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Hong Kong

Hong Kong regulator issues penalties for misconduct

The Securities and Futures Commission (SFC) in Hong Kong has suspended Lam Ka Wo for three years for lack of honesty and integrity in dealing in securities for UOB Kay Hian.

Hong Kong to enhance professional investor regime

Hong Kong's Securities and Futures Commission (SFC) has begun a three-month consultation on proposals concerning the professional investor regime and the client agreement requirements in the Code of Conduct.

BlackRock launches multi-asset fund for Hong Kong retail

BlackRock's Global Multi-Asset Income Fund is now available for retail investors in Hong Kong.

Hong Kong continues cross-border tax cooperation

A double-taxation avoidance agreement between Hong Kong and Malaysia has entered into force, the Financial Services & the Treasury Bureau has announced.

Vanguard enters Hong Kong retail market

Vanguard has launched its intermediary business in Hong Kong, with a view to widening access to its products for retail investors across Asia.

Cazenove Capital brings wealth expertise to Hong Kong

Wealth management provider Cazenove Capital has received approval from the Securities and Futures Commission (SFC) to open an office in Hong Kong.

Hong Kong appeal court upholds SFC action against Tiger Asia

Hong Kong's Court of Final Appeal has dismissed the appeal of Tiger Asia Management and three of its officers against legal proceedings brought by the Securities and Futures Commission (SFC).

New transparency initiative around ILAS products in Hong Kong

As of the end of June, banks in Hong Kong will be required to make use of a standardised Important Facts Statement (IFS) when selling investment-linked assurance scheme (ILAS) products.

Hong Kong regulator reprimands firm for insufficient internal controls

Hong Kong's Securities and Futures Commission (SFC) has reprimanded Sun Hung Kai Investment Services (SHKIS) and fined the firm HK$1.5 million for internal control failures relating to an erroneous buy order for 2 billion shares of China Life Insurance Company.

New agreement brings tax benefits between Guernsey and Hong Kong

Guernsey has signed a Double Taxation Arrangement (DTA) with Hong Kong, meaning that individuals or companies with interests - both corporate and personal - in a jurisdiction that is not their "home" jurisdiction need not be taxed by both sets of authorities on the same income.

Creating a compelling offering for Chinese clients

Helen Kan, executive director, alternate chief executive officer and group head of personal & business banking at China CITIC Bank International (CNCBI), speaks to Hubbis about the approach the bank is taking to serving mainland Chinese clients in Hong Kong, and outlines the opportunities she sees in this space.

RBC further expands Asian wealth business

RBC Wealth Management has made four senior appointments to bolster its Asian business, in Hong Kong and Singapore.

Hong Kong households retire income-poor, says new study

According to a new report by Manulife Asset Management, despite their relatively high levels of accumulated wealth, many retired individuals in Hong Kong have comparatively low levels of income security.

Hong Kong watchdog issues more industry bans

Hong Kong's securities regulator has issued a 10-month industry ban to Luk Ping, following an investigation into Luk's handling of client accounts at OSK between March 2008 and June 2011.

Hong Kong fines China Everbright Securities and staff member

Hong Kong's Securities and Futures Commission (SFC) has reprimanded China Everbright Securities and fined it HK$1.2 million (US$155,000) for internal control and supervisory failures.

New electronic trading regulation in Hong Kong in 2014

Hong Kong's Securities and Futures Commission (SFC) has published conclusions on its proposals to enhance the regulatory framework for electronic trading - with a new regime to come into effect on 1 January 2014.

Hong Kong relationship manager receives two-year ban for misconduct

Hong Kong's securities regulator has banned relationship manager Selina Tsang Siu Kam from re-entering the industry for two years.

Hong Kong SFC disqualifies former senior executives of Sunlink

Hong Kong’s securities watchdog has obtained orders in the High Court to disqualify Andy Wong Shu Wing, former chairman and executive director of Sunlink International Holdings, and Lee Chak To, former financial controller and company secretary.

Pacific Sun Advisors acquitted of issuing adverts in Hong Kong

Pacific Sun Advisors Limited and its director Andrew Pieter Mantel have been acquitted for issuing advertisements to promote promoting a collective investment scheme in Hong Kong

Hong Kong regulator issues restriction notice to securities firm

Hong Kong's securities regulator has issued a Restriction Notice to trading firm Salisbury Securities, barring it from carrying out certain regulated activities and from dealing with client assets.

The attraction of investing in Asia

Pius Zgraggen of OLZ & Partners explains why European investors and family offices should consider investing in Asia, including how they can do it and what to be aware of.

Hong Kong regulator bans another ex-Morgan Stanley employee

Hong Kong’s Securities and Futures Commission (SFC) has banned Calvin Ho Kei Him, a former research associate at Morgan Stanley Asia Limited from re-entering the industry between 12 March 2013 and 11 May 2014.

Hong Kong fines Manulife for poor KYC, profiling practices

Hong Kong’s Securities and Futures Commission (SFC) has issued a reprimand to Manulife Asset Management, and fined it HK$24 million (US$3.1 million) for inadequate internal controls in relation to the distribution of Manulife Global Fund between 2007 and 2012.

Hong Kong watchdog clamps down, issues penalties

The Hong Kong Securities and Futures Commission (SFC) has banned Du Jun, former managing director of Morgan Stanley Asia, from re-entering the industry for life.

Schroders launches multi-asset income fund in Hong Kong

Schroders Hong Kong has announced the launch of the Schroder International Selection Fund (ISF) Global Multi-Asset Income.

Hong Kong welcomes the expansion of RQFII pilot scheme

Hong Kong’s Securities and Futures Commission (SFC) has welcomed the changes to the rules around the mainland’s RMB Qualified Foreign Institutional Investor (RQFII) scheme.

Assessing the global wealth management landscape

Speaking at the Hubbis Asian Wealth Management Forum 2013 in Hong Kong in late February – Eduardo Leemann of Falcon Private Bank discusses his market outlook, and his vision for growing his business.

RBC Wealth Management adds to Asia team

RBC is continuing to expand its wealth management offering in Asia with three senior hires in Singapore and Hong Kong.

What are Hong Kong's regulatory priorities?

Hong Kong’s Securities and Futures Commission (SFC) is focused on ensuring the quality – not quantity – of its rules and regulations, and in turn enhancing the market for all participants, according to Mark Steward, executive director of enforcement.

Pictet builds IAM presence in Hong Kong, lures StanChart banker

In a move to further strengthen its Asia-based offering for independent asset management (IAM) companies, Pictet & Cie is setting up a new IAM department in Hong Kong – adding to its existing presence in Singapore.



 

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