T17:59:36.000+02:00
The SFC had reprimanded the firm in March with a $5 million fine.
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Institutional FX
Hong Kong’s SFC Releases Annual Report 2020-21
2021-06-30T09:16:12.000+02:00
The total number of licensed corporations increased to 3,159.
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Institutional FX
Hong Kong’s SFC Slaps Deutsche Securities Asia with HK$2.45M Fine
2021-06-24T12:35:46.000+02:00
The company issued the incorrect statements to clients and did not immediately disclose the issue to the regulator.
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News
Hong Kong Central Bank to Study Retail CBDC
2021-06-08T12:31:50.000+02:00
The central bank is already working with international counterparts on CBDC for wholesale use.
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Executive Moves
Richard Douglas Becomes Saxo Markets’ Hong Kong CEO
2021-05-31T10:50:51.000+02:00
He has been promoted from his previous roles as COO and CIO.
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Regulation
Hong Kong Is Moving Forward to Ban Retail Crypto Trading
2021-05-21T15:21:12.000+02:00
If the proposals turned into law, only professional investors with $1.03 million in their investment portfolio could trade crypto.
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Regulation
SFC Revokes License of IDS Forex HK, Bans Co-CEOs
2021-04-22T12:50:07.000+02:00
The owner of the broker injected $192 million ill-gotten funds into the Hong Kong company.
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Analysis
Analysis: Retail FX Traders Deposited in February More Than They Withdrew
2021-03-30T15:02:50.000+02:00
First-time deposits rebounded in February and average total deposits were considerably higher than total withdrawals.
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Sylwester Majewski
News
BC Group’s 2020 Revenue Jumps 32% with Crypto Demand Surge
2021-03-30T10:14:02.000+02:00
OSL contributed 70 percent of the group’s total revenue.
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News
Huobi Subsidiary to Launch 3 Crypto Funds in Hong Kong
2021-03-04T12:04:03.000+02:00
The funds will invest 100 percent in cryptocurrencies.
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Brokers
More Brokerage Accounts Face SFC Scrutiny over P&D Scheme
2021-02-18T17:22:26.000+02:00
Hong Kong regulations prohibit the distribution of false information to encourage investors into buying or selling securities.
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Regulation
Crypto Exchanges Warn against Hong Kong’s Retail Trading Ban
2021-02-15T15:22:17.000+02:00
The ban might drive traders to unregulated trading platforms.
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Brokers
SFC Freezes Client Accounts on Suspected ‘Pump-and-Dump’ Scam
2021-02-09T17:10:51.000+02:00
The fraudulent scheme targeted the shares of two publicly-listed companies between March 2020 and October 2020.
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News
BC Group Scores $90 Million to Grow Its Digital Asset Exchange
2021-01-06T14:00:19.000+02:00
The stock price of the company tumbled by over 14 percent on Wednesday.
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News
Another Crypto Exchange Halts Withdrawals as China Detains Founder
2020-12-07T11:19:41.000+02:00
The founder has been in police custody for the last 15 days.
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News
Venture Firm Eyes DeFi after OMG Network Acquisition
2020-12-04T15:00:56.000+02:00
The financials of the acquisition deal were not disclosed by the companies.
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Brokers
CLSA Premium Dodges Wind Up for the Second Time
2020-12-02T15:07:19.000+02:00
At least 75 percent of votes are needed to approve such decision, but only 19.98 percent of shareholders favored it.
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Retail FX
Hong Kong Continues to Scrutinize FX Space, Warns of WikiFX
2020-11-25T23:40:24.000+02:00
WikiFX does not offer trading products, Its website provides regulatory license inquiries and credit evaluations for FX brokers.
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