[Hong Kong] SFC warns of investment scams on social
media
SFC News, 24 Sep 2020
The
Securities and Futures Commission today introduced an official Facebook page
with a campaign to warn the public about the increasing use of social media
platforms to defraud investors. Meanwhile, the SFC also explains how online
investment scams operate and provides tips for avoiding them in the latest
edition of its Enforcement Reporter.
Full
text: click here; Enforcement Reporter:
click here
[Hong
Kong] Remote on-boarding of corporate customers
HKMA
Circular, 24 Sep 2020
The
HKMA published this circular to articulate key principles in relation to remote
on-boarding of corporate customers based on use cases and proposals gathered
through their ongoing engagement with the industry. This circular reflects the
regulatory expectations set out in the AMLO and the AML/CFT Guideline.
Full
text: click here
[Hong Kong] SFC
signs new MoU with the Insurance Authority
SFC News, 28 Sep 2020
The Securities and
Futures Commission and the Insurance Authority announced today that they have
entered into a new Memorandum of Understanding (MoU) following the introduction
of the direct regulatory regime of insurance intermediaries. The new MoU covers
referral of cases for attention, joint inspections and investigations, and
sharing of information pertaining to products and relevant entities or key
persons.
Full text: click here; MOU: click here
[Hong Kong] HKEX launches
new MSCI futures contracts and market microstructure enhancements
HKEX News, 28 Sep 2020
Hong Kong Exchanges
and Clearing Limited (HKEX) launched the latest tranche of futures contracts as
part of its new index licensing agreement with MSCI Inc., further expanding
product breadth and depth in Hong Kong’s international financial markets. The
five MSCI index futures contracts that were successfully listed on HKEX’s
derivatives market are:
Full text: click here
[China] China needs
to step up global financial integration: official
Business Times, 28 Sep 2020
China needs to further open its capital
markets and financial industry to avoid being globally isolated, a senior
foreign exchange regulator said on Saturday. China will conform to international
rules to promote further integration of its capital markets, and continue
interest rate and exchange rate reforms in a steady and prudent manner, said Lu
Lei, deputy director of the State Administration of Foreign Exchange.
Full text: click here
