Tag: Hong Kong
HSBC leads $250m private loan in Hong Kong FinTech FundPark
Hong Kong-based FinTech company, FundPark, has secured a $250m private loan led by HSBC.
Hong Kong Monetary Authority considers mandatory green rules for banks
The Hong Kong Monetary Authority (HKMA) is considering making its green taxonomy framework mandatory for the banking sector
Almost 9 in 10 investment firms are seeing performance gains from...
ThoughtLab conducted a comprehensive survey in September / October 2023 of 250 investment providers. These include broker-dealer/wire-houses, private banks, online trading platforms, wealth management...
SFC and ICMA collaboration paves the way for global ESG ratings...
The HK SFC is sponsoring the International Capital Market Association (ICMA) to form a dedicated working group on ESG.
Insurance Authority collaborates with ICAC to combat insurance industry corruption
The IA, a regulatory body overseeing the insurance sector in Hong Kong and the ICAC have entered into an agreement.
The importance of identifying shell companies
Financial institutions play a pivotal role in preventing money laundering. Over the past 18 months, government bodies have frequently highlighted shell companies as significant red flags in anti-money laundering (AML) activities. Consequently, one must ask, is your institution actively identifying shell companies in its transactions? More importantly, can it detect shell companies with tangible sanctions and watchlist links?
HKMA lays down net zero transition principles for Hong Kong banks
The Hong Kong Monetary Authority (HKMA) has issued a set of principles guiding banks on the transition to a net zero economy.
Hong Kong joins GFANZ’s APAC Network in global climate transition drive
The GFANZ has recently made significant strides into Asia with its most newest member: the Hong Kong Chapter.
HKMA leads charge in Hong Kong’s FinTech revolution with road map
The Hong Kong Monetary Authority (HKMA) is aiming to make Hong Kong a leading FinTech hub through a 12-month road map.
Hong Kong, Saudi Arabia forge partnership for FinTech innovation
The Hong Kong Monetary Authority (HKMA) and the Saudi Central Bank (SAMA) have recently initiated a partnership.