On January 22, according to a report by Zhitong Financial Network, Ye Zhiheng, executive director of the intermediary department of the Hong Kong Securities Supervision Commission, revealed that the new license of the virtual asset trading platform will be approved in the near future, and it is expected that there will be good news in Quarter 1 in 2025. It is reported that the regulator has completed on-site inspections of all applicants, and there are currently 11 platforms in the application l...
The Hong Kong Securities Supervision Commission has reportedly warned the public to beware of an unlicensed virtual asset trading platform called International Standard Carbon Assets Technology Co., Limited, also known as "iSCAT" or "iSCAT Exchange." The Securities Supervision Commission said that "iSCAT" and/or "iSCAT Exchange" claimed to be a company that had operated in Hong Kong...
The Hong Kong Securities Supervision Commission has reportedly warned the public to beware of an unlicensed virtual asset trading platform called International Standard Carbon Assets Technology Co., Limited, also known as "iSCAT" or "iSCAT Exchange." The Securities Supervision Commission said that "iSCAT" and/or "iSCAT Exchange" claimed to be a company that had operated in Hong Kong...
Five providers of ESG ratings and data products have indicated they will sign up to the voluntary code, which was launched last month and covers four areas: good governance, systems and controls, conflict of interest management and transparency, RTHK's website reported on November 29. Liang Fengyi pointed out that although the Securities Supervision Commission does not directly regulate ESG information providers, it expects to improve the fairness and fairness of data collection through the code...
Virtual assets are now at the top of every financial regulator's agenda, said Dr. Ip Chi Heng, executive director of intermediaries at the Securities Supervision Commission in Hong Kong. Three virtual asset trading platforms have been licensed in Hong Kong and 15 applications are being processed. Investors can expect more licensed platforms to comply with the Securities Supervision Commission's robust investor protection measures.
Hong Kong Securities Supervision Commission Chief Executive Officer Leung Fung-yee said at the Wealth Management Summit that after the cross-border wealth management link and ETF link further expand the sales network of Hong Kong funds in the mainland, measures to further relax the mutual recognition arrangement between the mainland and Hong Kong funds may be further relaxed before the end of the year. She also stressed that the regulation of virtual assets is to regulate products rather than te...
On November 1, the official website of the Hong Kong Securities Supervision Commission updated the application information for a virtual asset trading platform license, which shows that Nebulas Exchange has submitted an application for a virtual asset trading platform license to the Hong Kong Securities Supervision Commission on October 25, 2024. The company name of the submitted virtual asset trading platform operator is "Nebulas Hong Kong Limited", and there is no Chinese name yet. So far, the...
According to official news, the Hong Kong Securities Supervision Commission has issued a vision to promote the vigorous development of Hong Kong's fintech ecosystem. On the basis of the current regulatory measures of the Securities Supervision Commission, which include risk-based on-site inspections and direct dialogue with the applicant's senior management and controllers, the Hong Kong Securities Supervision Commission is implementing an expedited license approval process to process virtual as...
According to official sources, the Hong Kong Securities Supervision Commission announced that in proceedings under section 213 of the Securities and Futures Ordinance, the Hong Kong Court of First Instance issued provisional injunctions to 11 persons suspected of manipulating the shares of Ding Yi Feng Holdings Group International Limited, and the relevant persons were prohibited from transferring any of their assets in Hong Kong, or in any way dispose or deal with any of their assets in Hong Ko...
The Hong Kong Securities Supervision Commission held a seminar at its headquarters on October 24 to maintain interaction with the industry and further explore the key challenges and opportunities facing the industry. At the seminar, the Hong Kong Securities Supervision Commission shared with the industry its proactive measures to promote the continued growth and stability of Hong Kong's capital markets, as well as recent developments in virtual assets, integrated fund platforms and RMB fixed inc...
Hong Kong Securities Supervision Commission: The timetable for the approval process of new listing applications will be optimized to further enhance the attractiveness of Hong Kong as a leading international IPO fundraising market in the region.
According to official news, after consultations with the Hong Kong Securities Supervision Commission, Victory Securities successfully passed the relevant regulatory inquiry process on October 10, 2024, and can initiate and manage the Victory VSG Virtual Asset Multi-Strategy Fund (referred to as the Fund), and accept investors to subscribe to fund units in stablecoins. This fund will be the first virtual asset investment fund licensed by the Hong Kong Securities Supervision Commission since the H...
The Financial Secretary of Hong Kong, Paul Chan, said that under the leadership of Dr. Wong, the Securities Supervision Commission will continue to implement the dual roles of regulator and market development promoter to ensure the fair, transparent and orderly operation of the local securities and futures markets, and focus on reform and innovation to consolidate and enhance Hong Kong's status as an international financial center. The Hong Kong Securities Supervision Commission has also continu...
According to the updated data on the official website of the Hong Kong Securities Supervision Commission, the application for a virtual asset trading platform license submitted by bitcoinworld to the Hong Kong Securities Supervision Commission has been returned on October 10. According to relevant information, the company name of the virtual asset trading platform operator submitted by bitcoinworld is "Bitcoin World Technology Limited", and the Chinese name is not applicable. Bitcoinworld first ...
The Hong Kong Securities Supervision Commission issued a circular stating that in the process of supervising licensed corporations engaged in the management of private funds and trust accounts, a number of deficiencies and unsatisfactory conduct were identified. Many of the cases involved serious misconduct that posed a significant threat to investors' interests and undermined public confidence in the integrity of the Hong Kong market and Hong Kong's status as an international asset management c...