Latest news with #SecuritiesandFuturesCommission
Arabian Post
4 days ago
- Business
- Arabian Post
Hong Kong Unveils Bold 'LEAP' Blueprint for Crypto Leadership
Hong Kong's government on 26 June issued its Policy Statement 2.0 on the development of digital assets, signalling a decisive push to position the city at the forefront of the global crypto landscape. The statement introduces the comprehensive 'LEAP' framework—Legal, Expand, Advance, People—underlining a mission to develop a trusted, innovative, and deeply integrated ecosystem for digital assets. The regulatory reforms assign explicit oversight roles: the Securities and Futures Commission will licence digital asset exchanges, custodial and dealing services, while the Hong Kong Monetary Authority will govern bank-related activities in the sector. In addition, licensing regimes for stablecoin issuers and custodians are scheduled to commence on 1 August 2025, designed to strengthen anti‑money‑laundering safeguards, investor protection, and transparency in stablecoin issuance. Central to Policy 2.0 is a commitment to tokenisation of traditional financial instruments and real‑world assets. The government will regularise issuance of tokenised government bonds, streamline stamp‑duty treatment for tokenised ETFs, and legislate to support tokenisation of assets such as precious and non‑ferrous metals, and renewable energy products. These bids aim to boost liquidity and broaden market access, aligning with existing initiatives such as the HK$6.8 billion in green bond token issuances since 2022. ADVERTISEMENT Stablecoins also feature prominently, with proposals to pilot licensed stablecoins in public sector uses. Market consultation is seeking input on integrating these instruments into government operations and cross‑border payments, underpinned by stricter regulatory clarity. Tax incentives for private investment vehicles and family offices trading digital asset securities are expected in the 2025–26 fiscal year, aligning digital and traditional financial regimes. International alignment is embedded in the blueprint. Hong Kong's framework adheres to global standards—covering anti‑money‑laundering as per FATF, Basel Committee prudential supervision, IOSCO's policy recommendations, and OECD crypto‑asset tax transparency measures. Complementary pilot schemes include HKMA's 'Project Ensemble' wholesale central bank digital currency trials, LME‑backed tokenisation of metal assets in Hong Kong warehouses, and a Cyberport‑sponsored incubator scheme to finance blockchain startups. Since unveiling its original 2022 policy, the government has approved licences for over a dozen digital asset platforms, including nine trading licences and OTC frameworks, and supported tokenised bond issues by both government and corporate entities. Financial Secretary Paul Chan and SFC chief Julia Leung emphasise that this next phase marks a departure from pilot testing, transitioning toward institutionalisation and global competitiveness. Industry leaders responded positively. Legal and compliance expert Cora Ang described the framework as 'a strategic win' that aligns regulatory clarity with stablecoin and tokenisation growth. HashKey CEO Xiao Feng noted the city is entering a 'new stage of maturity', transitioning from sandbox environments to a substantive digital assets regime. Historical drivers such as the JPEX OTC fraud prompted regulators to enforce tighter custody and trading separation to protect investors. Notably, fintech legal advisers in Hong Kong report surging demand. Firms are actively supporting issuance of tokenised gold and digital bonds, as banks like Bank of Communications and Zhuhai Huafa Group deploy digital debt instruments via licensed platforms. Meanwhile, legal specialists continue to advocate for derivatives, margin‑lending, and institutional frameworks targeted at professional investors. Hong Kong's strategic deployment of Policy 2.0 underlines a competitive counterbalance to rival jurisdictions such as Singapore, Dubai, and the US, each advancing their own crypto regulatory frameworks. The city's alignment with global financial standards—alongside tailored incentives and public‑sector engagement—signals a comprehensive, forward‑leaning posture in digital asset finance.
