Region: Hong Kong

Hong Kong’s regulatory framework for crypto exchanges has entered force, covering a “great depth” of AML, customer protection, and prudential control issues – but a framework for other crypto actors is still yet to come.

01 June 2023

Same activity, same risks, same rules – that’s the mantra governing a lot of regulation of virtual assets, but it’s discouraged the creation of a market in security tokens. Panellists from the EU, Japan, China, Singapore and Switzerland at a recent IBA conference in Tokyo asked what needs to happen for this market to take off.

23 May 2023

The Stock Exchange of Hong Kong has announced plans to get out ahead of the ISSB climate standard currently nearing completion with proposals to tighten its ESG reporting requirements – moving away from its current “comply or explain” posture towards mandatory disclosures.

18 April 2023

Hong Kong firm Deacons has rehired a recent departure from its financial services practice; meanwhile in Bangkok, DLA Piper has hired a new financial regulatory practitioner from Baker McKenzie.

09 March 2023

China’s central bank has released the northbound section of its “eagerly awaited” draft framework for its plan to connect the Hong Kong and mainland financial derivatives markets – addressing outstanding questions about financial market infrastructures, participant qualifications, and Chinese yuan exchange.

23 February 2023

The Hong Kong Securities and Futures Commission is preparing to introduce a new regulatory regime for virtual asset trading platforms that would bring non-security tokens within its remit.

21 February 2023

Hong Kong’s de facto central bank has confirmed a 2023/2024 date for implementation of its forthcoming crypto regime, as market participants call on it to pursue demanded a more coordinated approach with other regulators.

06 February 2023

Two Reed Smith partners have decamped the firm in London and Hong Kong.

02 February 2023

Some of the regulatory issues banks will face in 2023 cut across borders, but not all. In this final part of GBRR’s examination of the year to come, we asked practitioners in the US, UK, Singapore, and Hong Kong how local issues will play out over the next 12 months.

18 January 2023

The last year saw regulators and international standard-setting bodies busier than ever before with new proposals and rules for the ESG realm. In the second part of our examination of the year to come in banking regulation, GBRR spoke with practitioners from the UK, US, Singapore, and Hong Kong about how climate-related regulation will further evolve in 2023.

11 January 2023