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On 10 March 2025, the Securities and Futures Commission (SFC) published a circular reminding all licensed corporations and registered institutions of the enh…
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The Hong Kong Monetary Authority (HKMA) is intensifying its scrutiny of Authorised Institution (AI) licence applications under the Banking Ordinance (Cap. 15…
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The number of applications for SFC licences filed by new corporations dropped 12% year-on-year in the 2024-2025 financial year, according to the Securities a…
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The Hong Kong Monetary Authority (HKMA) has sharpened its supervisory focus on retail banking conduct. In December 2024, the HKMA issued a revised Banking Co…
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The Hong Kong Securities and Futures Commission (SFC) has made cybersecurity a stated enforcement priority for 2025-2026. Following a series of high-profile…
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The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) jointly published a circular in October 2024 setting out enhanced exp…
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The Hong Kong Monetary Authority (HKMA) has set a hard deadline of 30 June 2025 for the cessation of all remaining Hong Kong dollar (HKD) overnight indexed s…
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The Hong Kong Monetary Authority (HKMA) updated its Supervisory Policy Manual module on “Authentication Mechanisms” in March 2025, introducing new baseline e…
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**Disclaimer:** This article provides general information on regulatory implementation. It does not constitute legal advice. Consult a qualified solicitor fo…
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In late 2024, the Hong Kong Monetary Authority (HKMA) released its updated Supervisory Policy Manual module CA-G-5 on “Eligible Regulatory Capital for Author…
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The Hong Kong Monetary Authority (HKMA) issued a revised version of its 'Cloud Computing Guidance for Banks' in October 2024, marking the most significant up…
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The Hong Kong Monetary Authority (HKMA) has signalled a more intrusive supervisory stance on banks’ internal capital models. In its December 2024 Supervisory…
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**This does not constitute legal advice. Consult a solicitor for your specific case.**
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The Hong Kong Monetary Authority (HKMA) has tightened its grip on how consumer credit data is collected, stored, and shared. The trigger was the 2021 data br…
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The Hong Kong Monetary Authority (HKMA) has tightened its stance on cyber resilience for the banking sector. The 2024 'Cybersecurity Fortification Initiative…
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The Hong Kong Deposit Protection Scheme (DPS) underwent its most significant expansion in over a decade on 1 January 2025. The protection limit per depositor…
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On 18 March 2025, the Hong Kong Monetary Authority (HKMA) published its updated policy roadmap for the e-HKD project, now formally renamed the 'Digital Hong…
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The Hong Kong Monetary Authority (HKMA) published its “Digital Transformation in the Banking Sector” report in October 2024, setting a clear regulatory bench…
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On 28 October 2024, the Hong Kong Monetary Authority (HKMA) published its updated 'Fintech 2025' strategy, a policy document that directly affects every lice…
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The Hong Kong Monetary Authority (HKMA) is tightening its oversight of the Exchange Fund Bills and Notes (EFBN) market. In a circular issued in December 2024…
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The Hong Kong Monetary Authority (HKMA) announced in its 2025-26 Budget that the government’s Green and Sustainable Finance Grant Scheme (GSFGS) will be exte…
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The Hong Kong Monetary Authority (HKMA) issued its latest circular on interest rate risk in the banking book (IRRBB) in December 2024, signalling a material…
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The Hong Kong Monetary Authority (HKMA) formally updated its Supervisory Policy Manual (SPM) module on the Liquidity Coverage Ratio (LCR) in late 2024, incor…
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Hong Kong’s banking sector entered 2025 with a revised liquidity regulatory regime that tightens the calibration of two core metrics: the Liquidity Coverage…
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The Hong Kong Monetary Authority (HKMA) has maintained a phased approach to its Open Application Programming Interface (API) Framework since its introduction…
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The Hong Kong Monetary Authority (HKMA) issued a series of updated operational guidelines in late 2024 and early 2025 concerning the conduct of money market…
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The Hong Kong Monetary Authority’s Open API framework has moved from a voluntary initiative to a de facto compliance baseline for retail banks. Phase III, wh…
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The Hong Kong Monetary Authority (HKMA) has sharpened its focus on operational risk as a distinct capital charge, moving beyond its traditional treatment as…
