Chinese companies already listed on US bourses will have until 1 January 2022 comply with tougher IPO standards. New listings will have to comply sooner.
PBOC governor Yi Gang says China will continue to open up its financial sector in line with the phase one trade deal signed with the US in January.
One of the main changes is the removal of a requirement for bond issuers to seek credit ratings, which will make it easier for companies to sell debt securities.
The key elements may help promote the provision of liquidity, strengthen investor confidence, and foster fair and efficient markets, IOSCO says.
The new futures contracts are based on net total return and price return indices calculated by FTSE Russell, covering regional as well as single country benchmarks.
“China has decided to impose sanctions on those individuals who behaved badly on Hong Kong-related issues,” said a spokesperson, without specifying what the sanctions would entail.
Companies from nine key fintech verticals are invited to submit applications by 31 August, for a chance to showcase their solutions to corporates and investors at Hong Kong Fintech Week.
Requirements to report forbearance granted to borrowers will ensure industry statistics reflect the “true health of the banking system” and incentivise prudence in banks’ credit decisions.
APRA will recommence public consultations on high-priority prudential policy reforms, and begin accepting new licence applications in September.
A cross-border link between Singapore’s PayNow and Thailand’s PromptPay will extend to Malaysia’s DuitNow, a BNM official said.