The cut is expected to free up 900 billion yuan in banking system liquidity for use in small and private enterprise lending.
Banks must link interest rates for retail and micro and small enterprise loans to the RBI's benchmark repo rate, the 3- or 6-month treasury yield, or any other FIBIL benchmark.
Citic Securities, Huatai Securities and China Merchants Securities are allowed to conduct interbank forex business both on a proprietary basis and on behalf of clients.
Derivatives trading was suspended on Thursday due to software issues in HKEX’s vendor supplied trading system, which "have now been isolated".
The move is part of a broader crackdown on irregular practices and risks in the P2P sector, and will provide greater protection to investors in online lending platforms.
Institutional investors will be exempt from disclosing major shareholding changes when exercising their rights to remove law-breaking executives or to push for improved governance.
The task force recommends easing rules for loan asset securitisation, and to allow secondary market participation from funds and insurers.
The project aims to reduce the documentary procedures required in processes related to share issuances and offerings, securities registration, settlement and delivery, and KYC.
The State Bank of Vietnam has issued a circular outlining seven conditions under which it will impose ‘special control’ over credit institutions.
Companies will no longer be required to have three years of consecutive profits to list on the main board of the Colombo Stock Exchange.