Crypto exchanges flee from Asia amid regulatory uncertainties
Business

Crypto exchanges flee from Asia amid regulatory uncertainties

Scared away by regulatory clampdowns and uncertainty, cryptocurrency exchanges are fleeing Asia in general and Hong Kong in particular. At least three major exchanges, including…

SFC proposes to triple compensation for investors from defaulting companies
Policy

SFC proposes to triple compensation for investors from defaulting companies

The Securities and Futures Commission (SFC) said in a statement on April 27 that it is considering to update its Investor Compensation Regime (ICR). The…

Failed abroad, to fail in Hong Kong? New tax on vacant homes of uncertain impact

In a city where housing situation has been a nightmare for many, the government is looking to an alternative to stamp duty to alleviate the…

Global free trade trumps protectionism, Australia says

Australia’s trade minister Steven Ciobo delivered a speech in Hong Kong, one of the world’s freest economies, on Monday (19 March) to advocate open trade…

Empowered regulator to up Hong Kong’s accounting regulation standard
Governance

Empowered regulator to up Hong Kong’s accounting regulation standard

Hong Kong auditors are expected to be under greater scrutiny, as newly proposed legislation may see the Financial Reporting Council (FRC) gaining more power to…

Asian banks may be hit by new European rules
Business

Asian banks may be hit by new European rules

Hong Kong funds and brokers could take a hit from new European rules on how they execute and report their trades. The second Markets in…

London Grenfell Tower Fire Policy Reactions Lead to Anger and Preference Changes

    Pak Shuen Policy changes driving by the Grenfell Tower fire in London (UK) have implications for Hong Kongers looking at that market. Pak…

HK revamp regulations to attract big technology IPOs
Regulation

HK revamp regulations to attract big technology IPOs

Over the past decade, technology has been a sector in Hong Kong’s stock market that hasn’t attracted strong interest. In fact, technology firms only accounted…

SFC and ICAC raids on Enigma network companies spread; Lau says no “systemic effect”
Business

SFC and ICAC raids on Enigma network companies spread; Lau says no “systemic effect”

  The SFC and ICAC make rare joint raids and arrests follow. More to come as Webb’s Enigma network comes under fire. The world asks…

IMF calls for caution as ‘connect’ schemes move forward
Business

IMF calls for caution as ‘connect’ schemes move forward

Increasing links between Hong Kong and mainland China financial market could create more risks, risks that one global watchdog feels Hong Kong may not be…