Simon Collier

https://lnkd.in/eY3-AmYM will MoF walk the walk!?.. #JPY strength to play through opts. A very decent chunk of 5s and 7s UST auctions coming up, #SPX500 nearly achieved ideal correction level 4800-4900 range, mega cap earnings and PCE coming up - #highfrolonger still in play, core inflation could actually end up closer to 4.5% towards q3 2024.. QQQ ideal correction more towards 16K, the growth vs value rotation only just started #assetmanagement #qualitybalancesheets

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Today’s FiNETech 4 was joined by 300 subject experts from across the industry. Carmen Chu, Executive Director (Banking Supervision) of the HKMA, highlighted in her opening remarks the launch of the Supervisory Incubator for DLT – a new supervisory arrangement to help banks responsibly unlock the transformative potential of DLT. https://lnkd.in/gAJawEJw FiNETech 4, co-hosted by the HKMA and the Securities and Futures Commission (SFC), is the fourth edition of the flagship FiNETech Series. This cross-sectoral engagement amongst the banking, securities, insurance, mandatory provident fund and technology sectors from Hong Kong and Mainland China, provides useful opportunities for exploring exciting collaborations and the unique applications that DLT has to offer. Hazel Law from Securities and Futures Commission (SFC) shared insights on DLT’s transformative power to revolutionise financial services, highlighting the need for robust risk management to unlock its full benefits. While Vivien K. from Private Wealth Management Association (PWMA), Dominic Maffei from Standard Chartered, Emmanuelle Pecenicic from Fidelity International, and HKMA further discussed the opportunities, risks, and challenges of integrating DLT within the financial ecosystem, and explored the global landscape of tokenisation and DLT adoption, as well as looking at future trends. During the fireside chat, thought leaders from WeLab, Moon Lab, and altech shared insights on the potential for tokenised information to redefine data management and the keys to successful adoption. DLT solution providers took the stage to showcase their latest innovations during the rapid-fire demo sessions. Looking forward, HKMA will continue promoting and facilitating innovations in the realm of Fintech. Our gratitude is also extended to financial regulators (Insurance Authority, Mandatory Provident Fund Schemes Authority (MPFA)), the Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone of Shenzhen, industry associations (The Hong Kong Association of Banks, FinTech Association of Hong Kong), technology communities (HKSTP - Hong Kong Science and Technology Parks Corporation, Cyberport Hong Kong), and consultancy firms KPMG China and Quinlan & Associates for their support. Special thanks to all participating DLT solution providers: ABT Tech Limited, altech, Blockchain Solutions Limited, DigiFT, HashKey Group, Moon Lab, OneConnect Smart Technology, Universal Digital Payments Network, Safeheron, S.F. EXPRESS CO. LTD, Singular Global, Sprout, StarCompliance, Tencent Cloud, WeBank, Xalts. Learn more: https://lnkd.in/gzc-3kJq #HKMA #FiNETech #FintechPromotionRoadmap #DLT

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The transformative potential of DLT and RWA Tokenization, unlocking new market opportunities, operational efficiencies and enhanced risk management capabilities. 👏

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Proxinex Scam Alert in Hong Kong 🇭🇰 🚨 The Hong Kong Securities and Futures Commission (SFC) has issued a warning regarding Proxinex, a platform suspected of being involved in virtual asset-related fraud. Investors are urged to exercise caution and avoid dealings with Proxinex due to potential risks associated with the platform. This action is part of the SFC's ongoing efforts to protect investors and ensure market integrity. In addition to Proxinex, the SFC has also blocked access to the websites of BitCuped and the Hong Kong Digital Research Institute, highlighting concerns over misleading information and fraudulent activities. This warning comes in the wake of significant financial losses in previous cases, such as the Hounax scam, where investors lost approximately HK$120 million (US$15.4 million) before any advisory could be issued. For more details, you can read the official announcement from the SFC below https://lnkd.in/guUSPnv8 #InvestmentSafety #FinancialRegulation #CryptoAwareness #SFCWarning #Proxinex

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MPF Ratings today released its July MPF Performance Survey, pointing out that total MPF assets have reached a new record all-time high on the back of MPF’s 5th positive performance month this year. Aided by approximately $6.8bn in performance earnings in July, average MPF account balances are now approximately just under $260,000 at $259,900. The Nasdaq entered correction territory, a warning that MPF members have too much to lose if they get market timing wrong. Find out more here: https://lnkd.in/g5RNs35e #mpfratings #MPFScorecard #MPFHealthCheck #MPFFastMover #MPFRConsistentPerformers #MarketInsights #MPFMarketShare #MPFFundFlows #MPFNetReturns #MPFIndustry #pensionschemes #assetmanagement #investmentmanagement #mpf #investment #empf

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ChinaAMC (HK) today announced that it has received regulatory approval from the Securities and Futures Commission (SFC) for the provision of virtual asset management services.   ChinaAMC (HK), in partnership with OSL Digital Securities Limited, a pioneer in the virtual assets sector, and BOCI-Prudential Trustee Limited, a preeminent custodian, are actively deploying resources in the development of spot Bitcoin ETF and spot Ethereum ETF. Read the full announcement: https://lnkd.in/gQ8hxRxe #ChinaAMCHK #ETF #HongKong #VirtualAsset #Bitcoin #Ethereum #Crypto #Spot #AssetManagement Investment involves risk, including possible loss of principal. Past performance does not represent future performance. The information contained herein is for informational purposes only and does not constitute an offer or invitation to anyone to invest in any funds and has not been prepared in connection with any such offer. The material has been prepared and issued by China Asset Management (Hong Kong) Limited. This material has not been reviewed by the Securities and Futures Commission.

