TOPIC

SFC

(Left to right): AIF (T) founder and CEO Alvin Kwock, Cyberport director Charleston Sin, Financial Secretary Paul Chan Mo-po, Hong Kong Science and Technology Park’s CEO Albert Wong Hak-keung and FJDynamics’ chief financial officer Kiki Zhang during a media briefing at the end of the eighth FII conference in Riyadh on October 31, 2024. Photo: Enoch Yiu.

‘Not just talk’: Hong Kong secures billions in funds, deals at FII in Riyadh

The highlight of the week was the US$1 billion accord announced on the final day of the 2024 FII summit by the Saudi sovereign wealth fund and the HKMA.

1 Nov 2024 - 6:42PM

FII 2024: Hong Kong, Saudi Arabia to anchor US$1 billion investment fund

31 Oct 2024 - 9:37PM

Hong Kong start-ups head to Riyadh for the Future Investment Initiative

29 Oct 2024 - 3:17PM

Exclusive | Hong Kong to turn bankers’ summit into calendar ‘anchor’ on popular demand

The summit is pivoting from the publicity objective of its 2022 inaugural edition to making Hong Kong the venue to discuss issues that affect global banking.

22 Oct 2024 - 9:49AMvideocam

Chief Executive of Hong Kong SAR John Lee Ka-chiu (right) and Financial Secretary Paul Chan Mo-po during the second Global Financial Leaders’ Investment Summit at the Four Seasons Hotel in Central on 7 November 2023. Photo: May Tse.

Hong Kong sets 40-day ‘deadline’ to vet IPOs to boost market appeal

New time frame for processing IPO applications will add clarity and transparency, and potentially save costs for candidates, experts say.

18 Oct 2024 - 9:44PMvideocam

Hong Kong bound for top of IPO charts, outgoing SFC chair says

In a farewell media briefing, Tim Lui also says he is grateful to see the SFC owning its own permanent office space.

17 Oct 2024 - 7:30PM

Hong Kong’s SFC starts insider trading case against tycoon Dickson Poon

Dickson Poon, ex-husband of actress Michelle Yeoh, denies the allegation; his son and Dickson Concepts will also contest the SFC notice, according to filing.

15 Oct 2024 - 9:07PM

Dickson Poon (left) executive chairman of Dickson Concepts and his son executive director Pearson Poon, seen during a December 2018 media briefing. Photo: K. Y. Cheng

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.

14 Oct 2024 - 9:00PM

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.

7 Oct 2024 - 11:23AM

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.

4 Oct 2024 - 9:30PMvideocam

The new cryptocurrency exchange licence granted to HKVAX shows Hong Kong’s resolve to build up its virtual-asset industry. Photo: Shutterstock

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.

12 Sep 2024 - 10:00AM

Signage for bitcoin in Hong Kong on August 5, 2024. Photo: Bloomberg

Sanergy’s 98% meltdown wipes out US$2.6 billion of Chinese firm’s value

Hong Kong regulator’s warning of concentrated ownership triggers a sell-off in the Chinese firm’s stock, which had jumped 400 per cent in the last few months.

3 Sep 2024 - 4:43PM

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.

29 Aug 2024 - 2:54PM

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.

27 Aug 2024 - 6:30AM

Cryptocurrency ATMs, operated by Coinhero, are seem in Hong Kong. File photo: Bloomberg

Hong Kong virtual bank Mox starts bitcoin, ether ETF trading

Mox says it is the first virtual bank to offer spot cryptocurrency ETFs as part of an effort to offer a holistic banking and investing solution to customers.

7 Aug 2024 - 11:00AM

Hong Kong-based virtual bank Mox is expanding with its first crypto-related service offering ETFs. Photo: Handout

Chinese brokerage rewards Hong Kong crypto traders with Nvidia, Alibaba stock

Futu Securities is the largest online brokerage to directly sell crypto to retail investors, and it is rewarding early users with tech stocks or bitcoin.

