Hong Kong regulator simplifies banking systemBy Natasha Teja
July 10, 2023
Large banks operating in Hong Kong will likely merge with smaller deposit-taking companies after the banking regulator issued the latter an ultimatum: boost capital levels or exit the market. Efforts to beef up the banking system come as regulators try to learn from the turmoil at US regional banks.
March 2, 2023
The financial centre wants to launch a new licensing regime, which includes opening up retail investor access. Hong Kong’s Securities and Futures Commission (SFC) is revamping the rules for virtual...Read more