China’s National Development and Reform Commission says it will further develop the bond market using initiatives to boost debt funding for infrastructure projects which will also server to boost the economy.
China’s Ministry of Finance has granted "bad bank" licences to three asset management companies (AMCs) allowing them to buy non-financial distressed assets from corporates directly.
Banks should be cautious expanding their business and avoid over-reliance on wholesale funding, according to a white paper by Wolters Kluwer Financial Services.
The Australian Securities and Investments Commission is being urged to crack down on the disclosure of fees by private equity firms amid fears local super funds and investors are being overcharged.
The draft rules will prevent users from transferring funds to other users' bank accounts, cap the size of daily transactions and increase identification requirements.
The State Bank of Vietnam has issued new rules on debt trading which is expected to encourage foreign investors to buy non-performing loans from local financial institutions.
SFC fines BNP Paribas HK$15m for failing to properly prioritise client orders in matching and obtain their consent in relation to its dark liquidity pool trading services.
Chinese regulators have restricted short selling of stocks in their latest step to stabilise the equity market and reduce volatility.
China will allow overseas investors to trade select domestic commodity futures using foreign currencies for settlement as it seeks greater influence over raw material prices.
SBI's Hong Kong branch fined HK$7.5 million for breaching anti money-laundering and counter terrorism financing rules.