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Financial regulation

Financial regulation
Key developments in regulation of financial markets with a focus on those in Hong Kong and mainland China.
Government aims to complete legislative amendments in the coming year and start automatic exchange of tax information starting in 2028. Photo: Shutterstock
Banking & finance

Hong Kong eyes info sharing on crypto assets to combat tax fraud, evasion

Compliance with OECD framework is of ‘paramount importance’ to maintain Hong Kong’s reputation as a finance hub, secretary says.

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Hong Kong

Crypto exchange Gate weighs Hong Kong licence return amid high compliance costs

Banking & finance

Macroscope | Inflated asset prices show markets don’t always know best

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Banking & finance

China’s risky shadow banks back in spotlight after debt crackdown

Entities owned by local governments are borrowing billions from trust companies and leasing firms at rates of 8 per cent or higher, sources say.

A view of the Jinan Huanggang Road Yellow River Crossing Tunnel, which is under construction in Jinan city, Shandong province, on March 4, 2025. Photo: Xinhua
China trade

‘Strong breakwaters’: China’s central bank vows to shield from external shocks

Governor Pan Gongsheng says policy must prioritise the domestic economy, warning against ‘excessive policy swings’ that could undermine long-term stability.

China economy

Opinion | China’s shrinking credit reflects a financial reset, not a collapse

Beijing is moving away from the old growth model reliant on rising leverage, towards a framework that prizes risk management and data integrity.

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IPO

Hong Kong crypto exchange HashKey wins listing nod in test of investor appetite

HashKey could raise around US$300 million this month amid Hong Kong’s push to develop its digital asset sector.

HashKey is one of 11 licensed virtual asset trading platforms in Hong Kong. Photo: Handout
Fintech

Does tokenisation in China risk a repeat of the P2P lending crisis?

Tokenisation provides value, but the interest of multilevel marketers raises ‘genuine concerns’, forum speaker says.

Fintech

Hong Kong reaps the fruits of fintech seeds sown nearly 10 years ago

Hong Kong’s rise as a fintech hub is due to the concerted regulatory push, with the city competing with Singapore for regional leadership.

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Japan

Opinion | As Japan takes aim at crypto, first mover Hong Kong must look out

The Takaichi government’s pro-digital assets policies place Tokyo as a direct and serious competitor to Hong Kong.

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Japan’s Prime Minister Sanae Takaichi delivers a speech at the House of Representatives plenary session in Tokyo on October 24. Photo: AFP
Law

Legal Tales | How Hong Kong’s law protects those drawn to crypto and virtual asset investments

City has introduced groundbreaking, tailor-made laws designed to protect the public when investing in new class of financial products.

The price of bitcoin fell to as low as about US$16,000 in late 2022. Photo: Jelly Tse
Cryptocurrency

Chinese crypto founders shelve US$500 million ether digital asset treasury plan

Proponents call off the project amid the worsening cryptocurrency market conditions.

Blockchain

Ant International, UBS partner on blockchain-based cross-border payments

The strategic partnership aligns with financial institutions’ increased adoption of blockchain technology for cross-border payment solutions.

Banking & finance

Hong Kong renews contract for top market regulator Julia Leung

The CEO of the Securities and Futures Commission will stay on for at least two more years to see through a series of ongoing reforms.

Julia Leung Fung-yee, CEO of the Securities and Futures Commission, pictured at the commission’s office in Quarry Bay on December 15, 2022. Photo: May Tse
Banking & finance

Hong Kong central to Standard Chartered’s digital finance strategy: CEO

Fintech-friendly regulations have convinced the bank to anchor its digital-asset ventures in the city, Bill Winters says.

Standard Chartered CEO Bill Winters sits down for an interview at the Post’s Hong Kong headquarters. Photo: Jonathan Wong
Malaysia

Quicker, nimbler scammers outrun Asian banks in cyberfraud ‘arms race’

Cybercrime in Asia is evolving ‘at an unprecedented rate’, accounting for US$37 billion in losses last year, Malaysian banking body warns.

Hong Kong economy

Editorial | Beijing’s full backing for Hong Kong on display at finance summit

Hong Kong has a role to play in global financial governance.

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Cryptocurrency

Hong Kong pushes adjustments to digital-asset rules as Beijing remains cautious

The changes show a ‘clear shift in focus from building guardrails to enabling growth’ in the sector, Clarient Advisory’s Joy Lam says.

The SFC’s latest digital asset-related initiatives aimed to “connect Hong Kong with global liquidity”. Photo: Shutterstock
Fintech

‘Superconnector’ Hong Kong gets boost from Beijing

China is ramping up support for Hong Kong’s finance sector as it develop the city’s role as a link between the mainland and global markets.

Banking & finance

Beijing backs Hong Kong as global hub with new financial measures

At the Global Financial Leaders’ Summit, Chinese officials vow to strengthen Hong Kong’s international financial centre status.

China’s fourth plenum

China’s 15th five-year plan: market reforms and opening up

This is the second in an SCMP Plus series annotating different parts of China’s five-year plan recommendations. The focus is on market reforms and opening up.

China’s 15th five-year plan: market reforms and opening up
IPO

Hong Kong’s securities watchdog eyes IPO reform to woo tech firms

Market regulator reviews rules to potentially allow smaller but high-potential tech companies to list in Hong Kong, SFC chair Kelvin Wong says.

SFC chairman Kelvin Wong says there is no timeline for when the review will be finished. Photo: Sun Yeung
China’s fourth plenum

China unveils 5-year plan’s support for private sector, financial strength

Revelations had not been mentioned in the communique issued last week following the fourth plenum.

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Banking & finance

China doubles down on crypto crackdown as central bank vows to expand digital yuan

PBOC chief Pan Gongsheng warns of stablecoin risks, pledges wider e-CNY use and tighter oversight of virtual currencies.

Blockchain

Crypto cooperation between Hong Kong, mainland China to benefit sector: experts

The mainland already leads in fintech growth, while Hong Kong is at the forefront of crypto regulation.

At the Global Blockchain Summit in Shanghai, some experts called for greater efforts on making “more standards and rules” in the crypto industry amid its continued expansion. Photo: Shutterstock
Banking & finance

Opinion | Jitters among US banks raise spectre of global financial crisis

The world appears to have forgotten a key lesson of the global financial crisis: some problems were spotted earlier but sidelined.

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Raffaele Bruno, national secretary of the Movimento Idea Sociale, holds a jar containing live cockroaches during a protest in front of the City Hall in Naples, southern Italy, on September 24. Photo: EPA
SFC

SFC CEO Julia Leung to remain in office for another two years: sources

The government is expected to appoint Leung to a second term as head of the SFC, handling major financial regulatory projects, sources say.

IPO

Hong Kong working on reforms to bring small, diverse companies to stock exchange

The HK$40 billion market cap threshold for weighted voting right companies could be lowered and listings could be opened up for more sectors.

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