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.
- A nine-member jury at the Court of First Instance found Sit Yi Ki, Lam Wing Ki and Tam Cheuk Hang guilty of manipulating the shares of Ching Lee Holdings
- The manipulative trading activities between March and September 2016 netted illicit profits of over US$15.9 million, according to the SFC
China Merchants Port Group joins at least four other large corporations that have scrapped plans to hire or ended contracts with the auditing firm in the last month, after whistle-blowers in April alleged PwC ‘turned a blind eye’ to misconduct by China Evergrande.
BlackRock’s iShares Bitcoin Trust has attracted the greatest inflow, totalling US$16.5 billion, since nine spot bitcoin exchange-traded funds went live in the United States in January.
Amid high compliance costs, the SFC’s notice that crypto exchanges should not serve mainland investors is prompting some firms to leave the city.
During a meeting of China’s Politburo, plans are reviewed for ensuring accountability and propriety among officials carrying out the country’s campaign against financial risk.
Only 1 per cent of large-cap Hong Kong-listed firms in the MSCI AC Asia-Pacific IMI index have set greenhouse gas reduction targets considered ‘fully’ credible, less than the regional average.
Cao accepted nearly US$30 million from businesspeople to help them win contracts, court says.
Gate.HK, the Hong Kong arm of cryptocurrency exchange Gate.io, says it took ‘a proactive step’ to withdraw its application.
Troubled property developer receives lifeline a day after Fitch Ratings downgraded its default ratings.
China’s securities regulators and stock exchange officials met with global fund managers in Europe in the first overseas roadshow, after delivering a major stimulus to rescue the nation’s property market.
The prices of Hong Kong’s three spot ether ETFs jumped by more than 18 per cent on Tuesday, as trading volume picked up this week.
Prospective homebuyers are visiting showrooms in droves while transactions have revived, according to agents, soon after Beijing unveiled its most aggressive measures to revive the housing market.
China’s central bank is set to participate in treasury-bond trading in the secondary market, and a prominent researcher affiliated with the Ministry of Finance says purchases in the primary market should also be made.
With household debt at worrisome levels, curbing consumption and China’s economic recovery, Beijing is interjecting in the largely unregulated process with new guidelines for issuing loans and collecting arrears.
HBGL, which operates Huobi HK, has withdrawn the licence application for unspecified reasons, requiring it to close the crypto exchange under the city’s virtual asset regulations.
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.
