Hong Kong derivatives regime could drive more offshore booking
Industry warns new capital requirements for securities firms are higher than other jurisdictions
A forthcoming Hong Kong licensing regime for dealing in or advising on over-the-counter derivatives could prompt Chinese securities firms to book trades elsewhere to remain internationally competitive, say industry experts. The Hong Kong Securities and Futures Commission (SFC) published a new draft of the financial resources rules (FRR) in July 2025, updating an earlier proposal from 2019, and
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