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SFC

Hong Kong eases listing thresholds for tech firms, SPAC deals in fresh tonic for IPO market

by Anas Siddiqui
Hong Kong eases listing thresholds for tech firms, SPAC deals in fresh tonic for IPO market

Hong Kong’s stock exchange operator is modifying its listing rules to make it easier for specialist technology companies and special-purpose acquisition companies (SPACs) to raise funds from investors, after a …

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Hong Kong exchange will promote yuan products, rebuild IPO status, new HKEX chairman vows

by Anas Siddiqui
Hong Kong exchange will promote yuan products, rebuild IPO status, new HKEX chairman vows

Hong Kong Exchanges and Clearing (HKEX), which operates Asia’s third-largest stock market, will introduce more yuan products and more measures to boost the exchange’s international status, said its chairman Carlson …

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Market manipulators of Hong Kong-listed Ching Lee have sentencing adjourned to July

by Anas Siddiqui
Market manipulators of Hong Kong-listed Ching Lee have sentencing adjourned to July

A sentencing hearing for three individuals convicted in a high-profile market manipulation case involving Hong Kong-listed Ching Lee Holdings has been adjourned until July, according to court officials. Additional time …

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Market manipulators of Hong Kong-listed Ching Lee Holdings convicted in landmark jury trial

by Anas Siddiqui
Market manipulators of Hong Kong-listed Ching Lee Holdings convicted in landmark jury trial

A Hong Kong court has convicted three individuals for conspiring to manipulate the market after a landmark 22-day trial. A nine-member jury at the Court of First Instance found Sit …

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Hong Kong sees third major cryptocurrency exchange withdraw licence application as Gate.io unit drops out

by Anas Siddiqui
Hong Kong sees third major cryptocurrency exchange withdraw licence application as Gate.io unit drops out

Gate.HK, the Hong Kong arm of cryptocurrency exchange Gate.io, has withdrawn its application for a virtual-asset trading platform licence, the third company affiliated with a major global exchange to end …

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Green finance: ESG conduct code for ratings and data providers up for industry discussion, aims to raise transparency

by Anas Siddiqui
Green finance: ESG conduct code for ratings and data providers up for industry discussion, aims to raise transparency

“The code, together with the self-attestation document, will be vital in fostering greater transparency, quality and reliability of ESG information, as well as comparability of products,” said SFC CEO Julia …

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Elon Musk deepfake crypto scam highlights risks to Hong Kong as AI-related fraud rises

by Anas Siddiqui
Elon Musk deepfake crypto scam highlights risks to Hong Kong as AI-related fraud rises

Last week, the Hong Kong Securities and Futures Commission (SFC) warned of a scam using deepfakes of Elon Musk touting a cryptocurrency trading platform called “Quantum AI”. The scam is …

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HTX affiliate Huobi Hong Kong withdraws crypto licence application for second time, must shut down by August

by Anas Siddiqui
HTX affiliate Huobi Hong Kong withdraws crypto licence application for second time, must shut down by August

The Hong Kong affiliate of cryptocurrency exchange HTX, formerly Huobi Global, has for the second time withdrawn its application for a licence to operate a virtual asset trading platform (VATP) …

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Hong Kong virtual lender ZA Bank eyes retail services for digital assets as new regulations come into effect in June

by Anas Siddiqui
Hong Kong virtual lender ZA Bank eyes retail services for digital assets as new regulations come into effect in June

ZA Bank’s planned expansion into the digital asset sector comes as Hong Kong’s mandatory licensing regime for centralised cryptocurrency exchanges takes effect from June 1. (From left) ZA Bank’s alternate …

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Hong kong to Launch Spot Bitcoin and Ethereum ETFs on April 30th

by Isaac Wright
Hong kong to Launch Spot Bitcoin and Ethereum ETFs on April 30th

Hong Kong’s SFC grants final approval to spot Bitcoin and Ethereum ETFs, marking a significant milestone for Asian crypto markets. ChinaAMC, Harvest, and Bosera HashKey ETFs will begin trading on …

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