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In early 2025, the Hong Kong Monetary Authority (HKMA) began publishing its first set of consolidated supervisory expectations specifically for operators of…
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The Hong Kong Monetary Authority (HKMA) has made physical climate risk a supervisory priority for 2025-2026. Following the release of its Supervisory Policy…
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Hong Kong’s residential property market entered a period of heightened uncertainty in late 2024, with transaction volumes falling to levels not seen since th…
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The Hong Kong Monetary Authority (HKMA) has sharpened its focus on resolvability for systemically important banks. A key driver is the Financial Stability Bo…
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The Hong Kong Monetary Authority (HKMA) has sharpened its supervisory focus on offshore renminbi (RMB) business, a shift driven by the rapid internationalisa…
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The Hong Kong Monetary Authority (HKMA) issued a supervisory circular in August 2024 titled 'Reputational Risk Management for Authorized Institutions,' which…
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The Hong Kong Monetary Authority (HKMA) published its annual resolution levy calculation notice in December 2024, setting the sector-wide funding requirement…
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The Hong Kong Monetary Authority (HKMA) published a consultation paper in March 2025 proposing amendments to the resolution regime under the Banking Ordinanc…
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The Hong Kong Monetary Authority’s (HKMA) SME Financing Guarantee Scheme (SFGS) has undergone its most significant operational tightening since its 2012 ince…
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The Hong Kong Monetary Authority (HKMA) has signalled a material escalation in its supervisory expectations for stress testing and capital adequacy. In its 2…
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The Hong Kong Monetary Authority (HKMA) published its updated Supervisory Policy Manual module on stress testing in October 2024, requiring all authorised in…
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In February 2025, the Hong Kong Monetary Authority (HKMA) issued a supervisory circular reminding all authorised institutions (AIs) that its on-site examinat…
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The Hong Kong Monetary Authority (HKMA) has sharpened its supervisory focus on how authorised institutions manage concentration risk arising from third-party…
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On 20 March 2025, the Hong Kong Monetary Authority (HKMA) published a revised supervisory policy manual (SPM) module for virtual banks, marking the most sign…
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The SFC issued a thematic review report in March 2025 examining anti-money laundering (AML) systems at 50 licensed corporations. The findings were stark: 34%…
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The first set of Hong Kong-specific guidelines for the ethical use of artificial intelligence in financial services took effect in August 2024. The Hong Kong…
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The Hong Kong Independent Commission Against Corruption (ICAC) recorded 62 corruption complaints against the financial and insurance sector in 2024, a 29% in…
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The Securities and Futures Commission (SFC) has made anti-fraud supervision a stated enforcement priority for 2025-2026, following a series of enforcement ac…
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On 1 June 2025, the Hong Kong government gazetted the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2025, bringing into force a…
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The Securities and Futures Commission (SFC) published its *Annual Report 2023-24* in June 2024, reporting that it received 1,088 new licence applications in…
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The Hong Kong Monetary Authority (HKMA) published a revised Supervisory Policy Manual module on “Authorisation” (SA-1) in October 2024, tightening the capita…
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In late 2024, the Hong Kong Monetary Authority (HKMA) issued a revised Supervisory Policy Manual (SPM) module on Business Continuity Planning (BCP), effectiv…
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The Hong Kong Monetary Authority (HKMA) published its second pilot climate risk stress test (CRST) in December 2024, covering 24 major authorised institution…
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The Competition Ordinance (Cap. 619) has been fully operational for a decade, yet its application to Hong Kong’s financial markets remains a rapidly evolving…
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The Hong Kong Securities and Futures Commission (SFC) published its annual enforcement report in early 2025, revealing a 34% year-on-year increase in the num…
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In March 2025, the Securities and Futures Commission (SFC) published its annual enforcement report, revealing that it had conducted 245 on-site inspections a…
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The Securities and Futures Commission (SFC) has signalled a decisive shift in enforcement strategy for 2025–2026. In its *Annual Report 2024–25*, the SFC dis…
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The SFC’s Manager-In-Charge (MIC) regime, now in its eighth year of enforcement, has shifted conduct risk from a board-level abstraction to a daily operation…
