Connie Au

HKEX to Digitalise ETP Servicing Capabilities with Online Platform Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce today (Tuesday) plans to digitise and automate the in-kind creation and redemption process for relevant exchange-traded products (ETP) in 2025 through the adoption of a web-based platform, subject to technical readiness and regulatory approval. This platform will be integrated into the ETP creation and redemption process, connecting key ETP participants with the use of Distributed Ledger Technology (DLT) and smart contracts, and will help increase overall ETP market efficiency, supporting the continued growth of secondary market activity for ETPs. This latest enhancement is part of the Group's ongoing commitment to further elevate the attractiveness and competitiveness of its international ETP ecosystem, replacing several manual, paper-based processes currently present with a goal to simplify the creation and redemption procedures of ETPs and boost market activity. #ETF #StockConnect #HKEX #HongKong #ETP

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國泰世華銀行 Hong Kong Shines at HKQAA's 35th Anniversary Forum! We are proud to share that Cathay United Bank Hong Kong (CUBHK) was the campaign partner of the successful Hong Kong Quality Assurance Agency's 35th Anniversary Forum. This prestigious event brought together over 800 industry leaders for an inspiring day of discussions under the theme of "Sustainable Finance, ESG and Climate Resilience" ▌Key Highlights: 🔸 Distinguished Speakers: Mr Christopher Hui, Secretary for Financial Services and the Treasury of the HKSAR Government, Mr Ban Ki-moon, Secretary-General of the United Nations, President & Chair of Global Green Growth Institute and other industry experts addressed the forum on sustainable finance and climate action. 🔸 CUB's Expertise: Our Executive Vice President, Mr Michael Wen, shared our experience in advancing Green and Sustainable Finance development in Taiwan and how the Bank replicates its success beyond Taiwan. He said Hong Kong is currently CUB's second-largest sustainable loan market. 🔸 Award Wins: CUBHK bagged six awards at Hong Kong Green and Sustainable Finance Awards 2024 which held alongside the forum, recognizing our leadership in the field. We're dedicated to promoting sustainable finance and contributing to a greener future. Our involvement in this forum and our award wins demonstrate our commitment to ESG and climate resilience. ▼ Learn more watching the video ▼ (Courtesy to HKQAA) 🙌 Follow us for more updates! #HKQAA #CUBHK #Sustainability #GreenFinance #SustinaiableFinanceAwards #ESG #ClimateResilence #HKSAR

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Hong Kong Exchanges and Clearing Limited (HKEX)’s strategy to help global clients navigate challenges and opportunities in Hong Kong and Mainland markets Read the full artcle: https://bit.ly/3UqlQiq At Sibos 2024 in Beijing, Tae Seok Clement Yoo, managing director of global client development at HKEX, shared insights into how HKEX Group is addressing the evolving dynamics of China's mainland markets. In a landscape shaped by recent government stimulus measures and technological advancements, Yoo outlined HKEX’s strategies to tackle settlement challenges, attract global investors, and enhance cross-border trading infrastructure. The T+0 settlement cycle in China's mainland markets, primarily the Shanghai and Shenzhen stock exchanges, presents both opportunities and challenges, particularly for international investors who are accustomed to the longer cycles of T+2 or T+1. This shortened settlement timeline requires efficient clearing and settlement processes, a critical factor for maintaining investor confidence and mitigating counterparty risks in a fast-paced trading environment. Yoo highlighted that one of the key concerns among investors is the ability to meet settlement requirements within a constrained time frame. HKEX has introduced technological solutions to address these concerns, including its Synapse platform, which improves operational efficiency and enhances the clearing process. This platform was launched to support market participants in coping with the operational challenges of T+0, such as pre-trade checks, settlement accuracy, and exception handling within a shorter window of time. John Hsu, Jacky Mak, Elzio Barreto Foo Boon Ping 胡文彬, Cindy Yu, Eunice Foong, Chris Kapfer, Ruoxin Qi, TAB Global #Sibos2024 #TaeYoo #HKEX #ShanghaiStockExchange #ShenzhenStockExchange #StockConnect #SwapConnect #SynapsePlatform #GlobalClientDevelopment #CrossBorderTrading #FinancialTechnology #T0Settlement #MainlandMarkets #OrionDerivativesPlatform #ChinaCapitalMarkets #TheAsianBanker #TABGlobal

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PWMA: Preference for Hong Kong as Wealth Hub Drops: Wealth management clients' preference for Hong Kong as their hub of choice fell in 2024 with political risk cited as the top concern, according to a PWMA report. #PWMA #privatebanking

