https://www.scmp.com/rss/523028/feed The latest news and top stories on Julia Leung Fung-yee, the first woman and local Chinese to lead Hong Kong’s Securities and Futures Commission, a role she held since January 2023. Her career includes Deputy CEO of the SFC and Executive Director, Under Secretary for Financial Services and the Treasury, and 14 years at the Hong Kong Monetary Authority. A Columbia University alumnus, she worked as a journalist at the Asian Wall Street Journal for 10 years before she entered the financial services... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Enoch Yiu Enoch Yiu Hong Kong’s Securities and Futures Commission (SFC) has reached an agreement with PricewaterhouseCoopers Hong Kong (PwC HK) to pay HK$1 billion (US$128 million) in compensation to minority shareholders of China Evergrande Group, following what the regulator described as serious breaches of auditors’ professional duties. Separately, the Accounting and Financial Reporting Council (AFRC) imposed a HK$300 million fine and a six-month practice restriction on PricewaterhouseCoopers, along with HK$10... https://www.scmp.com/business/article/3351148/pwc-pay-hk1-billion-minority-shareholders-over-evergrande-audit-failures?utm_source=rss_feed https://www.scmp.com/business/article/3351148/pwc-pay-hk1-billion-minority-shareholders-over-evergrande-audit-failures?utm_source=rss_feed Thu, 23 Apr 2026 09:01:42 +0000 Enoch Yiu Enoch Yiu Hong Kong’s market regulator will soon begin inspection of investment banks to assess their roles as sponsors of listing candidates, in its latest effort to uphold the quality of new listings amid a booming market. The Securities and Futures Commission (SFC) said the inspection would focus on whether banks had complied with its January circular, which outlined expectations on staffing and quality controls when handling initial public offerings (IPOs) in Hong Kong. For example, the SFC expected... https://www.scmp.com/business/banking-finance/article/3347182/sfc-prepares-inspect-hong-kong-ipo-listing-sponsors-amid-quality-concerns?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3347182/sfc-prepares-inspect-hong-kong-ipo-listing-sponsors-amid-quality-concerns?utm_source=rss_feed Thu, 19 Mar 2026 11:00:18 +0000 Enoch Yiu Enoch Yiu Arrests in a HK$315 million (US$40 million) insider dealing case underscore Hong Kong’s commitment to upholding the integrity of its stock market amid a surge in new listings and share placements, according to industry players. The Independent Commission Against Corruption (ICAC) on Thursday said it had arrested eight people after joining forces with the Securities and Futures Commission (SFC) earlier this week to raid premises connected to a hedge fund and two securities firms. The joint... https://www.scmp.com/business/markets/article/3346394/hong-kong-insider-trading-arrests-send-very-strong-message-market-integrity?utm_source=rss_feed https://www.scmp.com/business/markets/article/3346394/hong-kong-insider-trading-arrests-send-very-strong-message-market-integrity?utm_source=rss_feed Thu, 12 Mar 2026 23:00:10 +0000 Eunice Xu Eunice Xu In a makeshift boxing ring, two humanoids square off; one in blue headgear and gloves, the other in matching red. The spectacle might be run-of-the-mill for a robotics conference, but this was Consensus Hong Kong 2026, one of the largest events for the digital assets industry. Behind the human-controlled fighting humanoids was BitRobot, an embodied AI research network built on the Solana blockchain. Despite the bitcoin drawdown of recent weeks, the mood was upbeat. Consensus this year... https://www.scmp.com/tech/tech-trends/article/3343349/policy-products-web3-innovation-takes-centre-stage-consensus-hong-kong?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3343349/policy-products-web3-innovation-takes-centre-stage-consensus-hong-kong?utm_source=rss_feed Thu, 12 Feb 2026 13:00:14 +0000 Yeon Woo Lee Yeon Woo Lee Hong Kong’s securities regulator unveiled several new initiatives on Wednesday aimed at further developing the city’s virtual asset sector while strengthening investor safeguards. The announcements by the Securities and Futures Commission (SFC) coincided with Consensus 2026, a major cryptocurrency conference running this week at the Hong Kong Convention and Exhibition Centre, attended by industry figures such as Binance CEO Richard Teng and Solana Foundation president Lily Liu. “[At Consensus... https://www.scmp.com/business/banking-finance/article/3343189/hong-kong-bridges-traditional-and-digital-finance-worlds-new-virtual-asset-initiatives?