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In late 2024, the Hong Kong Privacy Commissioner for Personal Data (PCPD) issued a revised set of cross-border data transfer guidance, directly responding to…
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In March 2025, the Securities and Futures Commission (SFC) concluded 14 cross-border enforcement actions that relied on information obtained under its networ…
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In March 2025, the Securities and Futures Commission (SFC) published its annual enforcement report, revealing that it had concluded 203 investigations and ta…
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The Hong Kong Inland Revenue Department (IRD) issued its most recent CRS guidance update in December 2024, confirming that the 2025 reporting cycle will intr…
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The Hong Kong Monetary Authority (HKMA) issued a circular in September 2025 reminding all authorised institutions that the enhanced due diligence (EDD) thres…
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The Hong Kong Monetary Authority (HKMA) issued a circular on 27 March 2025, titled *Management of Personal Data in the Use of Generative AI*, directly addres…
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The Hong Kong Monetary Authority (HKMA) issued its revised 'Supervisory Policy Manual (SPM) module on Data Governance' in October 2024, taking full effect fr…
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**This does not constitute legal advice. Consult a solicitor for your specific case.**
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In the first quarter of 2025, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) jointly issued a supervisory memorandum…
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In late 2024, the Securities and Futures Commission (SFC) published its annual enforcement report, revealing that 14 disciplinary actions in the prior year i…
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The Securities and Futures Commission (SFC) has sharpened its enforcement focus on senior management accountability. The 2024-2025 enforcement report, publis…
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Hong Kong’s two financial regulators, the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA), have each operated separate re…
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In late 2024, the Securities and Futures Commission (SFC) published its *Annual Report 2023-24*, reporting that it processed 3,518 licence applications durin…
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**Disclaimer:** This article provides general information on Hong Kong Insurance Authority (IA) licensing procedures. It does not constitute legal or regulat…
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**This does not constitute legal advice. Consult a solicitor for your specific case.**
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Hong Kong’s Limited Partnership Fund (LPF) regime, enacted under the *Limited Partnership Fund Ordinance* (Cap. 637), has seen steady adoption since its 2020…
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The Securities and Futures Commission (SFC) and The Stock Exchange of Hong Kong Limited (HKEX) published a joint statement in December 2024 specifically addr…
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The Mandatory Provident Fund (MPF) system is the backbone of Hong Kong’s retirement savings framework, covering over 4.7 million employees and self-employed…
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The Hong Kong Inland Revenue Department (IRD) issued Departmental Interpretation and Practice Notes (DIPN) No. 62 in June 2024, providing the first comprehen…
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The Hong Kong Customs and Excise Department (C&ED) has intensified its scrutiny of Money Service Operators (MSOs) since the 2022 amendments to the Anti-Money…
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The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) have moved OTC derivatives reporting from a phase-in regime to full o…
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The Hong Kong Securities and Futures Commission (SFC) reported in its 2024-25 annual report that assets under management (AUM) in Hong Kong-domiciled funds r…
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In December 2024, the Securities and Futures Commission (SFC) published its latest review of asset and wealth management activities, reporting that Hong Kong…
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The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) have, since 2024, accelerated their scrutiny of recovery and resoluti…
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The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) have, since 2023, been actively expanding their supervisory sandbox a…
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On 2 August 2024, the Securities and Futures Commission (SFC) published its *Annual Report 2023-24*, revealing that it conducted 254 on-site inspections of l…
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The SFC’s new virtual asset trading platform (VATP) licensing regime, in full effect since June 2024, has exposed a critical bottleneck: the shortage of comp…
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The Securities and Futures Commission (SFC) published its *2024-2026 Strategic Roadmap* in January 2025, setting in motion the most significant overhaul of H…
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On 2 January 2025, the Securities and Futures Commission (SFC) published its revised *Licensing Handbook*, which for the first time formalised a structured '…
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**Disclaimer:** This article does not constitute legal advice. Consult a qualified solicitor for your specific case.
