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Financial regulation

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

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.

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

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

Hong Kong needs localised climate data to improve corporate disclosures, CPA body says

Hong Kong needs references for greenhouse gas emissions and projections for climate scenarios for listed companies, a standard setter said.

People viewed the skyline of Hong Kong Island from the West Kowloon Cultural District. Photo: Bloomberg

China creates ‘concerto’ of rules for insurance sector, promotes investment

China’s State Council issued a 10-point document on Wednesday outlining comprehensive regulations for the insurance industry.

Exclusive | Hong Kong weighs new OTC crypto scheme with SFC

A previous proposal had OTC cryptocurrency shops under the excise department, but some complained about confusing virtual asset rules, sources say.

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Cryptocurrency in focus as China sheds light on new money-laundering risks

Draft revision to the Anti-Money Laundering Law also refines the definition of anti-money-laundering, with seven types of offences listed.

China does not recognise virtual currencies as legal tender and strictly prohibits their circulation in the market. Photo: Shutterstock

China to ban ex-regulators from IPO investments for up to 10 years

The change is part of a wider crackdown on corruption to bolster flagging investor confidence in China’s US$8 trillion stock market.

China must act to avoid crisis, former Japanese central banker warns

Former central bank governors have raised the alarm over deflation and slowdown, both of which were symptoms in Japan’s ‘lost decades’.

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China’s ex-financial regulator urges easing to boost market growth

The capital market fares better than banks in supporting start-ups and promising technology firms, Shang Fulin tells the Bund Summit financial forum.

Shang Fulin, the former regulator of mainland China’s banking and securities sectors, speaks at the Bund Summit in Shanghai on Friday. Photo: Bund Summit

After ‘phenomenal’ growth, China needs plan to recover illicit digital assets

Growth of virtual currencies such as bitcoin and ether used in crimes has been ‘phenomenal’, law professor says.

Signage for Bitcoin cryptocurrency in Hong Kong. Photo: Bloomberg

China moves to curb money worship, extravagance and excess in financial sector

China’s financial industry is undergoing significant reshuffling, with lay-offs and pay cuts part of Beijing’s efforts to reduce risks.

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Open questions | Economist Marc Uzan on how China can help reshape the global financial system

Marc Uzan, who has campaigned for changes to the global financial system for 30 years, says he remains optimistic about international cooperation despite the rise of unilateralism.

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Editorial | Step up fight against Hong Kong online scam scourge

Phone scams have steadily increased, with losses nearly doubling in value last year in the city to HK$9.18 billion.

Many Hong Kong victims of online scams were told they were signed up for insurance policies or other services, then pushed to “cancel” the bogus orders by providing bank details and paying “earnest money”. Photo: Shutterstock

Hong Kong’s launch of wCBDC sandbox takes it closer to tokenised market

Six participants, including HSBC, Standard Chartered and Bank of China (Hong Kong), showcased test cases that will be explored to boost scale and interoperability.

The HKMA has launched a wholesale central bank digital currency sandbox, which will test a new financial market infrastructure that facilitates all the stages of a tokenised asset transaction. Photo: Shutterstock

Crypto exchange HashKey opens two new tokens to retail investors

The cryptocurrencies, among the top 20 but not household names, were chosen because some bigger tokens face legal disputes, CEO Livio Weng says.

Landmark ruling highlights need for Hong Kong’s crypto regulatory framework

Hong Kong High Court decision provides clarity and is consistent with the principle that new legal entities in the cryptocurrency field must be open to scrutiny.

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China to keep up financial risk control with draft rules for microlenders

A draft set of rules and standards have been released for China’s microfinancing firms, with risk control and consumer protection in mind.

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China’s new draft rules for microfinancing would set loan limits and enhance consumer protections. Photo: AFP

Liu Jin resigns as Bank of China’s president for ‘personal reason’

The move came as a surprise as Liu, born in 1967, has yet to reach the official retirement age of 60 years for men.

China’s money laundering crackdown puts crypto investors, USDT traders at risk

China’s highest court says use of virtual assets to transfer criminal proceeds is among a range of money laundering methods on the mainland.

Hong Kong urged to grab chance after unprecedented ruling in blockchain case

Authorities urged to introduce legal framework to boost investors’ confidence and turn Hong Kong into a global Web3 hub.

Courts in Hong Kong and other jurisdictions have had little experience in dealing with disputes related to cryptocurrency trading, the judge said. Photo: Sam Tsang

Market regulator’s alleged links with billionaire group sparks row in India

Opposition’s call for parliamentary probe could put government in an awkward position, but analysts say market fallout may be unlikely.

A man attends to a phone call at the BSE building in Mumbai on August 5. Photo: AFP

HKMA, Cyberport collaborate on GenAI sandbox to support adoption in banking

The sandbox serves as a framework, with computing resources and supervisory guidance, to help banks test and build their GenAI applications.

Safeguards crucial as Hong Kong seeks slice of cryptocurrency pie

It is important to strike a balance between protecting investors’ interests and making a favourable regulatory environment for coin issuers.

Opinion | A HKEX shift into data and connectivity could put Hong Kong on top again

From Nasdaq to the LSE, data is no longer a business by-product but an asset that can power the next generation of global capital markets.

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Data is the new oil and HKEX has to grasp this opportunity. Photo: Jonathan Wong

China’s central bank wary of bond bonanza as talk of secondary trade continues

The People’s Bank of China remains open to taking part in the secondary bond trade, but warned of several potential risk areas it said would warrant close attention.

The People’s Bank of China, the country’s central bank, has warned of potential risk areas in the bond market as it mulls stepping up its activity. Photo: AFP

Top Chinese fund manager whisked away as Beijing clamps down on securities sector

The chairman of Harvest Fund Management has resigned after being placed under investigation, according to a statement from China’s fourth-largest mutual fund firm.

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Chinese research firm CEBM halts operations amid ‘nuclear winter’ in finance

The firm, which serves top mutual-fund houses, puts all employees on unpaid leave amid a Beijing crackdown on illegal behaviours and extravagance in the securities sector.

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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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