11/04/2020
Since the eighteenth progress report on Basel III adoption issued in July, China has made progress on implementing rules on TLAC holdings, having issued draft rules in late September which will apply to the country’s G-SIBs starting from 1 January 2
11/03/2020
The listings of Alibaba, JD.com, NetEase, Xiaomi and Meituan Dianping in Hong Kong were made possible by the 2018 reforms.
11/03/2020
The Morningstar figures show that two-thirds of the 30 top-performing CPF-approved funds are focused on Asia, including six Singapore funds, five for China, and one each for India and Japan, while seven are focused on the Asian region.
11/03/2020
The increased stake will place J.P. Morgan ahead of competitors like Morgan Stanley, Goldman Sachs and UBS, which still own 51 percent of their own securities units but have intentions to move towards full ownership.
11/03/2020
The bill seeks to enhance the regulatory framework for VASPs (virtual asset service providers) – including digital exchanges, cryptocurrency firms and e-wallet services – to implement enhanced standards set by the FATF
11/03/2020
Stoker asked Glenfield why, given that FASEA had the ability to publish links to the submissions, they were not available on the web site, with the FASEA CEO claiming the submissions were available.
11/03/2020
The HKMA wants to see banks embracing and trialling new technologies and proofs of concept, and ultimately adopting more Regtech solutions, said central banker Arthur Yuen.
11/02/2020
Update prepared by Justine Lau (Partner, Hong Kong) and Jennifer White (Senior Associate, Hong Kong)