11/28/2023
Beijing police investigate major Chinese shadow bank Zhongzhi after it says it's insolvent
Police are investigating a Chinese wealth management company owned by Zhongzhi Enterprise Group days after the firm told investors it was insolvent
Legal, Regulation & Compliance
11/27/2023
The HKMA and banking sector support the launch of Anti-Deception Alliance to fight against fraud
ADA is the latest achievement in a long history of close public-private collaboration among the HKMA
11/24/2023
Hong Kong Monetary Authority and FSRA Join Forces to Enhance Local Data Exchange and Fintechs
Both the Hong Kong Monetary Authority and the FSRA hope to further promote inclusive and innovative financial services leveraging fintech and data in both markets.
11/22/2023
ASIC suspends licence of Suetonius Wealth Management
ASIC suspended Suetonius’s AFS licence to give the provider the opportunity to lodge its financial statements and audit reports.
11/17/2023
Appleby's Hong Kong Office Maintains strong presence in the Legal 500 asia pacific guide 2024
The team has also earned praise for their capabilities and exceptional responsiveness, as clients expressed their satisfaction with the legal services provided.
11/16/2023
Gen Z more concerned about finances than any generation in Australia
Encouragingly, nine in ten Gen Zs have a strong desire and intent to boost their money skills and financial confidence, despite facing several barriers.
11/16/2023
Carey Olsen's James Noble achieves Full (TEP) Membership with STEP
By attaining the highest level of membership with STEP, James has earned international recognition as an expert in trusts and estates.
11/15/2023
MAS Partners Financial Industry to Expand Asset Tokenisation Initiatives
This potentially paves the way for integration across the capital markets value chain including listing, distribution, trading, settlement, and asset servicing.
11/10/2023
Swiss SEBA Bank gets approval to provide crypto-related services in Hong Kong
SEBA will begin offering its services to institutional, professional investors and high-net-worth individuals in Hong Kong with immediate effect
11/10/2023
ASIC oversees more than $17.4 million in compensation to retail investors by OTC derivative issuers
Binance’s Australian financial services licence was cancelled on 6 April 2023 following its request to voluntary cancel its licence
11/09/2023
Ping An Denies Country Garden Report
The company expresses its deep regret that Reuters still insists on publishing the relevant untrue story.
11/08/2023
SEBA Hong Kong Awarded Licence by the SFC to Conduct Regulated Activities in Traditional Securities and Crypto-Related Services
Institutional and professional investors, including corporate treasuries, funds, family offices and high-net-worth individuals, can begin availing of SEBA Hong Kong’s licensed services from today.
11/08/2023
ASIC releases new alert list highlighting suspicious investment opportunities
ASIC has also updated its investor checklist which provides consumers important information on what steps they can take before investing.
11/07/2023
Hong Kong Kicks Off Banker Summit With Banquet
The summit, which takes place today and tomorrow, occurs on the back of the Hong Kong FinTech Week held last week.
11/06/2023
ASIC takes civil penalty action against Telstra Super in Australian-first case
The new regime makes certain provisions of ASIC’s Regulatory Guide for Internal Dispute Resolution
11/03/2023
SFC welcomes new financial infrastructure for retail fund distribution in Hong Kong
The SFC acknowledged the support of industry stakeholders and industry association on this initiative and will work closely with HKEX and other related parties to bring about the implementation of the platform.
11/02/2023
Ravi Menon Rules Out Politics After MAS
This deviates from other ex-colleagues like Heng Swee Keat, Tharman Shanmugaratnam and Richard Hu who served as finance ministers after leaving the MAS.
11/01/2023
Website and Internet Banking Login Screen Alert – Fraudulent websites and internet banking login screens related to Bank of China (Hong Kong) Limited
The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions.
11/01/2023
ASIC releases second publication on insights from the reportable situations regime
The publication shows little improvement has been made in key areas of concern that ASIC highlighted in the first publication on insights from this regime last year.
11/01/2023
Harneys advises J&T Global Express Limited on its Hong Kong IPO
The Harneys team was led by Shanghai-based Partner Calamus Huang with support from Senior Associate Lily Zhang.