Financial Regulation
HKMA and SFC Finalize Proposals to Enhance Hong Kong's OTC Derivatives Reporting Regime
The HKMA and SFC have concluded their consultation on enhancements to Hong Kong's OTC derivatives reporting regime, aiming for implementation in September 2025.
HKMA Imposes Penalty on WeChat Pay Hong Kong for AML Failures
The Hong Kong Monetary Authority has fined WeChat Pay Hong Kong Limited HK$875,000 for contravening anti-money laundering regulations.
China Forestry Executives Found Guilty of Market Misconduct
The Market Misconduct Tribunal finds China Forestry's former chairman and CEO guilty of false disclosures and insider trading.
Hong Kong Monetary Authority Publishes Conclusions on Three-Tier Banking System Review
The Hong Kong Monetary Authority (HKMA) has released the conclusions of its public consultation on the three-tier banking system, proposing a transition to a two-tier system.
SFC Announces New Appointments and Re-Appointments of Non-Executive Directors
The Securities and Futures Commission (SFC) has welcomed the appointment and re-appointment of several Non-Executive Directors.
HKMA Releases Complaints Watch Issue No. 24 Highlighting Banking Trends
The Hong Kong Monetary Authority (HKMA) has published Complaints Watch Issue No. 24, detailing notable trends in banking complaints and emerging issues.
HKMA Imposes HK$10 Million Fine on DBS Bank (Hong Kong) for AML Failures
HKMA has imposed a HK$10 million penalty on DBS Bank (Hong Kong) for breaches of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance.
Tse Tsun Wai Convicted and Fined for Unlicensed Activity
Tse Tsun Wai has been convicted and fined for engaging in unlicensed financial activities, according to the Securities and Futures Commission.
Hong Kong Monetary Authority Warns Against Unauthorized Banking Activities
The HKMA alerts the public about unauthorized banking activities by a firm operating without proper authorization in Hong Kong.
SFC and HKMA Release Updated List of Financial Service Providers for OTC Derivatives
The SFC and HKMA have published their annual updates to the list of financial services providers under the OTC derivatives regulatory regime.