According to the joint circular, intermediaries may apply a streamlined approach when dealing with SPIs.
Tag: Hong Kong Monetary Authority
Hong Kong, China plan upgrade to Wealth Management Connect
The plans will see the wealth management scheme broadened out to include equities and an increase in the quota.
Hong Kong vows to support family offices
Chief executive John Lee proposed incentives to attract family offices to set up in Hong Kong.
Hong Kong set for Academy of Finance
Hong Kong’s finance sector is about to get a lot more academic after plans to set up an academy were boosted by the special administrative region’s monetary authority.
HK devises plans for financial industry expansion
Under fire from rival financial centres, Hong Kong’s authorities outlined plans to foster its financial industry in the latest fiscal budget report.
HK fines Coutts HK$7m for AML breaches
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.
Hong Kong launches 10-year sukuk
The product is the first 10-year sukuk launched by an AAA-rated government, according to the HKMA.
Hong Kong fintech sandbox exclusively for banks
Hong Kong pushed ahead of Singapore to launch the fintech supervisory sandbox, which allows banks to experiment with fintech solutions without full compliance.
The HKG government plans another sukuk bond
In connection with a potential second US dollar sukuk, the government said it has given several mandates. HSBC and Standard Chartered Bank are joint global coordinators, joint lead managers and joint bookrunners, and CIMB and National Bank of Abu Dhabi PJSC are joint lead managers and joint bookrunners. This month, the parties will arrange a […]