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3343189/hong-kong-bridges-traditional-and-digital-finance-worlds-new-virtual-asset-initiatives?utm_source=rss_feed Wed, 11 Feb 2026 09:30:20 +0000 Eunice Xu Eunice Xu As Consensus 2026 officially kicks off in Hong Kong this week, digital asset firms are rolling out product updates to coincide with one of the industry’s most significant events. Digital asset custodian Hex Trust launched Aura on Wednesday, a wealth management platform for private investors that integrates trading, investment and estate planning. “Aura marks a new evolution for Hex Trust,” said the firm’s CEO and co-founder Alessio Quaglini in a press release. He noted that while Hex Trust had... https://www.scmp.com/tech/tech-trends/article/3343075/stablecoins-wealth-platforms-launched-consensus-2026-amid-tighter-beijing-oversight?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3343075/stablecoins-wealth-platforms-launched-consensus-2026-amid-tighter-beijing-oversight?utm_source=rss_feed Wed, 11 Feb 2026 01:00:14 +0000 Enoch Yiu Enoch Yiu Hong Kong Exchanges and Clearing (HKEX) plans to expand further into fixed income and commodities in the coming years, as global investors seek to diversify away from US dollar assets amid rising uncertainty, senior officials at the bourse operator said. “Over the last few years, a lot of global capital has gravitated towards the US market,” said Bonnie Chan Yiting, CEO of HKEX, at a media briefing on Wednesday. “But now, given a lot of the uncertainty, investors do want to diversify.” Chan said... https://www.scmp.com/business/article/3342403/hkex-eyes-expansion-fixed-income-global-investors-reassess-us-exposure?utm_source=rss_feed https://www.scmp.com/business/article/3342403/hkex-eyes-expansion-fixed-income-global-investors-reassess-us-exposure?utm_source=rss_feed Wed, 04 Feb 2026 13:05:38 +0000 Enoch Yiu Enoch Yiu Hong Kong’s market regulator has ordered 13 investment banks to review their listing application and staffing procedures after finding widespread deficiencies in initial public offering (IPO) submissions, amid a surge in deal activity. The Securities and Futures Commission (SFC) found that many recent listing application documents contained “serious deficiencies”, potentially because some sponsors were handling too many deals without sufficient manpower or resources, its chief executive Julia... https://www.scmp.com/business/article/3342118/hong-kong-ipo-boom-strains-sponsors-regulator-steps-over-poor-applications?utm_source=rss_feed https://www.scmp.com/business/article/3342118/hong-kong-ipo-boom-strains-sponsors-regulator-steps-over-poor-applications?utm_source=rss_feed Mon, 02 Feb 2026 10:30:08 +0000 Enoch Yiu Enoch Yiu It was rare to see hundreds of regulators, financiers and executives of listed companies – including chairmen and CEOs – come together in Central on Sunday morning without striking deals. Instead, they were taking part in a charity run, raising HK$9.7 million (US$1.2 million). The top bosses of Hong Kong Exchanges and Clearing (HKEX), JPMorgan, DBS Hong Kong, Standard Chartered Bank, KPMG and Wharf (Holdings) were among those who had put on their running shoes to compete in relay races over 388... https://www.scmp.com/business/banking-finance/article/3333749/jpmorgan-dbs-standard-chartered-bosses-swap-deals-sneakers-hkex-charity-run?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3333749/jpmorgan-dbs-standard-chartered-bosses-swap-deals-sneakers-hkex-charity-run?utm_source=rss_feed Sun, 23 Nov 2025 04:30:08 +0000 Enoch Yiu Enoch Yiu The Hong Kong government has renewed the contract of Julia Leung Fung-yee as CEO of the Securities and Futures Commission (SFC) to ensure consistent leadership while the market regulator carries out a raft of in-progress reforms. Confirming the Post’s report in October, the government said on Friday that Leung would stay in her job until at least December 31, 2027. “Over the next two years, her focus on strategic initiatives – particularly in data, talent and succession planning – will further... https://www.scmp.com/business/markets/article/3332818/hong-kong-government-renews-contract-top-market-regulator-julia-leung?utm_source=rss_feed https://www.scmp.com/business/markets/article/3332818/hong-kong-government-renews-contract-top-market-regulator-julia-leung?utm_source=rss_feed Fri, 14 Nov 2025 09:23:46 +0000 Enoch Yiu Enoch Yiu Mainland China, Hong Kong, Japan and India are poised to attract capital inflows from international investors seeking to diversify their portfolios with non-US-dollar assets while pursuing growth opportunities in the coming years, according to top Wall Street bankers. “China is one of the largest [and] most important economies in the world,” said David Solomon, chairman and CEO of Goldman Sachs, during a panel discussion at the Global Financial Leaders’ Investment Summit in Hong Kong on Tuesday.... https://www.scmp.com/business/banking-finance/article/3331436/mainland-china-hong-kong-lead-asia-attracting-overseas-capital-wall-street-bankers?