Daily News Headlines

  • News Headlines – 25-29 Sep 2020

    [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:

    1. MSCI Taiwan 25/50 (USD) Index Futures
    2. MSCI Taiwan 25/50 Net Total Return (USD) Index Futures
    3. MSCI Singapore Free (SGD) Index Futures
    4. MSCI Japan (JPY) Index Futures
    5. MSCI Japan Net Total Return (JPY) Index Futures

    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