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Financial regulation

Zhao Changpeng, founder and former CEO of Binance. Photo: Reuters

‘The King is back’: Binance billionaire CZ plots life after prison

The founder of the world’s largest cryptocurrency exchange talks about his four-month incarceration, future plans, and more.

US set to ease crypto regulatory crackdown under Trump

China eases requirements on foreign investments in listed companies

Binance founder CZ says will not return to crypto exchange after imprisonment

Zhao Changpeng said he does not ‘have any need to go back’ to the world’s largest cryptocurrency exchange, although he remains the largest shareholder.

Founder and former CEO of Binance Zhao Changpeng attends an event in Rome on May 10, 2022. Photo: Getty Images

Chinese market regulator grants HSBC domestic fund custody licence

Lender joins four other foreign banks with right to provide custody services to onshore funds domiciled in mainland China.

Chainlink makes a case for blockchain-driven finance at SmartCon in Hong Kong

As Chainlink touts its technology that has brought blockchain transfers to the Swift network, geopolitical scrutiny is growing in the space.

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Yellen and China central banker discuss financial monitoring, money laundering

US treasury secretary’s meeting in Washington follows talks last week with China’s vice-minister of finance Liao Min.

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US Treasury Secretary Janet Yellen has been holding talks with Chinese finance officials. Photo: Getty Images/AFP

Hongkongers suffer more digital fraud than global peers, survey says

Gen Z users are in the crosshairs of online scammers who prowl forums and dating sites for prey, according to TransUnion.

China’s finance sector, a year after landmark conference, adapts to new normal

China’s central financial work conference laid down stricter standards for the field one year ago. How have practices and attitudes changed?

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Hong Kong court orders HK$1.85 million recovery in first civil suit against JPEX

District Court rules platform breached its duty, ‘wrongfully’ transferred away plaintiffs’ assets to other unknown crypto wallets.

JPEX advertisements in an MTR station in 2023. Photo: Handout

Opinion | Why digitising financial pipelines is essential for global prosperity

Improving digital payments, especially across borders, will make every aspect of global commerce easier and more accessible.

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A visitor displays a cup of coffee bought with China’s digital yuan, or the e-CNY, at the Digital China Summit in Fuzhou, Fujian province, on April 26, 2023. Photo: Xinhua

CICC hit with US$1.1 million in penalties over chip company’s IPO

The company, considered China’s Goldman Sachs, failed to exercise due diligence in S2C’s aborted share listing, CSRC says.

Opinion | How tech firms began to eat banks’ lunch

Technology companies are steadily moving into territory once dominated by banks, and they won’t stop at payments and lending platforms.

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China regulators go on charm offensive as economic growth stalls

CSRC Chairman Wu Qing solicited feedback from financial specialists and media representatives, according to a readout on the watchdog agency’s website.

The annual Financial Street Forum in Beijing on October 18, 2024. Photo: Xinhua.

China’s US$42 billion relending scheme boosts stock market

Twenty-one banks to extend loans for stock buy-backs and stake hikes as the part of the 300 billion yuan scheme unveiled late last month.

The 300 billion yuan relending programme is one of the two new financial facilities worth a combined 800 billion yuan unveiled by PBOC governor Pan Gongsheng late last month as part of efforts to shore up China’s US$9.6 trillion onshore stock market. Photo: Reuters

How can Hong Kong’s virtual banks stay competitive?

Since the Hong Kong Monetary Authority awarded its first licences in 2019, the sector has grown to include 8 virtual banks – but making money has not been easy.

Hong Kong names accounting regulator Kelvin Wong as next SFC chairman

Wong, 63, will serve a three-year term leading the market watchdog starting on October 20, replacing current chairman Tim Lui.

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China’s regulator investigating CICC over sponsorship of IPO for S2C

Investment bank ‘suspected of failing to exercise due diligence’ in the withdrawn offering, which led to penalties against S2C.

A sign for China International Capital Corp (CICC) is seen in Beijing. Photo: Getty Images

Opinion | Reform financial markets now – or be forced into it with the next crash

It’s not just market volatility. We need to understand the deep structural forces sometimes beyond any single national regulator’s power.

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China Renaissance names missing founder’s wife to chair investment bank

Hui Yin-ching, also known as Xu Yanqing, was designated as the chairperson of the bank’s board and executive director effective October 9, Renaissance said.

US charges crypto firms and staff with fraud, including 2 from Hong Kong

Prosecutors say the defendants engaged in sham trades to artificially inflate the trading volume of cryptocurrency tokens.

Defendants of a US fraud case are charged with manipulating the value of various cryptocurrencies. Photo: Reuters

Middle Eastern investors set to access Hong Kong shares with 2 ETFs

The SFC has noticed that international investors, who previously were underweight on Hong Kong stocks, have now rushed back into the local market.

Securities and Futures Commission CEO Julia Leung says the launch of ETFs tracking Hong Kong stocks on the Saudi stock exchange will strengthen ties between the two sides. Photo: Jonathan Wong

Hong Kong firm HKVAX gets approval to run city’s third cryptocurrency exchange

Local firm Hong Kong Virtual Asset Exchange aims to offer over-the-counter trading, exchange and custody services.

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Will new policy encourage Chinese banks to invest in struggling start-ups?

Beijing’s encouragement for banks to boost investment in unlisted companies is a big move in the effort to support start-ups, analysts say.

Shanghai offers sweeteners to foreign funds, signals bigger QFLP quota

Funding for unlisted Chinese companies has dried up over the past years, says Wang Feng of Ye Lang Capital, a financial services firm.

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Shanghai may miss its growth target after losses caused by Typhoon Bebinca this momth. Photo: EPA-EFE

Malaysia set to launch Forest City Financial Zone, but will it lure businesses?

Industry insiders say the government must go beyond tax incentives to attract the firms needed to revive the troubled US$100 billion project.

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A welcome sign stands at a roundabout in front of residential apartments in Chinese developer Country Garden’s Forest City in Johor Bahru, Malaysia. Photo: EPA-EFE

China names, shames 8 authorities after warning regions to curb hidden debt

Notices from top legislature and finance ministry come with debt management under the microscope amid scramble to achieve economic growth targets for 2024.

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Hong Kong sees biggest uptick in cryptocurrency activity in East Asia: report

The city rose to 30th place, up from the No 47 spot last year, in this year’s Global Cryptocurrency Adoption Index rankings by Chainalysis.

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Financial regulation
Key developments in regulation of financial markets with a focus on those in Hong Kong and mainland China.
last updated:
9 September, 2024
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