Advertisement
Advertisement
TOPIC

Financial regulation

Financial regulation
Key developments in regulation of financial markets with a focus on those in Hong Kong and mainland China.
China’s Ministry of Finance, along with the State Taxation Administration, issued detailed rules this year governing individual income tax on offshore trusts, with some Hong Kong MPF accounts now mistakenly caught up in the tax drive. Photo: VCG via Getty Images
Banking & finance

Mainland Chinese tax drive flags Hong Kong MPF accounts as offshore trusts

As Beijing tightens tax collection, some mainland residents who previously worked in Hong Kong are being asked to explain their MPF accounts.

Banking & finance

How will Hong Kong’s new 5-year plan court global capital?

Cryptocurrency

Can Hong Kong use US crypto bill failure to boost its digital asset hub role?

Banking & finance

Hong Kong rated Asia’s top financial hub for fourth straight year: report

City also ranked third overall in the Global Financial Centres Index as Asian hubs strengthened their positions in the top 10.

Hong Kong has retained its ranking as Asia’s top financial hub for a fourth consecutive year. Photo: Jelly Tse
IPO

Tighter scrutiny of Hong Kong IPOs could slow deal flow, analysts say

CSRC and SFC wake-up calls to bankers and other intermediaries indicate emphasis on quality over quantity amid fervour for listings.

Wealth management

In Focus | Why shifting assets won’t save New York’s rich Chinese from Beijing tax rules

With the 90-day grace period soon to run out, some ultra-wealthy living outside mainland China face complicated tax liability questions.

videocam
Advertisement
Advertisement
Advertisement
China’s private sector

Open Questions | Veteran investor Fang Fenglei on why China’s ‘investibility’ remains a certainty

Influential financier who helped found CICC says arguments against China investment ‘do not hold water’.

videocam
Illustration: Brian Wang
Banking & finance

Why Hong Kong banks see mainland Chinese investors as key to wealth growth

The city will continue to serve as a vital platform linking mainland China with international capital, Hong Kong Association of Banks says.

Banking & finance

China says yuan’s global rise is ‘irreversible’ – and has a plan to back it up

From bilateral swaps to keeping premier tech firms on mainland exchanges, Beijing details the blueprint to build a financial powerhouse.

12
Banking & finance

To lure long-term capital, Hong Kong financial council calls for MPF expansion

Official think tank urges broader retirement-fund investments, more mainland institutional capital and reforms to boost listings, bonds and corporate restructuring.

The eMPF mobile app is the central electronic platform for managing Mandatory Provident Fund schemes in Hong Kong. The Financial Services Development Council suggests allowing a portion of MPF funds to be invested in more asset classes and infrastructure. Photo: Handout
Banking & finance

China’s capital injection steels banks, insurers for rough road ahead

US$54 billion recapitalisation comes amid squeeze on commercial banks’ earnings and push for insurers to bolster the liquidity of Chinese stock markets.

Photo: Getty Images
Banking & finance

China pumps massive US$54b into insurers, banks in financial powerhouse push

The rare capital boost of such magnitude seeks to shore up insurers and banks as solvency pressures mount and regulatory demands loom.

31
Hong Kong society

Why Chelsea football shirts are making Hong Kong fans nervous about crypto laws

Caught between their favourite football club and Hong Kong’s Stablecoins Ordinance, fans want to know if they can wear the tops openly.

videocam
6
Banking & finance

Hong Kong poised to pass New York, London as top finance hub in GFCI

‘It’s going to happen,’ creator of Global Financial Centres Index says, as long as city maintains openness and predictability.

15
Hong Kong’s eventual rise to the top of the GFCI ranking hinges on it continuing to “treat everybody fairly”, ranking creator says. Photo: Jelly Tse
Banking & finance

Hong Kong regulator reclassifies certain funds with exposure to private markets

The industry has increasingly focused on the risks of what was previously a booming private credit industry.

Victoria Harbour and the city’s skyline. Photo: Karma Lo
Banking & finance

Hong Kong’s long-term wealth hub status safe from mainland curbs: JPMorgan exec

The investment bank’s North Asia chairwoman downplays regulatory hurdles – and views the city’s rivalry with Singapore in ‘win-win’ terms.

Hong Kong property

Hong Kong home prices slip amid worries over Beijing’s tax clampdown

Housing rally stalls in July as tax risks curb demand, analysts say, raising doubts over market’s near-term outlook.

videocam
Advertisement
Advertisement
Advertisement
Banking & finance

Tiger, Futu surge overseas after Beijing clampdown strips mainland growth engine

Brokerages shift to Southeast Asia, US and Europe amid Beijing’s stepped-up drive to root out illegal cross-border securities activity.

An ad for Tiger Brokers' AI chatbot runs on a Hong Kong tram. Photo: Handout
Chinese offshore investment

China targets offshore workarounds in new rules for individual investors

Newly drafted rules would expand oversight of direct offshore investments, with more reporting requirements but limited changes for market-linked schemes.

videocam
Blockchain

Bitcoin tops US$80,000 for first time since May as US moves boost crypto

Washington’s buy-back efforts for US debt, cryptocurrency policy support credited for 25 per cent rally.

5
Wealth management

Hang Seng Bank grows wealth network despite Beijing’s tighter capital scrutiny

Hong Kong lender says it is expanding its workforce to capture rising demand from high-net-worth clients.

Pedestrians walk past a Hang Seng Bank branch in the Central district of Hong Kong. Photo: Jelly Tse
Banking & finance

Why Hong Kong’s SK Hynix fund kept full leverage – and left investors strained

The chip fund maintained peak exposure as shares plunged, underscoring risks before regulators rolled out new flexible leverage rules.

videocam
The SK Hynix logo is seen on one of its products during The 26th Semiconductor Exhibition in Seoul, South Korea, on October 23, 2024. Photo: Reuters
Banking & finance

Ping An eyes Hong Kong ETFs after nod on cross-border investment

China’s largest insurer downplays tax changes, shares positive outlook after reporting 36 per cent profit growth.

Hong Kong stock market

Hong Kong stock exchange eases listing rules with 12-month application window

Around 500 companies currently have listing applications pending approval in Hong Kong, far above the historical average.

Banking & finance

Hong Kong financiers press for tax breaks after Singapore’s challenge

Lawmakers should hurry to approve proposed law or risk losing edge to Singapore in attracting asset managers, industry players say.

Singapore's monetary authority and finance ministry have announced measures including a tax exemption for investment profits. Photo: Shutterstock
Banking & finance

Chinese banks embrace cheaper short-term loan rates. A risk to profits?

As some major lenders begin pricing corporate debt against flexible short-term markets, analysts warn the shift could squeeze net interest margins even further.

Bank of China has already introduced DR-linked corporate loans in Shanghai and selected areas. Photo: Shutterstock
Hong Kong courts

Evergrande liquidators challenge watchdog’s HK$1 billion settlement with PwC

Developer’s liquidators are seeking to have agreement with PricewaterhouseCoopers Hong Kong quashed on the grounds of an abuse of power.

Hong Kong property

Prudential Hong Kong expands headquarters across Swire Properties’ towers

Company boosts office footprint despite insurance sector’s concerns over China’s tax clampdown.

Advertisement
Advertisement
Advertisement
Help preserve 120 years of quality journalism.
SUPPORT NOW
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement