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This decision underscores the stringent threshold for imposing a duty of care on financial institutions.

The Hong Kong Association of Banks (HKAB) and the DTC Association (DTCA) launched the revised Code of Banking Practice (Code) on 10 December 2021.

Hong Kong has served as the world's gateway to China for over 150 years, evolving from a trade hub into a sophisticated financial center. With its unique "One Country, Two Systems" status, common law legal framework, and competitive tax regime, the city is experiencing renewed global interest as a safe haven and business hub, particularly as first quarter 2026 GDP expanded 5.9% and residential demand surged amid record-breaking capital market activity.

The terms and conditions will be imposed by way of licensing conditions

Hong Kong's Securities and Futures Commission has introduced stringent new requirements for publicly offered funds investing in virtual assets, establishing a 10% net asset value threshold, prohibiting fund-level leverage, and mandating cold-wallet storage with onshore key custody. Fund managers must now navigate tightened custodian arrangements and closely monitor their virtual asset holdings to ensure compliance with these evolving regulatory controls.

The Maples Insights: Hong Kong Investment Funds Forum 2026, held on 7 May, convened over 300 leading fund managers...

The High Court examined a case where a Hong Kong securities brokerage company brought conspiracy claims against its own client, alleging an undisclosed discretionary trading arrangement between the client and one of the firm's employees.=

On 7 February 2020, Cayman's Private Funds Law, 2020 (PFL) came into force, requiring any closed-ended fund that falls within the definition of "private fund" and is not otherwise exempted to apply...

On 1 December 2020, the Hong Kong Stock Exchange (HKEX) launched the Sustainable and Green Exchange (STAGE)

In recent years, the Hong Kong Securities and Futures Commission (SFC) has increasingly focused on private equity funds' obligation to be licensed under the Securities and Futures Ordinance (SFO).

On 21 November 2019, the Securities and Futures Commission (SFC) published a circular to licensed corporations regarding dubious private fund and discretionary account arrangements and transactions.

As digital currencies continue to gain popularity worldwide, Hong Kong has enacted the Stablecoins Ordinance (Cap. 656) ("SCO"), ushering in a new era for digital asset regulation.

Hong Kong's SFC recently introduced two major regulatory updates for virtual asset trading platforms (VATPs). There are (1) a Circular on Shared Liquidity by Virtual Asset Trading Platforms...

This snapshot is intended to highlight some important, high-level considerations for directors and managers of crypto funds during challenging times, in particular in light of the filing...

China's Belt & Road Initiative in terms of overseas projects has been receiving project financing to the tune of about US$13 billion a month.