Supervision & Enforcement

CBIRC Fines Four Banks and Huarong for Violations

07/09/2020

Minsheng Bank, Zheshang Bank, Guangfa Bank, Huaxia Bank and Huarong Asset Management were fined a combined 320mn yuan for various violations.

Market Data & Technology

ASX Opens Data Science Platform to Third Party Firms

07/09/2020

ASX DataSphere allows third-party firms to experiment with ASX and non-ASX datasets spanning fixed income, interest rates, derivatives, equities, and benchmarks.

Conduct, Culture & Accountability

MAS to Implement CMFAS Exam Changes in Q1 2020

07/09/2020

MAS is consulting on amendments to the FAA and SFA Notices to introduce provisions on ethics and skills into the existing CMFAS rules and regulations modules.

Market Abuse

SFC Seeks Damages for Tianhe Investors Over Defective Prospectus

07/09/2020

The SFC’s investigation revealed that about 53% of Tianhe’s total track record revenue disclosed in its 2014 IPO prospectus was overstated.

PEPs & Sanctions

Hong Kong Financial Firms Step Up Compliance Hiring – Report

07/09/2020

The demand for compliance staff has reportedly risen by a third in the past few months. Lawyers with sanctions expertise are in particularly high demand.

Credit Risk

RBI Issues Revised Priority Sector Lending Guidelines

07/09/2020

The new guidelines will boost credit availability for startups, renewable energy, health infrastructure, small farmers, and “identified districts” with low credit flows.

Trading & Investment

China to Expand Stock Connect, Deepen Reforms – Reports

07/09/2020

The scope of investment products foreign investors can trade via Stock Connect will be expanded, among other reforms, said the CSRC’s Fang Xinghai.

Climate Risk

NGFS Publishes Two-year Work Programme, New Charter

07/09/2020

A new NGFS workstream being created will identify missing data items needed for effective climate-related and environmental risk analysis.

Trading & Investment

DBS Launches SORA Business Property Mortgage Loan Package

06/09/2020

The package is tailored to allow SMEs to finance or refinance their commercial and industrial properties at more competitive rates.