Hong Kong’s Securities and Futures Commission (SFC) and Hong Kong Exchanges and Clearing (HKEX) will soon unveil their initial study about transforming the city into a carbon trading hub that connects China with the rest of the world.
Liquidity concerns over private equity assets may drive the demand for open-ended funds, but understanding the vehicles’ underlying assets is paramount.
Fund firms, broker-dealers and investment advisers can help plug gaps in Hong Kong’s responsible officer regime, says Julia Leung of the Securities and Futures Commission.
A veteran of Hong Kong’s Securities and Futures Commission, Christina Choi will oversee investment products, in the culmination of a long-running saga. But there remains a question over coverage of China activities.
Three JP Morgan units have been reprimanded and fined a total of HK$30 million for regulatory breaches and/or internal-control failings in Hong Kong.
Gong Yueyue received the ban in Hong Kong for accepting HK$100,000 to revise upwards a target share price in a research report.
An appeal court ruling overturning a conviction for unauthorised advertising has major implications for hedge funds in Hong Kong, says the lawyer who eventually won the case.
Julia Leung, former under-secretary of financial services and the treasury, has been appointed executive director of investment products at the SFC. But Lam's deputy CEO role remains unfilled, at least for now.
Changes announced yesterday by the Securities and Futures Commission herald stricter requirements for financial firms selling products and services to professional investors.
With Alexa Lam expected to retire in March, Hong Kong’s securities regulator is mulling how to replace her, sources say. Some predict the mutual recognition scheme will go live before then.
The Hong Kong regulator hands out separate bans for fraud and theft, and also fines securities and futures firm Kaiser HK$1.7 million for unauthorised cross-border business.
Former relationship manager Lum Yin Ling has been banned for life from re-entering the industry by Hong Kong’s Securities and Futures Commission.