Comparative Guides

Welcome to Mondaq Comparative Guides - your comparative global Q&A guide.

Our Comparative Guides provide an overview of some of the key points of law and practice and allow you to compare regulatory environments and laws across multiple jurisdictions.

Start by selecting your Topic of interest below. Then choose your Regions and finally refine the exact Subjects you are seeking clarity on to view detailed analysis provided by our carefully selected internationally recognised experts.

4. Results: Answers
Trends and predictions
How would you describe the current fintech landscape and prevailing trends in your jurisdiction? Are any new developments anticipated in the next 12 months, including any proposed legislative reforms?
Hong Kong

Answer ... Hong Kong has just rolled out its first regulation governing crypto-asset trading platforms. This means that Hong Kong might see the first licensed exchange in a Tier 1 jurisdiction launched as early as early Q2 2020.

Embracing distributed ledger technology, the Hong Kong Stock Exchange has also announced its intention to build its own blockchain platform for post-trade allocation and processing of northbound transactions.

eTradeConnect – a large-scale, multi-bank blockchain project aimed at improving overall trade efficiency and reducing risks and fraud by digitising trade documents and automating trade finance processes – was also launched in 2018.

For more information about this answer please contact: Dominic Wai from ONC Lawyers