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The Hong Kong Securities and Futures Commission (SFC) published its 2024-25 enforcement report in January 2025, revealing that it handled over 1,700 data sub…
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The Securities and Futures Commission (SFC) has tightened its scrutiny of securities dealer licence applications in the wake of the 2024-2025 market volatili…
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The Hong Kong Monetary Authority (HKMA) has signalled a stricter enforcement posture for Stored Value Facility (SVF) licences in 2025, following the publicat…
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Hong Kong has moved decisively to define what counts as “green” for financial products. In May 2024, the Hong Kong Monetary Authority (HKMA) and the Securiti…
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The Hong Kong Inland Revenue Department (IRD) issued its 2025-26 Budget tax proposals on 26 February 2025, proposing a phased increase in the profits tax rat…
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The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) have sharpened their focus on third-party risk management throughout…
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The Securities and Futures Commission (SFC) published its revised regulatory framework for virtual asset trading platforms (VATPs) on 4 December 2024, settin…
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The Securities and Futures Commission (SFC) announced in its 2024-25 annual report that it processed 2,154 licence applications during the year, with a media…
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**Disclaimer:** This article provides general information on Hong Kong’s virtual asset service provider licensing regime. It does not constitute legal advice…
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The Hong Kong Securities and Futures Commission (SFC) published its *2024-2026 Strategic Framework* in January 2025, signalling a clear pivot toward tighter…
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The Securities and Futures Commission (SFC) published its 2024-2026 Enforcement Priorities in September 2024, signalling an intensified focus on firms with w…
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The SFC’s Manager-In-Charge (MIC) regime, now fully operational since August 2024, has shifted supervisory accountability from the firm as a corporate entity…
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In February 2025, the Securities and Futures Commission (SFC) published its latest enforcement report, revealing that it had conducted over 300 on-site inspe…
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Hong Kong’s Securities and Futures Commission (SFC) authorised 29 new Open-Ended Fund Companies (OFCs) in the first half of 2025 alone, bringing the total nu…
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The Hong Kong Customs and Excise Department (C&ED) has signalled a significant tightening of Money Service Operator (MSO) licence renewal scrutiny, effective…
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In March 2025, the Securities and Futures Commission (SFC) published its latest thematic review findings on outsourcing arrangements by licensed corporations…
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On 2 January 2025, the Securities and Futures Commission (SFC) and Hong Kong Exchanges and Clearing Limited (HKEX) jointly published conclusions to their con…
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In January 2025, the Securities and Futures Commission (SFC) published its thematic review findings on algorithmic and high-frequency trading (HFT) activitie…
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On 1 January 2025, the China Securities Regulatory Commission (CSRC) published its revised *Administrative Measures for the Pilot Program of Cross-Border Sec…
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The Hong Kong Securities and Futures Commission (SFC) reported in its *Annual Enforcement Report 2024* that it received over 1,200 suspicious transaction rep…
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The Securities and Futures Commission (SFC) has made it clear that a licensed corporation’s compliance system is no longer a static manual check. In its 2024…
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**This does not constitute legal advice. Consult a solicitor for your specific case.**
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On 21 February 2025, the Securities and Futures Commission (SFC) issued a circular to all licensed corporations on technology resilience requirements, effect…
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The collapse of a major international brokerage in early 2025 exposed a critical gap in client asset protection across Asia, prompting the Securities and Fut…
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In July 2024, the Securities and Futures Commission (SFC) published its revised *Code of Conduct for Persons Licensed by or Registered with the Securities an…
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**This does not constitute legal advice. Consult a solicitor for your specific case.**
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The Securities and Futures Commission (SFC) published its latest amendments to the *Code of Conduct for Persons Licensed by or Registered with the Securities…
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In December 2024, the Securities and Futures Commission (SFC) published its revised *Code on Unit Trusts and Mutual Funds* (UT Code) and the updated *Guideli…
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This does not constitute legal advice. Consult a solicitor for your specific case.
