https://www.scmp.com/rss/324815/feed Stories about how technology is used to enhance regulatory compliance, risk management and sanctions alert en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Stock exchanges traditionally derive much of their value from initial public offerings (IPOs) and market trading activities. Hong Kong’s, the third largest stock market in Asia and a superconnector between the East and the West, is no different. Under its operator, Hong Kong Exchanges and Clearing (HKEX), the stock market has a capitalisation of nearly US$4 trillion and last year, HKEX reported a revenue of over US$2 billion. By all standards, HKEX is a world-class exchange operator. Looking... https://www.scmp.com/opinion/hong-kong-opinion/article/3273731/hong-kong-looks-regain-financial-crown-hkex-can-win-big-data?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3273731/hong-kong-looks-regain-financial-crown-hkex-can-win-big-data?utm_source=rss_feed Mon, 12 Aug 2024 12:30:11 +0000 G-bits Network Technology, a Chinese online-games developer, is proposing a record dividend for shareholders since it became a public company, following a stock slide due to an unprecedented crackdown on the video games industry in the country. The firm announced a 16 yuan (US$2.50) per share payout in an exchange filing on Friday, the most generous amount since the firm was listed on the Shanghai bourse in 2017. That would translate into a 1.15 billion yuan (US$180.6 million) payout based on... https://www.scmp.com/business/article/3173653/chinese-online-games-developer-g-bits-pays-record-dividend-crackdown-dents?utm_source=rss_feed https://www.scmp.com/business/article/3173653/chinese-online-games-developer-g-bits-pays-record-dividend-crackdown-dents?utm_source=rss_feed Fri, 08 Apr 2022 15:02:43 +0000 From Bridgewater Associates to BlackRock and Franklin Templeton, some of the world’s biggest stock investors have one thing in common when it comes to China. Valuations are cheap again to get back into the market. Bridgewater, the world’s biggest hedge fund with US$220 billion of assets, ploughed some US$400 million into US-listed Chinese stocks in the third quarter, the Post estimated based on its 13F filing. It held positions in 45 mostly tech-related stocks valued at US$1.7... https://www.scmp.com/business/banking-finance/article/3157411/bridgewater-templeton-money-managers-warm-unloved-chinese?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3157411/bridgewater-templeton-money-managers-warm-unloved-chinese?utm_source=rss_feed Fri, 26 Nov 2021 01:30:25 +0000 Compliance costs are on the rise in Southeast Asia as financial institutions and regulators continue to grapple with the fallout of 1Malaysia Development Berhad (1MDB) scandal, according to a report by global analytics provider LexisNexis Risk Solutions. Financial executives in Asean expect their costs to meet global anti-money-laundering (AML) and sanctions regulations to increase by as much as 9 per cent this year, according to the True Cost of AML Compliance report. That is on top of... https://www.scmp.com/business/investor-relations/article/3014033/1mdb-scandal-fallout-driving-regulatory-costs-financial?utm_source=rss_feed https://www.scmp.com/business/investor-relations/article/3014033/1mdb-scandal-fallout-driving-regulatory-costs-financial?utm_source=rss_feed Wed, 12 Jun 2019 01:45:07 +0000 Almost half of companies in Hong Kong and China have acquired or made investments in firms with serious compliance issues, according to a new survey by the law firm Baker McKenzie. But, that makes them much more cautious than their counterparts in the United States and other parts of the world. About 48 per cent of Hong Kong and China-based companies that responded said they acquired or made investments in firms they knew to have serious compliance issues, according to the survey. About 68 per... https://www.scmp.com/business/companies/article/2182879/nearly-half-chinese-hong-kong-companies-have-gone-ahead-deals?utm_source=rss_feed https://www.scmp.com/business/companies/article/2182879/nearly-half-chinese-hong-kong-companies-have-gone-ahead-deals?utm_source=rss_feed Sun, 20 Jan 2019 23:00:30 +0000 Hong Kong’s financial services industry has raised concerns about the use of technology such as machine learning and artificial intelligence as part of regulatory compliance efforts, as these measures will have the effect of reducing the ability of these institutions to meet their accountability commitments, to customers as well as regulators. The concerns come amid a push by the Hong Kong Monetary Authority to facilitate the wider adoption of regulatory technology, or regtech. Arthur Yuen... https://www.scmp.com/business/article/2166601/hong-kong-monetary-authoritys-regtech-push-raises-transparency-concerns?utm_source=rss_feed