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Marking the 10th anniversary of the Shanghai-Hong Kong Stock Connect, the CSRC and SFC jointly announced the second HKEX #China Forum, set for November 26, 2024, in Shanghai. The event will review the development of the Shanghai and Shenzhen-Hong Kong capital markets, discuss global asset allocation strategies, and explore new investment opportunities from Hong Kong's position as an international finance hub and offshore RMB center. The forum will be livestreamed on Wind 3C : https://lnkd.in/gckND9k2 #StockMarketUpdate #Investment #MarketInsights

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CSI Guoxin HK Connect Central SOE Dividend ETF Listed in Shanghai and Hong Kong! 🌟 On July 12, the CSI Guoxin HK Connect Central SOE Dividend ETF was listed on both the Shanghai and Hong Kong Stock Exchanges. The launch event in Shanghai featured ETF managers, central SOE representatives, and over 30 institutions. China Reform Holdings highlighted the ETF's role in connecting central SOEs with international capital, supporting high-quality development. A Hong Kong official noted the region's significance as an international financial center, aiding mainland enterprises. ETFs are key tools for wealth management. This listing enhances investor satisfaction and strengthens financial ties between mainland China and Hong Kong.🌐📈 👉 Read more: https://lnkd.in/gzMPDcqq #Finance #ETFs #CapitalMarkets #Investment #SOEs #Shanghai #HongKong #FinancialServices #GlobalMarkets #WealthManagement #EconomicGrowth #SSE #ShanghaiStockExchange #CSIIndex #ETF #2024 #mainland #China #HongKong #investors #Stock #MarketShare #ChinaSecurities #BondMarket #MaketEconomy #Listedcompany #Trading #InvestChina #CSRC #SecuritiesLending #MarketStability #Regulation #InvestorProtection #Finance #ChinaFinance #MarketRegulation

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At Dah Sing Bank, we are committed to supporting and partnering with small and medium enterprises ("SMEs") to understand their evolving needs and to helping them thrive in this dynamic market environment.   Our recent survey "2024 Survey on Business Opportunities for SMEs", which reflected the views of nearly 300 Hong Kong-based SMEs, reveals a positive outlook among the city’s SMEs: ➡️Over 70% of SMEs surveyed expect business growth to exceed 4% in the next 12 months ➡️Close to half of SMEs surveyed even expect business growth of more than 7%   Stay tuned for more findings from the survey in coming weeks! #DahSingBank #DSB #SME #BusinessBanking

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"We anticipate that in 2024, with rapid revenue growth and a stable cost base, the combined losses of Hong Kong's virtual banks will further narrow down to HK$2 billion or less, and operating expenses may drop below HK$3.2 billion," Francis Chan, Senior Asia Financial Analyst at Bloomberg Intelligence, told our reporter. From March to May in 2019, the Hong Kong Monetary Authority issued a total of eight virtual banking licenses to livi bank, ZA Bank, Mox Bank, WeLab Bank, Ant Bank (Hong Kong), PAObank (formerly Ping An OneConnect Bank), Airstar Bank, and Fusion Bank in three rounds. These virtual banks gradually commenced operations in 2020, but none have achieved profitability to date. On August 6 this year, the Hong Kong Monetary Authority (HKMA) released the Report on the Review of Virtual Banks, stating that the virtual banks had met the three initial policy objectives. The Authority also decided not to introduce new virtual banking participants at this stage to ensure the healthy development of the market and industry. Simon Shum, 毕马威中国's Financial Services Partner, remarked that staffing costs and IT system expenditures are currently the primary expenses for virtual banks. "Virtual banks have only been operating in Hong Kong for four years, and they are actively broadening their product range to increase revenue. In 2023, the ratio of non-interest income to interest income for virtual banks stood at 1:5.9, still considerably lower than the 1:1.6 ratio observed in traditional banks," Shum added. Livio Weng, Chief Operating Officer of HashKey Group, noted that all virtual banks have yet to roll out the virtual asset trading services, as they are still awaiting approval from the Hong Kong Monetary Authority. In addition to offering virtual asset ETF trading, these banks aims to broaden their cryptocurrency product offerings.They plan to partner with virtual asset exchanges, allowing users to directly buy and trade crypto assets. Read: https://lnkd.in/gvr97iRp

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We are pleased to announce the launch of the Hang Seng HKEX Stock Connect China Enterprises Index (‘#SCCEA’), in collaboration with Hong Kong Exchanges and Clearing Limited (HKEX) (‘#HKEX’). The SCCEA, which will be launched on 21 November 2024, serves as a comprehensive benchmark for Chinese companies eligible for trading under #StockConnect. The SCCEA is composed of 80 constituents, including Southbound Stock Connect-eligible Hang Seng China Enterprises Index (‘#HSCEI’) constituents and large-cap A-shares eligible for trading through the Northbound Stock Connect. The SCCEA provides a one-stop solution for investors to track Chinese companies and build cross-market China investment strategies. Full press release with publication date 15 November 2024: https://lnkd.in/gs5bSBpw #HangSengIndexes #HSI #China #pressrelease