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The SFC’s 2024-25 enforcement report recorded 194 disciplinary actions and fines totalling over HK$1.02 billion, a 40% increase in penalty value compared to…
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The SFC’s enforcement division recorded 214 new complaint cases in the 2024-25 financial year, a 12% increase from the prior period, according to the Securit…
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In March 2025, the Securities and Futures Commission (SFC) published its annual enforcement report, revealing that it had concluded investigations into 194 c…
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The SFC’s enforcement of the *Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission* (the Code of Conduct) under s…
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In February 2025, the Securities and Futures Commission (SFC) published its annual *Report on the Conduct and Culture of the Intermediaries it Visited in 202…
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In April 2025, the Securities and Futures Commission (SFC) issued a thematic review report on risk culture across 30 licensed corporations, including global…
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In October 2024, the Securities and Futures Commission (SFC) published its annual enforcement report, revealing that it had conducted over 250 on-site inspec…
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The Securities and Futures Commission (SFC) published its *Enforcement Report 2024* in April 2025, revealing that it conducted over 250 onsite inspections an…
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On 2 January 2025, the Securities and Futures Commission (SFC) issued a circular reminding licensed corporations of their obligations under paragraph 11.1 of…
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The Hong Kong Securities and Futures Commission (SFC) and The Stock Exchange of Hong Kong Limited (HKEX) have intensified their scrutiny of connected transac…
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The SFC’s 2024-2026 strategic review of intermediary conduct has placed licensed representatives’ ongoing competency under a sharper spotlight. A key driver…
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In July 2024, the Securities and Futures Commission (SFC) published its *Corporate Governance Code for Licensed Corporations* (the Code), effective from 1 Ja…
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In March 2025, the Securities and Futures Commission (SFC) and The Stock Exchange of Hong Kong Limited (HKEX) jointly published a consultation paper proposin…
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The 2025 SFC enforcement report recorded 194 active investigations into unlicensed cross-border selling activities as of 31 December 2025, a 17% increase fro…
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The Hong Kong Securities and Futures Commission (SFC) has intensified its scrutiny of board composition for listed issuers, particularly the independence of…
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The Securities and Futures Commission (SFC) published its 'Regulatory Cooperation Framework for Cross-Border Securities Activities in the Greater Bay Area' i…
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The SFC’s Disclosure of Interests (DOI) regime under Part XV of the Securities and Futures Ordinance (Cap. 571) is not static. Following the implementation o…
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This does not constitute legal advice. Consult a solicitor for your specific case.
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The Hong Kong Stock Exchange (HKEX) published its final consultation conclusions on climate-related disclosure requirements in April 2024, mandating that all…
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In March 2025, the Hong Kong Securities and Futures Commission (SFC) published its latest annual enforcement report, revealing that over 40% of the disciplin…
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The Hong Kong Securities and Futures Commission (SFC) and the Stock Exchange of Hong Kong (HKEX) have fundamentally rewritten the rulebook for corporate disc…
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The Securities and Futures Commission (SFC) has escalated its scrutiny of financial reporting by listed companies in Hong Kong, marking a clear shift in enfo…
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On 14 August 2024, the Securities and Futures Commission (SFC) published its revised *Code of Conduct for Licensed Corporations and Registered Institutions*…
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The SFC’s 2024-25 enforcement report recorded a 40% increase in disciplinary actions linked to anti-money laundering failures, with fines totaling over HK$12…
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The Securities and Futures Commission (SFC) published its *Thematic Inspection Programme for Intermediaries 2025* in January 2025, signalling a sharpened foc…
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The Securities and Futures Commission (SFC) has intensified its enforcement focus on late or inaccurate disclosure of inside information. In its 2024-25 Annu…
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The collapse of a major retail brokerage in Hong Kong is no longer a hypothetical scenario. The Securities and Futures Commission (SFC) reported in its 2024-…
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The Securities and Futures Commission (SFC) published a consultation paper in June 2025 proposing a new set of enhanced internal audit requirements for all l…
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The Securities and Futures Commission (SFC) launched the Investor Identification Regime (IIR) for securities markets in two phases: the first phase for over-…
