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The hong kong monetary authority Has Issued New Online Banking Licenses
The hong kong monetary authority (HKMA) has recently stated that it is issuing four more virtual banking licenses, bringing the total number of virtual banking license owners to eight. This means that the overall number of banking licenses of various types operating in Hong Kong is equal to 160. **Norman Chan, the HKMA’s chief executive officer stated:** **“**We are pleased to grant f...
Path: BlogNew tax relief measures in Hong Kong budget
...o debt instruments and for any other instruments having the original maturity not less than 7 years. Moreover, the debt instrument scheme might be expanded shortly. For now, only instruments lodged and cleared by the Central Moneymarkets Unit of the hong kong monetary authority are eligible. The new Budget states that the list will be extended with the debt securities listed on the Hong Kong Stock...
Path: BlogOTC derivatives regime to be updated in Hong Kong
**The Securities and Futures Commission (SFC) in collaboration with the hong kong monetary authority (HMA) have issued a joint consultation proposal in regards to regulations of over-the-counter (OTC) derivatives market in Hong Kong.** The consultation paper is purposed to strengthen the regulation of the OTC market. In particular, the paper consists of various recommendations related to sup...
Path: Blog