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CITIC CLSA Trust recently donated HKD 659,000 and HKD 110,000 to two recipients, Po Leung Kuk and Bring Me a Book Hong Kong, respectively.   Building on the success of last year’s Youth Mental Health Programme, the Advanced Programme with Po Leung Kuk aims to create a sustainable impact on the mental wellbeing of young people through a diverse range of activities including the Human Library projects and “Mental Health Youth Ambassadors” programmes. The Trust’s donation to Bring Me a Book Hong Kong will fund the launch of the Inclusive Reading Programme, designed specifically to cater for the needs of families and children with special educational needs (SEN). As the overseas platform for CITIC Securities’ global philanthropy efforts, CITIC CLSA Trust is committed to enhancing the educational standards and overall well-being of children and young people in local communities throughout Hong Kong.   For more details, please click here: https://lnkd.in/g8wSKQgR   #CITICCLSA #CLSAImpact #CLSALife #PLK #BMABHK

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Hong Kong Monetary Authority (HKMA) issues warning of fraudulent websites (2024 July) – China CITIC, DBS Bank, Julius Baer & Royal Bank of Canada.  Read - https://lnkd.in/gHH6Jimd follow Caproasia | Driving the future of Asia The Hong Kong Monetary Authority (HKMA) has issued warning of fraudulent websites (2024 July) – China CITIC, DBS Bank, Julius Baer & Royal Bank of Canada.  HKMA: “The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions. They will not ask customers for sensitive personal information, such as login passwords or One-Time Password, by phone, email or SMS (including via embedded hyperlinks).  Anyone who has provided his or her personal information, or who has conducted any financial transactions, through or in response to the website concerned, should contact the bank using the contact information provided in the press release, and report the matter to the Police by contacting the Crime Wing Information Centre of the Hong Kong Police Force at 2860 5012.  A hyperlink to the press release is available on the HKMA website.” China CITIC Bank International Limited, China CITIC Bank, DBS Bank, Julius Baer, RBC

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In the interview with NOW TV FINTERVIEW, our CIO Wilfred Sit, offers insights on the recent market volatility in HK equities. He believes that the Chinese government will likely implement more fiscal spending measures, and the central government may issue bonds and redistribute funding to local governments. Wilfred also notes that the valuation of HK equities remains low. This asset class has low correlation to global markets, making it a diversification tool for investors. #HangSengInvestment #HSVM #CIOMarketInsight #HKEquities *Investments involve risks. Investors should seek independent advice. This content has not been reviewed by the Securities and Futures Commission and is intended for Hong Kong investors only.

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SFC and HKMA welcome PBoC's new measure on Northbound Swap Connect margin collateral arrangement The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) welcome the announcement of the People's Bank of China (PBoC) (9 July) to support offshore investors to use onshore bonds issued by the Ministry of Finance and policy banks on the Mainland and held under Northbound Bond Connect as margin collateral for Northbound Swap Connect transactions. This measure will provide Northbound Swap Connect investors with the additional choice of non-cash collateral, reducing their liquidity cost and improving capital efficiency. It will also help vitalise offshore investors' onshore bond holdings and further enhance the attractiveness of onshore bonds. The measure will also promote synergies between Bond Connect and Swap Connect, thereby further invigorating market participation in the Connect Schemes. #PBOC #SFC #HKMA #onshorebonds #SwapConnect

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[Exclusive] UBP - Union Bancaire Privée hires North Asia investment services head. https://lnkd.in/g_t-MRWZ The Swiss bank has hired a replacement for Hong Kong-based Andy Lee, who has exited. #peoplemoves #ubp #asia

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H&P Financial Services Weekly - Hong Kong’s Hang Seng is the Number One Super market of the week, up > 30%, driven by lower rates and new liquidity. We look at intraday volatility in Q3, which was up on Q2, with that major August spike, which should have helped the leveraged trading platforms PLUS, IGG and CMCX. Rising markets will have added some c. 3% to UK wealth management assets last quarter. Brooks Macdonald estimates are still woefully out of date, in our opinion. Premier Miton reveals more of their MPS plans. Man Group presents an entry point, with AHL underperforming for a while. Tavistock flies on a major disposal which will nonetheless benefit acquirer Saltus. Frenkel Topping would not be at this valuation if it had any liquidity. https://lnkd.in/eDVaAAV5

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