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...The Swap Connect was first announced by the People’s Bank of China (PBoC), Hong Kong’s Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA)....
...Jonathan Crompton, Hong Kong-based partner at the law firm RPC, said “the HKMA and the SFC [Securities and Futures Commission] are being quite vocal about their expectations”....
...In response to requests for comment, the HKMA directed all inquiries about the Swap Connect to the SFC as the scheme’s lead regulator, while the SFC said: “As envisaged at the time of the joint announcement...
...The local regulator said that the territory’s total of 175 SFC-authorised ETFs had a market capitalisation of HK$369.5bn at the end of September....
...As a result, Scottish residents earning above £26,561 will pay more in income tax than those in the rest of the UK, according to the SFC....
...“The SFC has not really revealed clearly who is now licensed and who isn’t,” she added. “Many people are still quite confused.”...
...In a written report to the Legislative Yuan, titled: “From the popularity of ETFs to see how the government can improve the investment pipeline to guide retail capital”, the SFC stated that it planned to...
...However, fund managers pointed out there were other venture capital firms, family offices and hedge funds that were not part of the SFC licensing regime....
...Christina Choi, executive director of Hong Kong’s SFC, who also attended the listing ceremony, said the regulator was working closely with Saudi Arabia’s Capital Market Authority to bring some Hong Kong...
...“They [the SFC] want to open up the industry but, at the same time, they always have concerns about investor protection,” says Wong....
...All digital asset trading platforms operating in Hong Kong or actively marketing to Hong Kong investors would need to be licensed by the SFC....
...It wants them to consider providing banking services to even those crypto firms that Hong Kong’s SFC has not yet awarded a licence, especially if they are in the process of applying for one, it said in a...
...Five years ago the Hong Kong regulator SFC banned UBS — the strongest IPO house at the time in the Greater China market — from sponsoring IPOs for 18 months after a series of major mishaps....
...Goods Q2, BHP FY, Baidu Q2, China Aircraft Leasing Group, Coty H1 interim results, Q4, Fidelis Insurance Holdings Q2, John Wood Group H1, Kingsoft Q2, Lowe’s Q2, Macy’s Q2, Medtronic Q1, Redbubble FY, SFC...
...The case was the first time the SFC directly presented a case to Hong Kong’s market misconduct tribunal....
...Separately, the SFC last week fined Deutsche Securities Asia HK$2.45m for “issuing incorrect statements to its prime brokerage clients” and “delaying reporting its failures to the SFC”....
...“The crypto community has long believed that regulation inhibits innovation, limiting fintech development and thus investor choice,” the SFC’s Leung said in her keynote address....
...Fund firms could also face competition from overseas players who are being drawn to Hong Kong as a result of the SFC’s openness towards retail crypto products....
...The SFC will begin a recruitment process to appoint his successor, it said....
...AAX is not one of the SFC’s few licensed virtual asset trading platforms....
...His appeal against the SFC decision is scheduled for a December hearing....
...The SFC will conduct a public consultation on how retail investors may be given a suitable degree of access to digital assets under the new licensing regime, the Hong Kong government said....
...In April, Goldman Sachs reported rival bank Morgan Stanley to the SFC over a series of block trades in Hong Kong about three years ago....
...“To expand the variety of traded products and provide more investment opportunities and convenience for domestic and overseas investors, the CSRC and the SFC reached a consensus to include ETFs as eligible...
...Morgan Stanley, Goldman and the SFC declined to comment....
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