https://www.scmp.com/business/article/2166601/hong-kong-monetary-authoritys-regtech-push-raises-transparency-concerns?utm_source=rss_feed Tue, 02 Oct 2018 09:03:47 +0000 Faced with the growing threat of industry shocks such as cyber fraud, cryptocurrency, quantum computing and open banking, the time for compliance departments to act is now. They must embrace innovation just like other parts of the business are doing. As financial institutions navigate digital threats and an evolving regulatory landscape, management teams need to allocate funding and time to developing new operating models, bringing in new tools and technologies and equipping staff with new... https://www.scmp.com/business/article/2139587/banks-must-beef-compliance-technology-survive-era-digital-threats?utm_source=rss_feed https://www.scmp.com/business/article/2139587/banks-must-beef-compliance-technology-survive-era-digital-threats?utm_source=rss_feed Fri, 30 Mar 2018 01:57:57 +0000 A government’s fiscal budget isn’t really a useful statement unless it is underpinned and driven by long term vision and strategy. So each year, Hong Kong’ budget is a series of ad hoc expenditures based on the current surplus rather than total reserves. It’s as primitive as a household budget. We’ve gotten so used to local terms like “goodies” and “sweeteners”, which are unheard of in real world public policy. They are poor intellectual substitutes for developing and funding long term policies... https://www.scmp.com/business/banking-finance/article/2135640/hong-kongs-science-park-just-got-lions-share-budget-goodies?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/2135640/hong-kongs-science-park-just-got-lions-share-budget-goodies?utm_source=rss_feed Sun, 04 Mar 2018 10:14:54 +0000 Wei Hopeman, co-founder of Hong Kong-based venture capital firm Arbor Ventures, does not shy away from the topic of gender imbalance in the industry. She has a good reason for that: A study by Techcrunch from October 2017 found that women partners account for only 8 per cent of the world’s top 100 venture capital firms.  As a matter of fact, Hopeman says she sees clear benefits from gender diversity in venture investing.  “Venture capital investing involves taking educated risks and having the... https://www.scmp.com/business/companies/article/2134630/hk-based-vc-firm-founded-women-says-industry-needs-change-male?utm_source=rss_feed https://www.scmp.com/business/companies/article/2134630/hk-based-vc-firm-founded-women-says-industry-needs-change-male?utm_source=rss_feed Sun, 25 Feb 2018 09:11:39 +0000 A new catalogue of risks has surfaced as we march into the new year, posing new challenges to the management of investments. The first risk is uncertainty. We don’t know what we don’t know, as the cliché goes. So we cannot be certain what those uncertainties are. When and how uncertainties - political, social, economic, technological disruptions - play out is beyond prediction. The odds of success or failure in investment decisions based on these uncertainties depend as much on judgment as luck.... https://www.scmp.com/business/companies/article/2126166/how-do-you-manage-risk-when-you-cant-be-certain-about?utm_source=rss_feed https://www.scmp.com/business/companies/article/2126166/how-do-you-manage-risk-when-you-cant-be-certain-about?utm_source=rss_feed Fri, 29 Dec 2017 09:27:13 +0000 The Securities and Futures Commission is investigating 15 financial firms for failing in their duties as listing sponsors, according to executive director of enforcement Tom Atkinson on Wednesday. “There is a relationship between the failure of duty of listing sponsors and corporate fraud,” Atkinson said in a speech to a regulatory summit in Hong Kong. Of the 136 corporate frauds being investigated by the commission currently, 28 cases have been prioritised as very serious, he said. Most cases... https://www.scmp.com/business/companies/article/2114883/sfc-pledges-more-aggressive-enforcement-action?utm_source=rss_feed https://www.scmp.com/business/companies/article/2114883/sfc-pledges-more-aggressive-enforcement-action?utm_source=rss_feed Wed, 11 Oct 2017 06:34:18 +0000 European Union authorities have increased pressure on Facebook, Google and Twitter to amend their user terms to bring them in line with EU law after proposals submitted by the tech giants were considered insufficient. The European Commission and consumer protection authorities in the bloc wrote to the three companies in June, asking them to improve their proposed changes to user terms by the end of September, according to letters sent to the companies and seen by Reuters on Monday. The... https://www.scmp.com/tech/enterprises/article/2103939/eu-increases-pressure-tech-companies-change-their-user-terms?utm_source=rss_feed https://www.scmp.com/tech/enterprises/article/2103939/eu-increases-pressure-tech-companies-change-their-user-terms?utm_source=rss_feed Mon, 24 Jul 2017 19:15:15 +0000