On 27 June 2025, the Financial Services and the Treasury Bureau (“FSTB”) and the Securities and Futures Commission (“SFC”) jointly launched a public consultation (the “Consultation”) on new legislative proposals aimed at...more
7/9/2025
/ Cryptocurrency ,
Digital Assets ,
Financial Services Industry ,
Hong Kong ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Investment ,
Investors ,
Licensing Rules ,
Proposed Legislation ,
Regulatory Reform ,
Securities Regulation
As global momentum appears to be building for the development of central bank digital currencies (CBDCs) – bringing with it the potential to disrupt and revolutionize global payments and finance - we have taken the...more
2/20/2025
/ Central Bank Digital Currency (CBDCs) ,
China ,
Data Privacy ,
Digital Assets ,
EU ,
European Central Bank ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
People's Bank of China ,
Personal Data ,
Popular ,
Privacy Laws
The Bill regulates “Specified Stablecoins” which is defined as cryptographically secured digital representations of value which, among other things, purport to maintain a stable value with reference wholly to one or more fiat...more
In response to the growing popularity in the use of external data storage for record-keeping, on 31 October 2019, the Hong Kong Securities and Futures Commission (SFC) issued a circular to licensed corporations (LCs) on the...more
Many of our financial services sector clients have indicated their need to keep track of updates on new laws and regulations amid a rapidly changing regulatory landscape in Hong Kong.
...more
4/5/2019
/ AML/CFT ,
Consumer Financial Products ,
Digital Assets ,
Financial Institutions ,
Financial Regulatory Agencies ,
Financial Services Industry ,
Hong Kong ,
Investment Products ,
Mutual Funds ,
Over The Counter Derivatives (OTC) ,
Regulatory Oversight
With the rapid development of technology, there is an increasing trend of intermediaries providing investment services and distributing investment products over the internet. Whilst the Securities and Futures Commission...more