Wu Qing, chairman of Shanghai Stock Exchange, calls for greater liberalisation; PBOC official says to consider lowering access thresholds.
Regulators will develop framework for supervising fund managers, share information and staff amid increasing capital market ties.
Corporate borrowers which do not satisfy LEI requirement will not be allowed any more credit amid continued efforts to clean up bad debt.
China has implemented rules governing money market fund valuations, liquidity and stable net asset value since last report.
Developers to conduct due diligence checks on sources of funding, buyers must use their own accounts to make property purchases in AML drive.
HKMA says audit functions must be separate from risk and compliance; will only allow outsourcing ‘under very limited circumstances’.
Individuals banned for six years after conviction for 1MDB-related bribe; former representative of BSI Bank faces lifetime ban.
Regulator says prime brokerage a growing revenue stream for institutions as Hong Kong’s asset management, hedge fund sectors expand.
Central bank says many firms representing as technology providers are in fact providing finance for clients who can’t access conventional resources.
Indonesian central bank says ‘financial innovation’ requires pre-approval; State Bank of Vietnam to pass law outlawing virtual currencies next year.