Hong Kong Talent Engage (HKTE) announced today (January 29) that the international mega talent event, Global Talent Summit Week (GTS Week), will take place in mid-March, focusing on the integration of education, technology, and talent to foster cross-regional talent exchange and explore future talent trends.
The GTS Week consists of three parts: the International Talent Forum and CareerConnect Expo, which will be held at the Hong Kong Convention and Exhibition Centre on March 18 and 19, alongside a week-long series of satellite events dedicated to human resources and talent development.
Global Talent Summit Week poster.
Hong Kong has been ranked first in Asia in the International Institute for Management Development's World Talent Ranking 2025, achieving its highest ranking ever. The Director of HKTE, Mr Felix Chan, stated that, with Hong Kong as Asia's premier talent hub, the office is committed to engaging insights from government officials and business leaders worldwide through the GTS Week, showcasing diverse development opportunities and driving cross-regional and cross-sectoral collaboration, while inspiring forward-looking perspectives.
The International Talent Forum will be streamed live online, allowing domestic and overseas talent and members of the public to watch in real time. Pre-event registration for the CareerConnect Expo is now open. QR codes will be provided for entry on the event days. HKTE welcomes exhibitors, incoming talent, and members of the public to visit the website of the GTS Week (gts.hkengage.gov.hk) for the latest updates on this mega event.
HKMA and SFC jointly consult on standard calculation periods under OTC derivative Clearing Rules
The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) today (January 29) issued a joint consultation on standardising the calculation periods (Note 1) for each year under the Clearing Rules (Note 2) for the over-the-counter (OTC) derivatives regulatory regime.
Under the current approach that requires the central clearing of OTC derivative transactions, the existing list of calculation periods specified in the Clearing Rules needs to be updated regularly. In a move to further increase the efficiency of the operation of the Clearing Rules, the HKMA and the SFC propose to designate, once and for all, standard calculation periods for each year with effect from March 1, 2027 (Note 3).
As part of the regulators' ongoing efforts to enhance the OTC derivatives regulatory regime in Hong Kong, the proposed change would also offer greater certainty to derivative dealers in identifying future calculation periods to ensure compliance.
Interested parties are invited to submit comments to the HKMA or the SFC by February 27, 2026. The joint consultation paper can be downloaded from the HKMAandSFC websites.
Note 1: Under the Clearing Rules, a calculation period is used to determine whether a person is subject to mandatory clearing obligation, based on the size of its applicable position in OTC derivative transactions for a calculation period as calculated in accordance with the Clearing Rules.
Note 2: The Securities and Futures (OTC Derivative Transactions – Clearing and Record Keeping Obligations and Designation of Central Counterparties) Rules.
Note 3: Under the proposed approach to be effective from March 1, 2027 onwards, the Clearing Rules will be amended to designate two calendar periods, i.e., March 1 to May 31 and September 1 to November 30, in each year as calculation periods.
Source: AI-found images
