Newsletters
SFC and HKMA Issue Joint Circular on Intermediaries’ VA-related Activities

SFC and HKMA Issue Joint Circular on Intermediaries’ VA-related Activities (January 2022)

The Securities and Futures Commission (the SFC) and the Hong Kong Monetary Authority (the HKMA) issued updated guidance for intermediaries distributing virtual asset-related products and/or offering virtual asset dealing or advisory services. The HKMA and the Hong Kong Insurance Authority have also published separate circulars on regulatory approaches in relation to virtual assets and virtual asset service providers.

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SFC Opens Sandbox to Crypto Exchanges

SFC Opens Sandbox to Crypto Exchanges

The SFC’s “Statement on regulatory framework for virtual asset portfolio managers, fund distributors and trading platform operators” sets out its proposals for the potential regulation of crypto exchanges.

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SFC’s regulatory action halts one Hong Kong ICO

SFC’s regulatory action halts one Hong Kong ICO

On 19 March 2018, the Securities and Futures Commission (SFC) issued a press release stating that Black Cell Technology Limited (Black Cell) halted its initial coin offering (ICO) to the Hong Kong public as a result of regulatory action by the SFC. The SFC considered...

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SFC Warns of Cryptocurrency Risks

SFC Warns of Cryptocurrency Risks

The SFC sent letters to seven cryptocurrency exchanges in Hong Kong notifying them that they should not trade cryptocurrencies which are securities as defined under the SFO unless they are licensed by the SFC.

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Hong Kong IPO market – 2017 and 2018 outlook

Hong Kong IPO market – 2017 and 2018 outlook

New listings on the Hong Kong Stock Exchange (the Exchange) in 2017 hit an all-time high of 174 companies, while its market capitalisation reached HK$33,998.8 billion on the year’s final trading day, its highest level ever, according to the Exchange’s latest data[1] published 9 January 2018.

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