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The Securities and Futures Commission (SFC) has sharpened its focus on information technology (IT) risk management for licensed corporations. The catalyst wa…
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The SFC’s latest Annual Report, published in April 2025, recorded 3,244 licensed corporations and 47,637 licensed individuals as of 31 December 2024. These n…
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The Securities and Futures Commission (SFC) has been tightening its grip on individual gatekeepers. In its 2024-25 annual report, the SFC recorded 194 discip…
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The SFC’s notification regime for licensed persons is not a routine filing exercise — it is a compliance obligation that, if mishandled, can lead to enforcem…
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The Securities and Futures Commission (SFC) published its latest *Licensing Handbook* update in December 2024, marking the most significant overhaul of compe…
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The SFC published its long-awaited *Consultation Conclusions on Liquidity Risk Management Requirements for Open-Ended Funds* in October 2024, with the new ru…
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In the first half of 2025, the Securities and Futures Commission (SFC) and The Stock Exchange of Hong Kong Limited (HKEX) intensified their scrutiny of liste…
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The Hong Kong Securities and Futures Commission (SFC) introduced a dedicated regulatory regime for liquidity providers in listed structured products in 2023,…
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The Hong Kong Securities and Futures Commission (SFC) published its latest annual enforcement report in April 2025, revealing a 40% year-on-year increase in…
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The Hong Kong Exchange (HKEX) Listing Committee is not a rubber stamp. In 2025, the Committee rejected 14% of new listing applications at the initial vetting…
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The Hong Kong Securities and Futures Commission (SFC) published its long-anticipated consultation conclusions on the proposed market maker regime in March 20…
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The Securities and Futures Commission (SFC) concluded a record enforcement year in 2024, imposing total fines exceeding HKD 1.2 billion — a 74% increase from…
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The Hong Kong Securities and Futures Commission (SFC) issued a consultation paper in March 2025 proposing a new statutory code of conduct for market sounding…
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In March 2025, the Securities and Futures Commission (SFC) published its latest *Annual Report 2024-25*, reporting a 12% increase in licensing applications o…
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The Securities and Futures Commission (SFC) and Hong Kong Exchanges and Clearing Limited (HKEX) are pushing forward with the long-awaited electronic sharehol…
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The Securities and Futures Commission (SFC) published its annual report in April 2025, noting that cyber-attacks targeting licensed corporations rose by 34%…
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The Hong Kong Securities and Futures Commission (SFC) has been tightening the regulatory screws on over-the-counter (OTC) derivatives since the implementatio…
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The Securities and Futures Commission (SFC) published a revised set of statutory powers and procedural rules in 2024 under the *Securities and Futures (Limit…
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In mid-2025, the Securities and Futures Commission (SFC) concluded a high-profile market misconduct tribunal against a former executive of a listed biotechno…
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In March 2024, the Securities and Futures Commission (SFC) published its revised *Code of Conduct for Persons Licensed by or Registered with the Securities a…
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The Securities and Futures Commission (SFC) has made it clear that technology adoption is no longer optional for licensed firms. In its 2024-2026 Strategic P…
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The Securities and Futures Commission (SFC) has not relaxed its stance on Initial Coin Offerings (ICOs) entering 2025. A single token classified as a 'securi…
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The Hong Kong Securities and Futures Commission (SFC) has intensified its scrutiny of the unlisted share and debt security market, a shift that directly impa…
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The Securities and Futures Commission (SFC) published its finalised regulatory framework for virtual asset fund managers in November 2023, taking effect on 1…
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In October 2024, the Securities and Futures Commission (SFC) published its annual inspection findings, revealing that product suitability assessment remained…
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The SFC’s updated risk management guidelines, effective from 1 January 2026, impose a single, unified framework for market, credit, and operational risk on a…
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The Hong Kong Securities and Futures Commission (SFC) has sharpened its focus on securities lending and short selling activities in 2025. The catalyst was a…
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The Securities and Futures Commission (SFC) published its revised *Guidelines on Securities Margin Financing Activities* in October 2024, setting a complianc…
