News in Brief - Caproasia Online
Caproasia.com | The leading source of data, research, information & resource for investment managers, professional investors, UHNW & HNW investors, and 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

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.







Hong Kong SFC Provides Guidance on Use of Instant Messaging to Receive Orders from Clients

Hong Kong’s Securities and Futures Commission (SFC) has issued a circular to intermediaries to provide guidance on the use of instant messaging applications to receive orders from clients.

” Hong Kong SFC Provides Guidance on Use of Instant Messaging to Receive Orders from Clients “

The circular encourages firms to take adequate measures to ensure compliance with the requirements, which include keeping proper records of messages relating to client orders and ensuring they are accessible for monitoring and audit purposes, validating client identities and maintaining adequate safeguards to prevent unauthorised account access and cybersecurity attacks.  Intermediaries are required to keep the records for more than two years.

Clients should be made aware of the security risks of using instant messaging applications. Firms should also inform clients about their contingency plans to cope with disruptions affecting instant messaging services.


Ads & Announcements



SFC may take regulatory action against firms which receive orders through instant messaging applications without taking sufficient measures to ensure compliance with the regulatory requirements.

Julia Leung, SFC’s Deputy Chief Executive Officer and Executive Director of Intermediaries:

“Brokers should put in place adequate measures to ensure the security and reliability of instant messaging applications used for receiving client orders.  Investors should fully understand that using instant messaging to place orders exposes them to potential risks such as phishing, account theft and impersonation.”

Source: SFC




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

Register Below
Latest 2022 data & reports, insights & news
Every Saturday & Sunday 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

For Investors | Professionals | Executives




New to Caproasia?
Join 10,000 +
Learn More | Sign Up Today







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.

Subscribe / Sign Up / Contact Us


    Mailing ListFree TrialInvestor $680 YearlyProfessional $680 YearlyExecutive $2,000 Yearly


    Private WealthFamily OfficePrivate BankingWealth ManagementInvestmentsAlternativesPrivate MarketsCapital MarketsESG & SICEO & EntrepreneursTax, Legal & RisksHNW & UHNWs Insights











    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014


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









    Previous articleCharismatic Capital Launches New $250 Million Debt Equity Fund
    Next articleCredit Suisse Hires David Lim as Vice Chairman of Private Banking for Southeast Asia
    Caproasia.com covering capital markets, investments and private wealth in Asia. Our users manage, advise & invest $25 trillion assets in Asia