Search Results for: Hong Kong
U.S. stocks advanced; Shares in Hong Kong leaped the most since 2018; Euro to Dollar gained
September 4th, 2019
U.S. stocks advanced as a broad easing of risks across the globe gave investors a reprieve. Treasuries and the dollar declined. The S&P 500 rebounded from Tuesday’s losses along with European and Asian shares as political tensions appeared to ...
Hong Kong unveiled first set of rules governing the cryptocurrency market
November 2nd, 2018
Hong Kong’s financial watchdog unveiled on Thursday a comprehensive set of regulations governing cryptocurrencies in a move to enhance investor protection which analysts believe could help make the city a major trading centre for virtual assets, analysts said. The ...
Hong Kong is looking to bring innovative technology in lending business
May 14th, 2018
The Hong Kong Monetary Authority (HKMA), the government authority in Hong Kong responsible for maintaining monetary and banking stability, released an announcement to inform that has issued guidelines to banks on Credit Risk Management for Personal Lending Business. The guidelines ...
Interactive Brokers Hong Kong fined $4.5 million
February 15th, 2018
The Securities and Futures Commission (SFC) has reprimanded and fined Interactive Brokers Hong Kong Limited (IBHK) $4.5 million after resolving concerns over IBHK’s breaches of the Code of Conduct in its execution of market orders using electronic and algorithmic ...
Hong Kong and Dubai financial regulators sign Fintech cooperation agreement
August 29th, 2017
The Securities and Futures Commission (SFC) entered into a cooperation agreement with the Dubai Financial Services Authority (DFSA) to establish a framework for mutual assistance to keep abreast of the development and application of financial technology (Fintech) (Note 1). ...
Hong Kong and Australia seal agreement on fintech cooperation
June 13th, 2017
The Hong Kong Securities and Futures Commission (‘the SFC’) and ASIC today signed an Agreement on fintech cooperation which provides a framework for cooperation to support and understand financial innovation in each economy. This Cooperation Agreement builds on the ...
Bank of China (Hong Kong) Limited to join EBS Direct as a Liquidity Provider
June 6th, 2017
Bank of China (Hong Kong) Limited brings improved liquidity and pricing to the important CNH market and other major currencies NEX Markets, a NEX Group business which provides electronic trading technology services in the fixed income and foreign exchange ...
The regulatory authorities of Hong Kong and UK sign Fintech cooperation agreement
May 15th, 2017
The Securities and Futures Commission (SFC) today entered into a cooperation agreement with the UK Financial Conduct Authority (FCA) to foster collaboration in support of financial technology (Fintech) innovation (Note 1). Under the agreement, the SFC and the FCA ...
Japan, Australia, Hong Kong, South Korea stock indexes gain
March 28th, 2017
Japan, Australia, Hong Kong, South Korea stock indexes gain Yen higher after earlier loss, Australian bonds continue rally The selloff in riskier assets eased after U.S. stocks staged a recovery, with most Asian equity markets resuming their upward trajectories ...
SFC reprimands and fines DBS Vickers (Hong Kong) Limited $2 million
March 16th, 2017
The Securities and Futures Commission (SFC) has reprimanded DBS Vickers (Hong Kong) Limited (DBSVHK) and fined it $2 million for regulatory breaches and internal control failings relating to under-segregation of client money (Note 1). The disciplinary action follows an ...