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3331436/mainland-china-hong-kong-lead-asia-attracting-overseas-capital-wall-street-bankers?utm_source=rss_feed Tue, 04 Nov 2025 06:00:15 +0000 Enoch Yiu Enoch Yiu Hong Kong’s market regulator is conducting a comprehensive review of the listing regime to attract more innovative companies, while also closely monitoring how firms use digital assets as part of their treasury operations, according to the chairman of the Securities and Futures Commission (SFC). “These ongoing reviews will promote the market development of Hong Kong while at the same time ensure sufficient investor protection is in place,” Kelvin Wong Tin-yau said in a media briefing on Tuesday.... https://www.scmp.com/business/commodities/article/3330778/hong-kong-watchdog-eyes-listing-reform-woo-tech-firms-flags-digital-asset-risks?utm_source=rss_feed https://www.scmp.com/business/commodities/article/3330778/hong-kong-watchdog-eyes-listing-reform-woo-tech-firms-flags-digital-asset-risks?utm_source=rss_feed Thu, 30 Oct 2025 01:30:12 +0000 Enoch Yiu Enoch Yiu The Hong Kong government is expected to renew the contract of Julia Leung Fung-yee as the CEO of the market regulator Securities and Futures Commission (SFC) for another two years, according to two separate sources. Leung, a former journalist at The Asian Wall Street Journal, started her term as the first female head of the SFC in January 2023. Her current three-year term will expire at the end of this year, but sources familiar with the matter said the government would like her to serve another... https://www.scmp.com/business/markets/article/3328137/hong-kong-renew-contract-sfc-ceo-julia-leung-another-two-years-sources?utm_source=rss_feed https://www.scmp.com/business/markets/article/3328137/hong-kong-renew-contract-sfc-ceo-julia-leung-another-two-years-sources?utm_source=rss_feed Tue, 07 Oct 2025 11:00:11 +0000 Julie Zhang Julie Zhang In the Capital Connectors series, exclusive interviews with six influential Chinese and global bankers reveal the opportunities and challenges for Hong Kong in its evolution as an international financial hub. When Thai coconut water brand IFBH raised HK$1.16 billion (US$149 million) through a stock offering in Hong Kong in June, Li Chunbo, chairman and CEO of the deal’s sole sponsor Citic Securities International, saw it as more than just another listing from Southeast Asia. The world’s... https://www.scmp.com/business/banking-finance/article/3328010/hong-kong-markets-connector-role-not-just-mainland-china-citic-boss-says?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3328010/hong-kong-markets-connector-role-not-just-mainland-china-citic-boss-says?utm_source=rss_feed Tue, 07 Oct 2025 00:30:08 +0000 Julie Zhang,Aileen Chuang Julie Zhang,Aileen Chuang Hong Kong unveiled a blueprint on Thursday for its fixed income and currency markets, including measures to expand offshore yuan products and liquidity to consolidate its role as an international financial hub. The Roadmap for the Development of Fixed Income and Currency (FIC) Markets, jointly unveiled by the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA), sets out plans to broaden offshore yuan usage and expand cross-border Connect schemes to enhance... https://www.scmp.com/business/banking-finance/article/3326883/hong-kong-launches-road-map-deepen-yuans-role-expand-financial-market?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3326883/hong-kong-launches-road-map-deepen-yuans-role-expand-financial-market?utm_source=rss_feed Thu, 25 Sep 2025 12:39:36 +0000 Aileen Chuang Aileen Chuang Hong Kong is boosting financial ties with the Middle East by signing initial accords with the United Arab Emirates (UAE) to enable mutual recognition of funds and cross-listings of exchange-traded funds (ETFs) on the Abu Dhabi Securities Exchange. Hong Kong’s market regulator, the Securities and Futures Commission (SFC), and the UAE’s Securities and Commodities Authority signed a memorandum of understanding on Wednesday to facilitate the mutual recognition of funds. This would allow public... https://www.scmp.com/business/banking-finance/article/3325954/hong-kong-and-uae-strengthen-financial-ties-etf-and-fund-accords?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3325954/hong-kong-and-uae-strengthen-financial-ties-etf-and-fund-accords?utm_source=rss_feed Thu, 18 Sep 2025 06:00:13 +0000 Jess Ma Jess Ma Hong Kong’s major social media, messaging platform providers and telecoms firms have pledged to strengthen checks on advertisers’ identities and remove fraudulent advertisements embedded with phishing links. Seven social media or messaging platforms and six telecommunications companies have joined the Hong Kong Monetary Authority’s (HKMA) Anti-scam Consumer Protection Charter 3.0. The initiative commits them to proactively detecting fraud on their platforms and networks, as well as cooperating... https://www.scmp.com/news/hong-kong/law-and-crime/article/3317592/hong-kong-tech-and-telecoms-giants-unite-combat-online-fraud?utm_source=rss_feed https://www.scmp.com/news/hong-kong/law-and-crime/article/3317592/hong-kong-tech-and-telecoms-giants-unite-combat-online-fraud?utm_source=rss_feed Wed, 09 Jul 2025 14:00:35 +0000