UBS office in Kowloon, Hong Kong Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more

Caproasia Access | Events | Summits | Register Events | The Financial Centre
The 2023 Investment Day | 2023 Family Office Summits | Family Office Circle

This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.








UBS Launches 3 Crypto ETFs in Hong Kong for Investors to Trade ETFs Relating to Bitcoin & Ethereum on Trading Platform, HSBC Launched Crypto ETFs to Clients in Hong Kong in June 2023

17th November 2023 | Hong Kong

UBS has launched 3 crypto ETFs (Exchange Traded Funds) in Hong Kong, allowing investors to trade ETFs relating to Bitcoin & Ethereum on UBS trading platform.   In June 2023, HSBC had launched crypto ETFs (Exchange-traded-funds) to clients in Hong Kong, allowing HSBC Hong Kong clients to buy & sell Bitcoin & Ether-based ETFs.  Earlier in 2023 June, Hong Kong central bank Hong Kong Monetary Authority (HKMA) had been reported (Financial Times) to hold a meeting in May 2023 with HSBC, Standard Chartered & Bank of China for not accepting crypto exchanges as clients.  In 2023 May, Hong Kong Securities & Futures Commission (SFC) had issued new guidelines for “Virtual Asset Trading Platform Operators” will be effective on 1st June 2023 (Thursday), with licensed trading platform operators allowed to serve retail investors.  More info below. 

“ UBS Launches 3 Crypto ETFs in Hong Kong, Investors Can Trade ETFs Relating to Bitcoin & Ethereum on Trading Platform “

 

- Article continues below -
Quick Links, Ads & Announcements
Caproasia Access | Events | Summits | Register Events | The Financial Centre
The 2023 Investment Day | 2023 Family Office Summits | Family Office Circle

Sign Up
Basic Member: $5 Monthly | $60 Yearly
Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680)

The 2024 Investment Day | 5/3 HK & 12/3 SG
Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 5th March 2024 in Hong Kong, 12th March 2024 in Singapore.
Visit | Register here

The 2023 Family Office Summit | 25/10 HK & 8/11 SG
Join 100+ single family offices & family office professionals in Hong Kong & Singapore
Links: 2023 Family Office Summit | Register here

 

HSBC Launches Crypto ETFs to Clients in Hong Kong, HSBC Hong Kong Clients Can Buy & Sell Bitcoin & Ether-based ETFs HSBC London

29th June 2023 – HSBC has launched crypto ETFs (Exchange-traded-funds) to clients in Hong Kong, allowing HSBC Hong Kong clients to buy & sell Bitcoin & Ether-based ETFs.  Earlier in 2023 June, Hong Kong central bank Hong Kong Monetary Authority (HKMA) had been reported (Financial Times) to hold a meeting in May 2023 with HSBC, Standard Chartered & Bank of China for not accepting crypto exchanges as clients.  In 2023 May, Hong Kong Securities & Futures Commission (SFC) had issued new guidelines for “Virtual Asset Trading Platform Operators” will be effective on 1st June 2023 (Thursday), with licensed trading platform operators allowed to serve retail investors.  More info below.

 

 

Hong Kong Central Bank HKMA Held Meeting in May 2023 with HSBC, Standard Chartered & Bank of China For Not Accepting Crypto Exchanges as Clients, Hong Kong Based-Banks May Face Regulatory Pressures from Global Regulators Including United States Hong Kong, Asia’s leading financial centre

15th June 2023 – Hong Kong central bank Hong Kong Monetary Authority (HKMA) had been reported (Financial Times) to hold a meeting in May 2023 with HSBC, Standard Chartered & Bank of China for not accepting crypto exchanges as clients.  Hong Kong based-banks may face regulatory pressures from global regulators including United States.    In 2023 May, Hong Kong Securities & Futures Commission (SFC) issues new guidelines for “Virtual Asset Trading Platform Operators” which will be effective on 1st June 2023 (Thursday), with licensed trading platform operators allowed to serve retail investors.  More info below. Separately, Binance and Coinbase had been charged by United States regulators for securities violations.   United States SEC Files 13 Charges Against Crypto Exchange Binance | United States SEC Charged Crypto Trading Platform Coinbase

 

 

Hong Kong SFC New Guidelines for Virtual Asset Trading Platform Operators to be Effective on 1st June 2023, Licensed Trading Platform Operators Allowed to Serve Retail Investors

24th May 2023 – Hong Kong Securities & Futures Commission (SFC) new guidelines for “Virtual Asset Trading Platform Operators” will be effective on 1st June 2023 (Thursday), with licensed trading platform operators allowed to serve retail investors.  Hong Kong SFC: “A significant majority of respondents agreed to our proposal to allow licensed trading platform operators to serve retail investors. The SFC will implement a number of robust measures to protect these investors including ensuring suitability in the onboarding process, good governance, enhanced token due diligence, admission criteria and disclosures … … Operators of virtual asset trading platforms who are prepared to comply with the SFC’s standards are welcome to apply for a licence. Those who do not plan to do so should proceed to an orderly closure of their business in Hong Kong.  The SFC will continue its efforts with the Investor and Financial Education Council to warn investors about the risks of trading on unregulated platforms. In particular, despite the commencement of the regime on 1 June 2023, the SFC has yet to approve any virtual asset trading platform to provide services to retail investors and most virtual asset trading platforms currently accessible by the public are not regulated by the SFC.”  See below for full statement.

Julia Leung Hong Kong SFC CEO: “Providing clear regulatory expectations is the key to fostering responsible development.  Hong Kong’s comprehensive virtual assets regulatory framework follows the principle of ‘same business, same risks, same rules’ and aims to provide robust investor protection and manage key risks. This will enable the industry to develop sustainably and support innovation.”

