Hong Kong

Basel Committee, Hong Kong, Indonesia, NSFR, Singapore

The Basel Committee on Banking Supervision has today published assessment reports on the implementation of the Net Stable Funding Ratio (NSFR) and the large exposures framework (LEX) in Hong Kong SAR (NSFR, LEX),…

Hong Kong SFC fines China Rise $6.3 million for illegal short sale violations

October 31, 2019

China Rise, Hong Kong, Short selling

SFC reprimands and fines China Rise Securities Asset Management Company Limited $6.3 million for regulatory breaches and internal control failures The Securities and Futures Commission (SFC) has reprimanded China Rise…

Institutional crypto weekly roundup

September 4, 2019

Custodians, digital assets, Franklin Templeton, Hong Kong, Legacy Trust, money market funds, pension plans, Stellar Network

Our weekly list of announcements about how capital markets and regulators are engaging with digital assets. The Block: Franklin Templeton proposes tokenized government money market fund on Stellar Network Franklin…

Regulation Asia: HKMA Asks Banks to Prepare Systems for Revised Leverage Ratio

July 15, 2019

HKMA, Hong Kong, Leverage Ratio

Both the revised leverage ratio treatment of client cleared derivatives and the revised disclosure requirements will come into effect in Hong Kong on 1 January 2022, in line with the…

WSJ: Hong Kong’s Clout as a Global Financial Center Clouded by Uncertainty

June 17, 2019

The controversial prospect of extraditions from Hong Kong to mainland China has thrown fresh doubt on the city’s status as a global financial hub. A bill that would allow alleged…

Hong Kong SFC: Prime services and related equity derivatives activities

June 11, 2019

Hong Kong, prime brokers, SFC

This circular sets out the standards of conduct and internal controls the Securities and Futures Commission (SFC) expects of prime brokers (PBs), ie, financial institutions providing prime services1and conducting related…

SCMP: Ping An plans to be advanced tech provider for Hong Kong banks

June 5, 2019

artificial intelligence, bigtech, blockchain, China, Hong Kong, NLP, Ping An

Ping An OneConnect, a virtual bank licence holder and the fintech arm of Ping An Insurance, is developing a range of technology that can help manage fraud and loan default…

Reuters: Hong Kong to cap securities margin financing

April 5, 2019

HONG KONG, April 4 (Reuters) – Hong Kong’s financial markets watchdog plans to limit the amount brokers can lend against shares to five times their capital. Margin financing is an…

SCMP: Citi testing AI for corporate loans in Hong Kong

February 18, 2019

artificial intelligence, automation, Citi, corporate loans, Hong Kong

Citi is tapping artificial intelligence to analyze companies’ financial statements in the approval process for corporate loans – an unusual step because to date AI technology has concentrated on retail…

HKMA’s Yuen details regtech projects: robo rulebooks and pivot to suptech

October 12, 2018

AML, Arthur Yuen, HKMA, Hong Kong, regtech, robo rulebook, suptech

Excerpts from speech by Arthur Yuen, deputy chief executive of the Hong Kong Monetary Authority, at HKIB Annual Banking Conference 2018, Hong Kong, 27 September 2018 Let me highlight some…

QuantHouse and Enyx introduce FPGA-accelerated market data as a service

September 19, 2018

APIs, Enyx, hardware acceleration, Hong Kong, market data, QuantHouse

QuantHouse added Enyx to its API ecosystem. Enyx provides low latency FPGA-based market data and order execution systems to trading firms. FPGAs (field programmable gate arrays) are generally considered esoteric…

Hong Kong SFC consultation addresses risks in securities margin financing

August 21, 2018

Uncategorized

Hong Kong, Hong Kong SFC

17 August 2018 The Securities and Futures Commission (SFC) today launched a two-month consultation on proposed guidelines to clarify, codify and standardise the risk management practices for securities margin financing…

Asian bond rates and the UST 10 year: higher funding costs but Japan remains stuck

May 2, 2018

Asia, Interest rates

Bank of Japan, Hong Kong, Japan, Singapore, topstory

As US Treasury 10 year notes passed 3% for the first time since 2013, Asian markets reacted accordingly: equity prices fell and short-term funding costs jumped. Asia remains a big,…

Hong Kong, Singapore or EU post-Brexit: will Advanced Approach bank capital models be a consideration? (Premium)

October 25, 2017

Asia, Basel III

Advanced Approach, Basel III, capital costs, Hong Kong, Leverage Ratio, NSFR, Singapore, Standardized approach, topstory

The news that London-based banks are considering Hong Kong as a new APAC “booking entity” trading hub brings up an important qualification for banks looking for an expanded Asian base…

SCMP: Hong Kong banks hoarding capital on Basel III

August 6, 2017

Basel capital rules, Hong Kong

Banks in Hong Kong are still waiting for new global rules to be finalized, and as a result, hoarding cash rather than returning it to investors, or making use of…

HKEX: OTC Clear Launches Client Clearing Ahead Of Hong Kong Clearing Mandate

March 22, 2017

Clearing, HKEX, Hong Kong, OTC derivatives

OTC Clearing Hong Kong Limited (OTC Clear), a subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX) that provides clearing and settlement services for over-the-counter (OTC) derivative transactions, has launched…

SEC Establishes Supervisory Cooperation Arrangement With Hong Kong SFC

January 23, 2017

Hong Kong, Hong Kong SFC, sec, SFC, US, US SEC

Washington D.C., Jan. 19, 2017 — The Securities and Exchange Commission today announced that it has established a comprehensive arrangement with the Hong Kong Securities and Futures Commission (SFC) as…

Analysis of Hong Kong's NSFR draft rules (Premium)

November 29, 2016

Asia, Basel III, Regulatory

HKMA, Hong Kong, NSFR, topstory

The Hong Kong Monetary Authority (HKMA) released its proposed NSFR rules earlier this month. Here are the important parts including areas where the HKMA has parted with the Basel Committee.…

Short selling of Chinese A shares now available through Shanghai-Hong Kong Stock Connect

February 23, 2015

A Shares, Hong Kong, Shanghai, Shanghai-Hong Kong Connect

Stock Exchange of Hong Kong: SHORT SELLING OF CHINA CONNECT SECURITIES THROUGH SHANGHAI-HONG KONG STOCK CONNECT Reference is made to the Exchange circular (Ref: CT/004/15) dated 23 January 2015 regarding…

Finadium collateral management trainings in Hong Kong and Singapore

October 7, 2013

Collateral Management

collateral management, Finadium, Hong Kong, Singapore

Finadium will host public trainings on collateral management in Hong Kong and Singapore the first week of November. We invite clients and colleagues to join us. These trainings will feature…

Hong Kong regulators deny market declines a result of short selling – SLT

October 13, 2011

Regulatory, Securities Lending

Hong Kong, Regulatory, Securities Lending, Short selling