Page 75 - 期货和衍生品行业监管动态（2022年12月）

期货和衍生品行业监管动态

During the quarter, the SFC welcomed the Central Government’s support
initiatives (Note 1) announced by Mr Fang Xinghai, Vice-Chairman of the China

Securities Regulatory Commission (CSRC), to enhance Hong Kong's status as an

international financial centre, offshore renminbi centre and risk management centre.

The SFC also published its Agenda for Green and Sustainable Finance, setting out its

next steps to support Hong Kong’s role as a regional sustainable finance centre.

Together with the People’s Bank of China and the Hong Kong Monetary

Authority (HKMA), the SFC announced in July the development of Swap Connect. It

also made a joint announcement with the CSRC on the in-principle approval for

enhancements to the Stock Connect trading calendar to enable trading on all days

when both the Mainland and Hong Kong markets are open.

The Court of First Instance dismissed a judicial review application brought
against the SFC in relation to restriction notices issued during its investigation into a

suspected “ramp-and-dump” scheme in order to freeze assets suspected to be

connected with the scheme. In another case, 13 suspects were charged with criminal

offences at the Eastern Magistrates’ Courts following the SFC’s joint operation with

the Hong Kong Police Force against a ramp-and-dump syndicate.

Other highlights of the quarter included the publication of the SFC-HKMA

annual joint survey on the sale of non-exchange traded investment products and the

SFC’s findings from a review of licensed corporations’ compliance with regulatory

requirements when onboarding clients and distributing or advising on investment

products via online platforms. In addition, new regulatory requirements came into

effect requiring large fund managers to incorporate climate-related risks into their

governance, investment and risk management approaches as well as to make related

disclosures.

The SFC launched its official WeChat account during the quarter and also began

a publicity campaign to help the investing public better understand the investor

identification regime, which will enhance its market surveillance function by

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