Daily News Headlines

  • News Headlines – 16-17 Dec 2020

    [Hong Kong] IFC and HKMA Showcase Best Practices in Sustainable Business and Climate Finance at the IFC Climate Business Webinar

    HKMA News, 15 Dec 2020

    The Centre for Green Finance (CGF) under the HKMA Infrastructure Financing Facilitation Office (IFFO) and the International Finance Corporation (IFC), co-hosted the first IFC Climate Business Webinar over the last two days (14-15 December). The event took place virtually in lieu of the previously planned 6th Annual IFC Business Forum, an IFC flagship event to discuss best practices in sustainable business and green banking. During the IFC Climate Business Webinar, Mr. Eddie Yue, Chief Executive of the HKMA and Mr. Vivek Pathak, IFC’s Director for East Asia and the Pacific, discussed the recent launch of the Alliance for Green Commercial Banks.

    Full text: click here

    [Hong Kong] SFC licenses first virtual asset trading platform

    SFC News, 16 Dec 2020

    The SFC announces that it has granted the first licence to a virtual asset trading platform in Hong Kong. The platform is licensed for Type 1 (dealing in securities) and Type 7 (providing automated trading services) regulated activities. It will only serve professional investors under the close supervision of the SFC and will be subject to tailor-made requirements similar to those which apply to securities brokers and automated trading venues.

    Full text: click here; T&C for Virtual Asset Trading Platform Operators: click here

    [Hong Kong] Fifth Issue of Regtech Watch

    HKMA Circulars, 16 Dec 2020

    HKMA published the fifth issue of Regtech Watch which focuses on technology applications that can help maintain business continuity and effectively respond to the various operational challenges presented by the COVID19 pandemic.

    Full text: click here; Encl: click here