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...
Chan Chi-wah, president of the Hong Kong Securities and Futures Federation, proposed six key points for Hong Kong to enhance the virtual asset sector, including: Relaxing the participation restrictions for mainland residents and allowing more mainland residents to participate in Hong Kong's virtual asset market, which will introduce a large amount of capital and technology, enhance the vitality and liquidity of the market, and expand Hong Kong's influence as a financial center. In a recent case ...
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...
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 a report in Hong Kong 01, Liang Fengyi, chief executive of the Hong Kong Securities Supervision Commission, said in an interview that it will take at least next year to promote the development of the regulatory system of virtual asset trading platforms, support the tokenization of traditional products, and use blockchain and Web3 basic technologies to complete the entire framework. For virtual asset trading platforms (VATP), Liang Fengyi said that the Securities Supervision Commissi...
Hong Kong Securities Supervision Commission Chief Executive Officer Liang Fengyi said in the latest interview that 11 platforms are considered to be licensed applicants have now undergone the first stage of on-site review, and put forward requirements for these applicants to rectify, with the goal of new progress before the end of the year, including sub-wholesale licensing, applicants who do not meet the requirements will lose the license qualification, and applicants who meet the requirements ...
Hong Kong Securities Supervision Commission Chief Executive Officer Liang Fengyi said that the test of the Ensemble project sandbox will focus on four themes: green and sustainable finance, trade and supply chain finance, fixed income and investment funds, and liquidity management. Among these four themes, the Hong Kong Securities Supervision Commission will co-lead the tokens related to the asset management industry under the fixed income and investment fund categories...
According to market news, the Hong Kong Securities Supervision Commission said that it has recently investigated the shareholding distribution of Guofu Innovation, and the results show that as of August 9 this year, the company's 20 shareholders held more than 3.55 billion shares (equivalent to 49.93% of the issued share capital), and the relevant shares together with the company's three major shareholders held more than 2.89 billion shares (accounting for 40.62% of the issued share capital), th...
The Hong Kong Securities Supervision Commission today released its "Quarterly Report for Q2 2024", which mainly covers virtual assets: During the quarter, nine entities were added to the alert list of suspicious virtual asset trading platforms to warn the public to beware of virtual assets.
Futu Hong Kong today officially launched a virtual currency trading service regulated by the Hong Kong Securities Supervision Commission. The customer investment threshold is HK $80 or US $10. Four spot trading pairs, including BTC, ETH, US dollar and Hong Kong dollar, can directly use Hong Kong dollar and US dollar to buy virtual currency at real-time exchange rates. In addition, Futu also provides Hong Kong-US stock spot ETF trading, Hong Kong-US stock futures ETF trading, and blockchain conce...
Hong Kong's Securities Supervision Commission has issued a press release warning the public about virtual asset-related fraud by an entity operating under the name "Proxinex". Investors reported difficulties withdrawing virtual assets from Proxinex and were later told that their "accounts do not exist". The Securities Supervision Commission also suspected that Proxinex had hired an agent to induce investors to deposit money with Proxinex through a dating app. The agent may have falsely claimed t...