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ICGN has responded to the Hong Kong Exchanges and Clearing Limited (HKEX)’s consultation on the Review of Corporate Governance Code and Related Listing Rules. We particularly welcome the Exchange’s efforts to strengthen board independence and effectiveness. These include proposed Code Provisions requiring issuers to conduct and disclose regular board performance reviews, to maintain a board skills matrix, the introduction of a Listing Rule to require issuers to have and disclose a diversity policy for their workforce, and the requirement for specific disclosure of the issuer’s policy on payment of dividends. The ICGN Global Governance Principles recommend that the board should disclose a clear policy on the company’s approach to capital allocation as a foundation for long-term value creation. See our full response to the consultation at: https://lnkd.in/d9w4Uj7G The ICGN Global Governance Principles, which serve as ICGN’s primary standard for well-governed companies, can be read at: https://lnkd.in/dbu28Dhc All our public consultation responses and comment letters are available in the Policy section of ICGN’s website, at: https://lnkd.in/drUVA8kx #governance #corpgov #boards #independ #disclosure #diversity #dividends #capitalallocation

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The UK's recent ratification of its membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) represents a significant pivot in its post-Brexit trade strategy. This trade deal, which brings together 11 countries across the Pacific rim, is expected to foster economic growth by increasing trade and investment opportunities, enhancing market access, and reducing tariffs for a variety of goods, including dairy products, cars, and technology. The government has emphasized the potential for this agreement to open new markets in rapidly growing regions, which collectively represent 13% of the global economy, with expectations of boosting UK exports significantly [[❞]](https://lnkd.in/ez5j8sji) [[❞]](https://lnkd.in/eiU_DE6S) [[❞]](https://lnkd.in/eCi6rCka). Despite these potential benefits, there is growing scrutiny and some concerns regarding the UK's strategic focus, particularly regarding the implications of pursuing trade relationships in geographically distant regions while potentially sidelining closer economic ties with the European Union (EU). Critics argue that the economic gains from the CPTPP might not be substantial enough to offset the opportunities lost due to reduced access to the EU market, which remains the UK's largest trading partner. The forecasted economic boost from the CPTPP is modest, with an increase of just 0.08% to the UK's GDP over ten years, contrasted with a 4% reduction in economic growth due to Brexit (https://lnkd.in/eCi6rCka) [[❞]](https://lnkd.in/eEeYuEcS). This strategic choice also raises broader economic and political questions, such as the balance between global diversification and regional integration. The Labour Party, among others, has voiced concerns that the government's focus on the Indo-Pacific region might be neglecting necessary relations with the EU, suggesting a need to rekindle structured dialogues and cooperation with European partners (https://lnkd.in/eCi6rCka).

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🔎 Discover how Kroll helped prevent #financialcrime for a global #cryptocurrency exchange by transforming their screening system to meet regulatory and compliance requirements, providing $5 million in cost savings: http://ms.spr.ly/6048Y6WwQ #AML #AntiMoneyLaundering #CryptoDueDiligence

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Julia Charlton presented a webinar on HKEX Consultation on Changes to Corporate Governance Code and Listing Rules. Now available on the Charltons YouTube channel here: https://cutt.ly/1eP6SH2N #Webinar #CorporateGovernance #HKEX #ListingRules #JuliaCharlton #LegalEducation #YouTube #Charltons #RegulatoryUpdate #WatchNow

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After the Securities and Futures Commission (SFC) issued the Circular on SFC-authorised Funds with Exposure to Virtual Assets on 22 December 2023, stating that it would "consider authorising investment funds with exposure to virtual assets of more than 10% of their net asset value for public offerings in Hong Kong" (including but not limited to VA-related exchange-traded funds (VA ETFs)), six SFC-authorised spot VA ETFs were listed on the Hong Kong Stock Exchange for trading on 30 April 2024, being the first batch of spot VA ETFs that are available for trading across the exchanges in Asia. Key contacts: Partner Vivien Teu Partner Charles Yim Managing Associate Ivan Tsang Associate Kelvin Wong #Dentons #DentonsHongKong #SFC #VirtualAsset #VA #Funds #ExchangeTradedFunds #ETF To read the full article: https://lnkd.in/eGb2RxHy

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🚨 Hong Kong Monetary Authority (HKMA) has recently addressed the key risk management considerations regarding the review of banks’ proposals involving the use of distributed ledger technology (DLT).   Since the Government published its "Policy Statement on Development of Virtual Assets in Hong Kong" in 2022, the HKMA has noted growing interest from banks to explore how they can apply DLT to traditional financial market operations. The HKMA is supportive of banks adopting DLT-based solutions so long as they can adequately manage the associated risks. 💪 Looking forward to hearing more about the agile and dynamic development of the market and HKMA's role in providing the industry with additional supervisory clarity! #FTAHK #Fintech #FinTechHK #HongKong #dlt

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