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In November 2024, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) jointly announced enhancements to the Bond Connect…
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On 2 January 2025, the Securities and Futures Commission (SFC) published its latest enforcement report, revealing that it had conducted 178 on-site inspectio…
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**Disclaimer:** This article is for informational purposes only and does not constitute legal advice. Consult a qualified solicitor for advice specific to yo…
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On 28 March 2025, the Securities and Futures Commission (SFC) issued a revised set of frequently asked questions (FAQs) on share buy-backs by listed issuers,…
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The Securities and Futures Commission (SFC) published its revised Code of Conduct for Persons Licensed by or Registered with the SFC in October 2024, which i…
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The Hong Kong Securities and Futures Commission (SFC) and The Stock Exchange of Hong Kong Limited (HKEX) have intensified scrutiny of share option schemes (S…
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The SFC’s 2025 enforcement report recorded a 40% year-on-year increase in formal investigations into corporate governance failures, with a specific focus on…
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The Hong Kong Securities and Futures Commission (SFC) and the Stock Exchange of Hong Kong (HKEX) are shifting from encouraging to expecting quantifiable soci…
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The Hong Kong Securities and Futures Commission (SFC) and The Stock Exchange of Hong Kong Limited (HKEX) have sharpened their scrutiny of spin-off listings b…
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The Securities and Futures Commission (SFC) released its latest annual review of stress-testing practices for licensed corporations in December 2024, flaggin…
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Hong Kong’s Securities and Futures Commission (SFC) published its latest *Annual Report 2024-2025* in June 2025, revealing a 34% year-on-year increase in str…
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Hong Kong’s takeover landscape is entering a period of heightened scrutiny. In June 2025, the Securities and Futures Commission (SFC) published its latest An…
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The Securities and Futures Commission (SFC) has significantly tightened its enforcement of the trade reporting regime under the Securities and Futures Ordina…
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The Hong Kong Securities and Futures Commission (SFC) published its *2024-25 Annual Report* in June 2025, confirming that the total number of licensed corpor…
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On 2 January 2025, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) published a joint consultation conclusion confirmi…
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Hong Kong’s futures market recorded an average daily turnover of 1.38 million contracts in 2024, a 12% increase year-on-year according to HKEX’s 2024 Market…
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The Securities and Futures Commission (SFC) introduced the Type 12 regulated activity licence in December 2024, specifically for over-the-counter (OTC) deriv…
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The SFC’s revised *Guidelines on Anti-Money Laundering and Counter-Financing of Terrorism* (effective January 2025) introduced enhanced due diligence require…
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In the twelve months ending March 2025, the Securities and Futures Commission (SFC) recorded a net increase of 84 licensed corporations holding a Type 4 (adv…
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The Hong Kong Securities and Futures Commission (SFC) has intensified its focus on the competence of licensed representatives. In its 2024 Annual Report, the…
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The Hong Kong Securities and Futures Commission (SFC) issued a consultation paper in June 2025 proposing stricter competency requirements for sponsors and co…
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On 1 March 2025, the Securities and Futures Commission (SFC) published its updated *Guidelines on the Regulation of Automated Trading Services* (the 2025 ATS…
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The SFC’s 2024-2025 enforcement report recorded a 35% year-on-year increase in disciplinary actions against licensed corporations, with a significant cluster…
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In March 2025, the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) published their latest joint circular on the sale of c…
editorial
香港金融牌照（SFC / HKMA / OCI）申请与持牌合规综合
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In January 2025, the Securities and Futures Commission (SFC) published its latest enforcement report, detailing 194 investigations and 17 disciplinary action…
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In March 2025, the Securities and Futures Commission (SFC) issued a thematic report on whistleblowing programmes at 12 major licensed corporations, revealing…
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The Securities and Futures Commission (SFC) has signalled a tightening of its oversight on responsible officers (ROs) in 2025, with a particular focus on the…
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The Securities and Futures Commission (SFC) rejected 131 licence applications in the 2023-24 financial year, according to its annual report published in June…