Bank of China Becomes First Asian Firm to Help Set London Gold Price

22/06/2015

Bank of China has been approved to participate in the London Bullion Market Association auction which sets the price of gold in the London market.

Securities / Derivatives

Malaysia Online Submission System to Shorten Time-to-Market for Financial Products

22/06/2015

Under Malaysia’s Securities Commission’s new framework wholesale products can be launched once the required information is lodged via its online submission system.

China Allows Provincial Regulators to Approve Asset-Backed Securities

20/06/2015

China has given powers to the provincial offices of its bank regulator to approve asset-backed securities in a bid to quicken the development of the securitisation market.

CIPS to Launch by Year-End

19/06/2015

The People’s Bank of China has issued a report on RMB internationalisation, which includes confirmation of the year-end launch of its new payments system.

Crypto / Digital Assets

Aussie Banks Test Digital Currency Ripple as New Payments Technology

19/06/2015

ANZ Bank and Westpac have joined Commonwealth Bank in testing new payments technology from US-based group Ripple Labs, representing a possible transformation of the payments industry.

Japan, China, U.S. Jointly Push FATF on Virtual Currency Regulation

18/06/2015

Financial authorities of Japan, the United States and China plan to establish joint regulations to prevent the use of virtual currencies to finance illegal activities such as terrorism.

India Allows Foreign Venture Funds to Register as Foreign Portfolio Investors

18/06/2015

The Securities and Exchange Board of India says Foreign Venture Capital Investors can be granted status as Foreign Portfolio Investors if they meet certain guidelines.

China Encourages Listing Asset-Backed Securities on Stock Exchange

18/06/2015

China will promote the listing of asset-backed securities on stock exchanges, according to a China Banking Regulatory Commission official.

Hong Kong Brokers to Directly Access London Stock Exchange

16/06/2015

The Securities and Futures Commission (SFC) has granted a licence to the London Stock Exchange (LSE) to accept Hong Kong financial firms as exchange members.