2 Aug 2024 - 6:06PM

Hong Kong’s Insurance Authority appoints managers to take control of Tahoe Life

Derek Lai and Forrest Kam from Deloitte Touche Tohmatsu and Oliver Cheng from Deloitte Advisory have been appointed joint managers to handle day-to-day operations at the distressed insurer.

26 Jul 2024 - 6:32PM

As ether ETFs in US take off, Hong Kong may look to staking

Trading volume of spot ether ETFs has dwarfed that of similar products in Hong Kong, where some crypto investors hope the SFC will approve staking.

25 Jul 2024 - 8:00AM

A physical imitation of an ether cryptocurrency token on January 26, 2020. Photo: AFP

Hong Kong relaxes some stablecoin rules, launches limited trials

The HKMA announced the first stablecoin issuers to trial e-commerce, trade settlement and tokenised assets, with final rules to be submitted to Legco this year.

18 Jul 2024 - 6:19PM

Hong Kong authorities ‘gaining experience’ in disrupting illicit crypto activities

Post speaks to cryptocurrency experts after kidnapping involving demand for Tether stablecoin in exchange for boy’s return.

14 Jul 2024 - 4:16PM

Steady fund flows have bolstered Hong Kong’s financial hub status: SFC

Hong Kong-domiciled funds saw net fund inflows of HK$33 billion (US$4.2 billion) in the first quarter, following a 93 per cent jump last year, the SFC data showed.

12 Jul 2024 - 4:46PM

Assets under management in Hong Kong grew 2.1 per cent year on year in 2023 to HK$31.19 trillion (US$3.99 trillion). Photo: Sam Tsang

Hong Kong sentencing delayed for convicted Ching Lee market manipulators

Sentencing hearing adjourned until July as judge considers appropriate punishments for trio convicted of artificially boosting share price.

17 Jun 2024 - 4:08PM

China’s market watchdog aims to enhance funds recognition scheme with Hong Kong

Mainland China’s top securities watchdog has proposed amending a funds recognition scheme with Hong Kong in the latest move to boost cross-border trading and capital flow between the two markets.

14 Jun 2024 - 10:33PM

Hong Kong aims to stop shutting stock exchange for typhoons by September: source

Hong Kong is working hard on a new policy to keep its stock and derivatives markets open during typhoons or torrential rains, with a view to making the change in September, according to a source with knowledge.

7 Jun 2024 - 5:53PMvideocam

‘Sound strategy, poor execution’: several crypto firms stick it out in Hong Kong

Despite recent withdrawals, recently ‘deemed to be licensed’ exchanges spur some optimism about the future of Hong Kong’s virtual asset market.

5 Jun 2024 - 9:30PM

Hong Kong JPEX scandal: pair launch civil claims in bid to recover HK$1.8 million

Plaintiffs Herbert Lee and Chan Wing-yan have launched the first civil action against platform involved in an alleged HK$1.6 billion financial fraud.

4 Jun 2024 - 5:10PM

As of April, police had received 2,265 complaints related to the JPEX scandal. Photo: Bloomberg

11 crypto exchanges in Hong Kong ‘deemed to be licensed’, paving way for approvals

The SFC updated the exchanges’ status on its website, while the situation of six operators remains unknown, after several China-linked exchanges pulled out.

3 Jun 2024 - 11:39PMvideocam

Hong Kong and Saudi regulators explore pact for financial services, ETFs

The regulators of Hong Kong and Saudi Arabia will explore ways to cross-list ETFs and foster two-way fund flows, according to the Securities and Futures Commission.

3 Jun 2024 - 7:35PM

Help preserve 120 years of quality journalism.

SUPPORT NOW

SFC

The Securities and Futures Commission (SFC) is an independent statutory body set up in 1989 to regulate the city’s securities and futures markets. It works to ensure orderly securities and futures market operations, to protect investors and help promote Hong Kong as an international financial centre and a key financial market in China.

last updated:

9 September, 2024