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Financial regulation

Financial regulation
Key developments in regulation of financial markets with a focus on those in Hong Kong and mainland China.
An image of US President Donald Trump seen next to a bitcoin ATM in Hong Kong on April 9. Photo: AFP
Digital currencies

Hong Kong ranks as second-most crypto-friendly city in the world in new index

The city is just behind Ljubljana, capital of Slovenia, in an evaluation based on factors such as regulation, taxes and wealth.

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Banking & finance

Tightened rules to shut many LGFVs out of Shanghai bond market, Fitch says

Banking & finance

Chagee, Miniso shrug off US delisting concerns amid Trump tariff war

Hong Kong economy

Editorial | HKEX must press ahead with board-lot reform

Lifting restrictions would boost liquidity, encourage turnover and give smaller retail investors greater choice.

The HKEX logo is seen outside its offices in Hong Kong. Photo: Reuters
Banking & finance

China’s central bank plans to name money launderers to curb financial crimes

The People’s Bank of China has added a column to its website listing entities at high risk for money laundering in advance of an international review.

Financial crime

Over 70% of Hong Kong executives expect increase in cybercrime in 2025: Kroll

Kroll also says 18 per cent of respondents believe their organisation’s compliance programme is very effective’.

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China's social credit system

China’s complex social credit system evolves with 23 new guidelines from Beijing

Guidelines also establish ‘seriously discredited entities’ list for specific sectors – and those on the list could face restrictions or bans on issuing stocks and bonds.

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China’s long-anticipated draft law for a national system tracking “social credit” was released in November 2022. It is still being updated with new guidelines. Photo: Simon Song
Banking & finance

Hong Kong to get world’s first tokenised money-market ETFs from Bosera, HashKey

Bosera HKD Money Market ETF and USD Money Market ETF, which have been approved by the SFC, are set to launch in April.

Family offices

More measures on the way to attract family offices to Hong Kong, Paul Chan says

More exemptions for funds and enhanced concessions for family offices to make city appealing for wealthy investors to manage their fortunes.

Hong Kong Monetary Authority (HKMA)

Wealth Connect 3.0: HKMA chief promises upgrades to boost appeal

The cross-border scheme for wealth-management products could also expand to mainland investors beyond the Greater Bay Area, Eddie Yue says.

Eddie Yue Wai-man, Hong Kong Monetary Authority chief executive, pictured at the Post’s Times Square office in Causeway Bay on October 18, 2024. Photo: Jonathan Wong
Singapore

Trump outsources ‘Made-in-America’ investments to Singapore crypto firm

The US president’s Trump Media & Technology Group says it plans to work with Singapore-based Crypto.com on exchange-traded funds.

US President Donald Trump attends the “White House Crypto Summit” in Washington on March 7. Photo: Reuters
Banking & finance

Top Hong Kong women CEOs talk about the school that fuelled their success

HKEX’s Bonnie Chan, SFC’s Julia Leung and Hang Seng Bank’s Diana Cesar talk about the school that shaped their worldwiew and beliefs.

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Banking & finance

Hong Kong orders brokers to rein in credits to pre-empt IPO madness

Futu Securities, the city’s biggest online broker, said the SFC directive might cool the IPO market frenzy a bit.

Wealth Report

How Hong Kong’s new SFC rules could transform alternative asset investing

As Hong Kong’s affluent increasingly shift towards non-traditional investments, new rules could provide a boost, although investors should be aware of the risks.

Most of Hong Kong’s high-net-worth investors are looking to diversify into alternative assets. Photo: Shutterstock
Wealth Report

From niche to necessity: private credit transforms Asia’s lending landscape

As rising interest rates and market volatility push investors towards alternative assets, private credit is gaining traction – though some question whether the sector can maintain its strong returns.

Since the global financial crisis of 2007-08, private credit – nonbank lending from institutional investors direct to businesses or individuals – has gone from strength to strength. Photo: Getty Images/AFP
Banking & finance

China’s central bank to create ‘more tools’ to shore up economy

The bank also pledged to cut interest rates and keep the yuan stable amid an uncertain global outlook.

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Singapore

Singapore to list bitcoin futures, join shift in expanding crypto derivatives

The move reflects a trend of traditional exchanges entering the cryptocurrency derivatives market to provide a regulated platform for trading digital assets.

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Blockchain

Ethereum co-founder Gavin Wood says Web3 is on track as finance firms move in

Wood’s newer project Polkadot is focused on scaling decentralised applications, with many developers coming from China.

Ethereum and Polkadot co-founder Gavin Wood. Photo: Matt Haldane
China's economic recovery

Shanghai dreams of bucking external factors, being magnet for foreign investors

Shanghai is ‘an important window for the world to observe China’, says city’s executive vice-mayor amid vow to improve and internationalise local business environment.

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IPO

Chinese carmaker Chery files Hong Kong IPO application

China’s second-largest carmaker lists China International Capital Corp, Huatai Securities and GF Securities as joint IPO sponsors.

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Blockchain

Hong Kong launches first retail tokenised money market fund in Web3 push

ChinaAMC’s Hong Kong dollar-denominated fund launched on the cryptocurrency exchange OSL and securities brokerage Solomon on Friday.

ChinaAMC is offering the first tokenised money market fund to retail investors in Hong Kong. Photo: Shutterstock
Digital currencies

US securities regulator files to dismiss Coinbase lawsuit

A court has separately paused the SEC’s lawsuit against Binance after a joint request, citing implications of the agency’s new crypto task force.

The logo for Coinbase Global, the biggest US cryptocurrency exchange, displayed on the Nasdaq MarketSite jumbotron in Times Square in New York on April 14, 2021. Photo: Reuters
IPO

China may ease IPO curbs as CSRC head signals policy loosening: Morgan Stanley

CSRC chairman Wu Qing emphasises role of capital markets in fundraising and how they can be leveraged to boost the economy.

Banking & finance

Crypto derivatives missing from Hong Kong’s virtual-asset push, Deribit says

Dubai-based exchange aims to expand in the city as the regulator is set to consider letting professional investors trade crypto derivatives.

Banking & finance

Beijing allows Hong Kong banks to issue credit cards in China from March 1

The new rules will benefit lenders such as HSBC, Standard Chartered, Bank of East Asia and Hang Seng Bank, analysts say.

Top Hong Kong banks like HSBC and Standard Chartered stand to gain from the opening up of China’s banking sector. Photo: Sam Tsang
Blockchain

Consensus Hong Kong: regulators seek ‘global liquidity’ in crypto amid Web3 push

The SFC licensed its first international crypto exchange on Tuesday as it courts global business at major Web3 conference.

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Physical representations of bitcoin seen at Consensus Hong Kong, organised by CoinDesk, at the Convention and Exhibition Centre on Wednesday. Photo: AFP
Banking & finance

HKMA mandates name-matching for transfers above HK$1,000 to combat scams

Banks have been asked to implement the ‘refined measures’ for instant fund transfers by the end of May.

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Banking & finance

Hong Kong to enhance markets, gateway role in trade, officials pledge

City aims to capitalise on emerging trade corridors and be gateway to mainland China, say treasury and central bank chiefs.

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