There are various exciting regulatory developments that we expect to see in Hong Kong throughout 2021. This bulletin looks at a number of key regulatory areas of focus in relation to: i) anti-money laundering and counter-terrorist financing; ii) personal data/outsourcing/cloud storage; iii) the asset management and funds industry; iv) trust and custody business; v) corporate governance; vi) OTC derivatives licensing; vii) the insurance industry; and viii) green and sustainable finance.