Time Business News
22-06-2025
- Business
- Time Business News
The Rise of forex hong kong: Why This Asian Financial Hub Attracts Global Currency Traders
As one of Asia's most dynamic cities, Hong Kong has long stood at the intersection of finance, innovation, and global commerce. Among its many economic pillars, forex hong kong trading has emerged as a key area of growth. With a favorable regulatory environment, access to global liquidity, and advanced technology, Hong Kong continues to evolve into a strategic center for foreign exchange traders around the world. This article explores the factors that make forex hong kong a compelling destination for currency traders and why its influence continues to rise on the global forex map. A Snapshot of the Forex Market Before diving into Hong Kong's role, it's worth noting the scale of the forex market itself. Foreign exchange trading involves the simultaneous buying and selling of currencies. It is the most liquid market globally, with a daily turnover exceeding $7.5 trillion as of 2025. Unlike stock markets, forex trading occurs 24 hours a day, five days a week, across major financial centers including London, New York, Tokyo, and Hong Kong. This 'follow-the-sun' structure allows for round-the-clock trading activity. Why Hong Kong? Hong Kong's unique position in the global financial ecosystem makes it an ideal environment for forex trading. Let's examine the critical factors: 1. Strategic Geographic Location Hong Kong operates in the GMT+8 timezone, making it a critical link between the closing of the U.S. session and the opening of the Asian markets. Traders in forex hong kong benefit from overlapping sessions that increase liquidity and trading opportunities. 2. Free Capital Flow Unlike mainland China, Hong Kong enjoys unrestricted capital movement, which is crucial for active forex traders. This openness allows investors to deposit, withdraw, and convert currencies without excessive regulatory friction. 3. Regulatory Integrity The Securities and Futures Commission (SFC) oversees financial markets in Hong Kong. Its strict but fair regulatory framework enhances the reputation of forex hong kong as a safe and reliable trading environment. 4. Institutional Presence Most major global banks, brokerage firms, and hedge funds operate from Hong Kong. Their presence increases liquidity, fosters competition, and provides retail traders access to institutional-level services. The Most Traded Currency Pairs in Hong Kong Traders in forex hong kong tend to focus on a mix of global majors and Asia-Pacific pairs. Some popular choices include: USD/HKD : Heavily monitored due to the Hong Kong dollar's peg to the U.S. dollar. : Heavily monitored due to the Hong Kong dollar's peg to the U.S. dollar. USD/CNH : Offers access to the offshore Chinese yuan. : Offers access to the offshore Chinese yuan. EUR/USD , GBP/USD , and USD/JPY : Widely traded with tight spreads. , , and : Widely traded with tight spreads. AUD/USD and NZD/USD: Favorable among traders watching Asia-Pacific economic indicators. Regulation and Safety for Traders The SFC enforces strict regulations to maintain the integrity of forex hong kong. All authorized forex brokers must: Be licensed under the Type 3 'leveraged foreign exchange trading' license. Maintain segregated client accounts to protect trader funds. Submit to regular audits and financial disclosures. Adhere to anti-money laundering (AML) policies. This regulatory oversight protects both retail and institutional traders from fraud, ensuring a level playing field. Best Forex Brokers in Hong Kong Several brokers, both local and international, operate in Hong Kong under SFC regulation. Some well-regarded names include: Saxo Markets – Known for deep liquidity and institutional-grade tools. – Known for deep liquidity and institutional-grade tools. IG Markets – Offers user-friendly platforms and reliable trade execution. – Offers user-friendly platforms and reliable trade execution. Interactive Brokers – A favorite among professional traders and high-frequency investors. – A favorite among professional traders and high-frequency investors. FXCM Asia – Tailored services for Hong Kong residents, including Chinese-language support. Always check the broker's license status on the SFC website before opening an account. How to Start Forex Trading in Hong Kong Getting started in forex hong kong doesn't require a massive investment, but it does demand education and risk awareness. Here's a step-by-step outline: Step 1: Learn the Basics Familiarize yourself with forex concepts like pips, leverage, margin, lot size, and spread. Many brokers offer free educational material and demo accounts. Step 2: Choose a Licensed Broker Pick a reputable broker regulated by the SFC. Consider fees, platform features, customer service, and ease of withdrawals. Step 3: Open a Live or Demo Account Start with a demo account to practice. Once confident, transition to a live account with small capital. Step 4: Develop a Trading Strategy Whether it's scalping, swing trading, or algorithmic trading, build a plan with clear entry/exit rules, risk limits, and position sizes. Step 5: Monitor the Market Use tools like economic calendars, price charts, and trading signals to stay informed and make strategic decisions. Challenges Facing Forex Traders in Hong Kong While the forex hong kong market is thriving, it's not without hurdles: 🔺 Volatility Global news, political events, or economic data releases can cause sudden market movements. Traders must always use stop-loss orders to mitigate risk. 🧾 Tax Considerations Forex profits may be considered personal income or capital gains. Though Hong Kong has a low tax regime, traders should keep clear records and consult with tax advisors. 🔍 Broker Scams Though most brokers are safe, unregulated firms operating from abroad may target Hong Kong residents. Avoid 'too good to be true' offers, and always verify credentials. Final Thoughts: Why Choose forex hong kong? Whether you're a beginner looking to understand currency trading or a hedge fund seeking strategic access to Asia, forex hong kong offers an attractive mix of regulation, infrastructure, and global connectivity. Its close proximity to China, commitment to financial freedom, and cutting-edge technology platforms make Hong Kong not just a local hub—but a global force in forex. If you're serious about exploring opportunities in currency trading, start by exploring regulated brokers, learning technical and fundamental skills, and always prioritizing risk management. The future of forex hong kong is bright—and it's open for those ready to trade smart. TIME BUSINESS NEWS
