The Hong Kong Securities and Futures Commission (SFC) and the UK’s Financial Conduct Authority have entered into a co-operation agreement to support fintech innovation.

The Hong Kong Securities and Futures Commission (SFC) and the UK’s Financial Conduct Authority have entered into a co-operation agreement to support fintech innovation.
Hong Kong’s Securities and Futures Commission (SFC) is proposing new cyber security control practices to reduce and mitigate hacking risks associated with internet trading.
Hong Kong’s Securities and Futures Commission proposed additional protective measures for selling ‘complex’ products via online distributing platforms and for providing robo-advisory services.
Taiwan is expected to allow local fund managers to set up private equity funds, according to Jeff Chang, chairman of Taiwan’s Securities Investment Trust and Consulting Association (Sitca).
The Chinese government’s warning on financial risk this week has put pressure on the country’s equity and bonds markets.
A former IPO approval committee member at the China Securities Regulatory Commission made an illicit gain of RMB 248m ($36m) by buying stakes in three pre-listed companies using insider information, according to the regulator.
Tightening regulations are top of mind for Asia’s wealth managers, as well as how to get a share of Asia’s growing wealth pool, according to Singapore-based Arete Financial Partners.
About 150 private banking clients of China Minsheng Bank’s Beijing Hangtianqiao sub-branch may have bought fake wealth management products that total as much as RMB 3bn ($435m), according to mainland media.
The Hong Kong branch of Coutts has been fined by the Hong Kong Monetary Authority (HKMA) for failing in its anti-money laundering (AML) and counter terrorist financing (CTF) checks.
Three British nationals allegedly involved in a boiler room scam were arrested in the Philippines on Monday.
Part of the Mark Allen Group.