 

 

Hong Kong SFC New Guidelines for Virtual Asset Trading Platform Operators to be Effective on 1st June 2023

SFC concludes consultation on regulation of virtual asset trading platforms

23 May 2023 – The Securities and Futures Commission (SFC) today released the Consultation Conclusions on the Proposed Regulatory Requirements for Virtual Asset Trading Platform Operators Licensed by the SFC (Note 1).

During the consultation period, the SFC received 152 written submissions from industry and professional associations, professional and consultancy firms, market participants, licensed corporations, individuals and other stakeholders. Respondents generally welcomed the proposed requirements, while a number of them sought clarifications. Taking into consideration the wide-ranging comments and suggestions provided by respondents, the SFC has modified or clarified some of the proposed requirements.

A significant majority of respondents agreed to our proposal to allow licensed trading platform operators to serve retail investors. The SFC will implement a number of robust measures to protect these investors including ensuring suitability in the onboarding process, good governance, enhanced token due diligence, admission criteria and disclosures.

The Guidelines for Virtual Asset Trading Platform Operators will become effective on 1 June 2023 (Note 2). The Guidelines set out, among others, safe custody of assets, segregation of client assets, avoidance of conflicts of interest and cybersecurity standards and requirements expected of licensed trading platforms. SFC will provide additional guidance on the new regulatory requirements, other implementation details including licence application procedures (Note 3), as well as more information about the transitional arrangements.

Operators of virtual asset trading platforms who are prepared to comply with the SFC’s standards are welcome to apply for a licence. Those who do not plan to do so should proceed to an orderly closure of their business in Hong Kong.

The SFC will continue its efforts with the Investor and Financial Education Council to warn investors about the risks of trading on unregulated platforms. In particular, despite the commencement of the regime on 1 June 2023, the SFC has yet to approve any virtual asset trading platform to provide services to retail investors and most virtual asset trading platforms currently accessible by the public are not regulated by the SFC.

Notes:

On 20 February 2023, the SFC issued the Consultation Paper on the Proposed Regulatory Requirements for Virtual Asset Trading Platform Operators Licensed by the SFC. The consultation period ended on 31 March 2023. The proposed regulatory requirements cover safe custody of assets, Know-Your-Client processes, anti-money laundering/counter-financing of terrorism (AML/CFT), avoidance of conflicts of interest, criteria for admitting virtual assets for trading, prevention of market manipulative and abusive activities, accounting and auditing, risk management and cybersecurity.

On 25 May 2023, the SFC will gazette the Guidelines for Virtual Asset Trading Platform Operators, the Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (For Licensed Corporations and SFC-licensed Virtual Asset Service Providers), the Prevention of Money Laundering and Terrorist Financing Guideline issued by the Securities and Futures Commission for Associated Entities of Licensed Corporations and SFC-licensed Virtual Asset Service Providers, and the Disciplinary Fining Guidelines.

The SFC will gazette the application forms for virtual asset trading platforms to apply for the relevant licences under the Securities and Futures Ordinance and the Anti-Money Laundering and Counter-Terrorist Financing Ordinance on 25 May 2023 and will begin accepting applications on 1 June 2023.

Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.

Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more.  List hard-to-find financial & private wealth services.

Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]

Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?


Quick Links Caproasia Access | Events | Summits | Register Events | The Financial Centre
The 2023 Investment Day | 2023 Family Office Summits | Family Office Circle

2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


For Investors | Professionals | Executives
Latest data, reports, insights, news, events & programs
Everyday at 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

Register Below

For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Sign Up / Register

You are:
InvestorProfessionalFamily OfficeExecutive

Select:
SubscriptionMembershipEvents

Interests / Events / Summits / Roundtables / Networking:
Professional InvestorPrivate WealthFamily OfficePrivate BankingWealth ManagementInvestmentsAlternativesPrivate MarketsCapital MarketsESG & SICEO & EntrepreneursTax, Legal & RisksHNW & UHNWs Insights

Your Name*

Company*

Job Title*

Email 1 (Work / Personal)*

Email 2 (Work / Personal)

Country

Web links may be disabled on mobile for security.
Please click on desktop.






New to Caproasia
Learn More | Sign Up | Subscribe | Register Events

Caproasia Users

• Manage $20 million to $3 billion of assets
• Invest $3 million to $300 million
• Advise institutions, billionaires, UHNWs & HNWs

Caproasia Platforms | 10,000 Investors & Advisors

• Caproasia.com
• Caproasia Access
• Caproasia Events
• The Financial Centre | Find Services
• Membership
• Family Office Circle
• Professional Investor Circle
• Investor Relations Network

Monthly Roundtable & Networking

• Professional Investor
• Family Office
• HNW Partnership

Family Office Programs

• Family Office Circle
• Family Office Networking
• Family Office Roundtable
• The Family Office Summit

The 2023 Investment Day

• 28th March 2023 - Hong Kong
• 4th April 2023 - Singapore
• April 2023 - Virtual
• 6th June 2023 - Hong Kong
• 13th June 2023 - Singapore
• Sept 2023 - Hong Kong
• Oct 2023 - Singapore
• Oct 2023 - Hong Kong
• Visit: The Investment Day | Register: Click here

Caproasia Summits

• The Investment Summit
• The Private Wealth Summit
• The Family Office Summit
• The CEO & Entrepreneur Summit
• The Capital Markets Summit
• The ESG / Sustainable Investment Summit

Contact Us For Enquiries, Membership
[email protected], [email protected]

For Listing, Subscription
[email protected], [email protected]

For Press Release, send to:
[email protected]

For Events & Webinars
[email protected]

For Media Kit, Advertising, Sponsorships, Partnerships
[email protected]

For Research, Data, Surveys, Reports
[email protected]

For General Enquiries
[email protected]