Leaders
29-05-2025
- Business
- Leaders
Saudi Arabia, Hong Kong Boost Cross-Border Financial Ties
Saudi Arabia and Hong Kong may soon approve additional cross-border financial products. On Thursday, an exchange-traded fund tracking Saudi government bonds began trading in Hong Kong. This marks the first fixed-income fund in the territory to provide such exposure. Authorities from both regions announced plans to deepen financial ties amid growing trade uncertainties. The newly launched exchange-traded fund represents a significant milestone in Hong Kong's financial market. Julia Leung, CEO of Hong Kong's Securities and Futures Commission, highlighted more products in development. These include a sharia-compliant Sukuk bond and a real estate investment trust. Leung expressed confidence in the cross-listing of various financial products during the Capital Markets Forum. Hong Kong introduced Asia's first ETF tracking Saudi equities in November 2024. This initiative aims to boost capital flows as diplomatic relations between Beijing and Riyadh strengthen. Over recent years, Hong Kong has actively pursued a listing for Saudi Aramco. Such a listing would provide investors in the Asian financial hub with easier access to the Saudi state oil giant. Broadening Financial Ties Amid Global Trade Tensions Hong Kong's Financial Secretary Paul Chan emphasized opportunities beyond stocks at the forum. He noted potential for bonds, derivatives, and other financial products between Hong Kong and the Middle East. This expansion of cross-border products comes amid rising trade tensions. In April, U.S. President Donald Trump imposed sweeping tariff measures, disrupting global markets. A U.S. trade court recently blocked these tariffs from taking effect. The court ruled that the president overstepped his authority by imposing broad duties on imports. When asked about navigating trade deal uncertainties, Chan remarked that the court's move would 'at least bring President Trump to reason.' Strengthening Economic Partnerships The collaboration between Hong Kong and Saudi Arabia signifies a strategic effort to enhance financial integration. By introducing innovative financial products, both markets aim to attract diverse investment opportunities. This partnership not only strengthens bilateral economic ties but also positions both regions as key players in the global financial arena. As global trade dynamics continue to evolve, the proactive measures taken by Hong Kong and Saudi Arabia set a precedent. These initiatives demonstrate a commitment to fostering economic resilience and growth. Investors and market participants can look forward to a broader range of financial instruments. These developments will undoubtedly contribute to the overall stability and prosperity of the global financial landscape. Short link : Post Views: 16
The Star
29-05-2025
- Business
- The Star
Hong Kong, Saudi Arabia may approve more cross-border financial products
HONG KONG/SYDNEY: Hong Kong and Saudi Arabia are considering allowing more cross-border financial products, authorities said on Thursday, as the two markets seek to deepen financial ties amid rising trade uncertainties. An exchange-traded fund tracking bonds issued by the Saudi government started trading in Hong Kong on Thursday, the first fixed-income fund listed in the territory to offer such exposure. Apart from the fund, more products - such as a sharia-compliant Sukuk bond and a real estate investment trust - are "in the pipeline" for approval to trade between Hong Kong and Riyadh, said Julia Leung, CEO of Hong Kong's Securities and Futures Commission. "We're very comfortable in the cross listing of whatever products," Leung told those attending the Capital Markets Forum organised by Saudi exchange operator Tadawul Group. Hong Kong launched Asia's first ETF tracking Saudi equities in November 2024, as the two markets look to spur capital flows as diplomatic relations warm between Beijing and Riyadh. In the last few years, Hong Kong has been seen wooing Saudi Aramco to list in the city, a deal that would allow investors in the Asian financial hub easier access to the Saudi state oil giant. Apart from stocks, there are opportunities for bonds, derivatives and other financial products between Hong Kong and the Middle East, Hong Kong's Financial Secretary Paul Chan said at the forum, when asked about the progress of a potential listing of Saudi Aramco. The expansion of cross-border products coincides with rising trade tensions after U.S. President Donald Trump unleashed sweeping tariff measures in April roiling global markets. A U.S. trade court on Wednesday blocked the tariffs from going into effect, ruling that the president overstepped his authority by imposing across-the-board duties on imports from nations that sell more to the United States than they buy. Asked how countries and companies should navigate the uncertainty of trade deals following the U.S. court block, Chan said the move would "at least bring President Trump to reason". - Reuters
Business Times
06-05-2025
- Business
- Business Times
Hong Kong launches new measures to attract more tech, bio listings
[HONG KONG] Hong Kong launched a scheme on Tuesday (May 6) to offer smoother listings for tech companies on its stock exchange, as it looks to capitalise on Chinese companies' growing appetite to raise funds offshore. The new 'technology enterprises channel' will make new listings easier for specialist technology and biotechnology firms, the bourse operator and Hong Kong's Securities and Futures Commission said in a joint statement. Under the scheme, the exchange, a unit of Hong Kong Exchanges and Clearing, will provide guidance on the eligibility and suitability for listing for prospective companies. Applicants can confidentially file for initial public offerings, as disclosures of their operational strategies may pose heightened risk compared with other industries, the statement said. It also allows tech firms to list with a weighted voting rights (WVR) structure, which allows companies to hold shares that carry extra voting rights, provided they meet certain requirements. Hong Kong is the main destination for mainland Chinese firms looking to raise capital offshore, and bankers have said that mainland firms, mainly those in the tech sector, are accelerating plans to raise money offshore. Hong Kong authorities had first announced the technology enterprises channel in February. REUTERS
