Enforcement

Top Chinese Court Issues Guidance on Punishing ChiNext Crimes

19/08/2020

The “zero tolerance” guidance came days before the first batch of companies are set to debut under ChiNext’s new registration-based system.

Enforcement

MAS Bans Two Individuals for Fraud and Dishonest Conduct

19/08/2020

Prohibition orders were issued against former representatives of Prudential Assurance Company Singapore and Bank of Singapore in two unrelated cases.

Securities / Derivatives

MSCI Launches Climate Change Indexes for China Stocks

19/08/2020

The new indexes will allocate higher weightings to stocks with lower carbon emissions. MSCI is in talks on the creation of investment products based on the new indexes.

Big Picture

Asian Central Banks Fear Return of USD Funding Stress

19/08/2020

Trade frictions, a resurgence of Covid-19 infection rates, and rising corporate insolvency and credit rating downgrades could prompt renewed US dollar funding stress, says a new report.

Capital / Liquidity

HKMA Eases LTV Rule for Commercial Real Estate Loans

19/08/2020

Effective from 20 August, the loan-to-value ratio cap is being raised from 40 to 50 percent. The 40 percent cap was introduced in 2009 as a market cooling measure.

Market Infrastructure

India Planning Specialised Cyber Agency for Financial Sector

19/08/2020

The specialised agency was proposed in 2017 by then finance minister Arun Jaitley. On Saturday, Prime Minister Narendra Modi said India will soon have a new cyber security policy.

AML / KYC

PEPs in the Limelight: Three Components to Mitigate Risk

19/08/2020

To understand the money laundering risks they face, financial firms need a robust and scalable approach to PEP identification and due diligence, says Refinitiv’s Michael Meadon.

Market Infrastructure

China to Promote Cross-Border Use of Renminbi, says PBOC

19/08/2020

China will facilitate trade and investment using the renminbi, the PBOC said in its annual RMB Internationalization Report.

Market Infrastructure

Taiwan to Tighten Rules on Investments from Mainland China

19/08/2020

A draft amendment will expand the definition used to determine whether a Taiwanese firm is considered Chinese-owned or under the control of a Mainland company.