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Financial regulation

Chinese Vice-Premier He Lifeng met Citigroup CEO Jane Fraser at the Great Hall of the People in Beijing on Thursday. Photo: Xinhua

Citigroup CEO meets Chinese officials as Beijing touts financial market reforms

Fraser said the Wall Street bank will ‘further its participation in the market to help promote US-China economic ties and trade’.

Top bankers stress resilience and wisdom key to navigating uncertainty

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Singapore ends pursuit of 15 laundering suspects who surrendered US$1.4 billion

Top bankers gather in Hong Kong for summit as regulators promise more reforms

Chinese Vice-Premier He Lifeng, who is bringing a huge delegation, will deliver a keynote speech.

CSRC Vice-Chairman Li Ming appears at the HKEX Connect Summit in Hong Kong on November 18, 2024. Photo: Jonathan Wong

Senegal heads to polls as new leaders eye parliamentary mandate

President Bassirou Diomaye Faye is seeking a majority to see through the promise of ambitious reform that elected him eight months ago.

China’s market regulator strikes positive tone as investors expect turbulence

CSRC boss Wu Qing urges securities firms and asset managers to enhance their capabilities and strengthen risk controls.

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‘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.

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

US set to ease crypto regulatory crackdown under Trump

President Donald Trump has previously pledged to fire the SEC chairman on the first day of his second administration.

China eases requirements on foreign investments in listed companies

New rule aims to draw foreign funds into yuan-denominated A shares by slashing capital requirements and reducing the lock-up period.

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.

The HSBC building in Central, Hong Kong, pictured on October 31, 2024. Photo: Jelly Tse

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.

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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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.

Workers walk during lunch hour in Tsuen Wan on March 21, 2023. Photo: Sam Tsang

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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China’s finance sector has lost some of its flamboyance as strict regulations have taken effect. Photo: AP

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.

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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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.

A Chinese flag flies outside the China Securities Regulatory Commission building in Beijing on February 8, 2024. Photo: Reuters

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.

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.

Cashless payments and self-service checkouts have become commonplace but, in Hong Kong, virtual banks have to fight to establish themselves in an already competitive banking environment. Photo: Shutterstock

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.

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.

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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People watch the Hang Seng Index on TV terminals outside a bank as the market plunges on Black Monday, October 19, 1987. Photo: SCMP Pictures

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.

China Renaissance’s founder Bao Fan and his wife Hui Yin-ching during the 2018 Breakthrough Prize at NASA Ames Research Center on December 3, 2017 in Mountain View, California. Photo: Getty Images.

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.

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.

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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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