China is investigating a senior official of the country’s chief securities regulator on allegations of violating the law, with local media linking the probe to approvals of company listings.
Financial Services Commission chairman Shin Je-yoon said raising funds via social network services or crowdfunding can turn venture ideas to actual businesses and is a necessary new source of funding.
Taiwan’s Financial Supervisory Commission said it will pick eight financial holding firms which it could build into regional players in Asia through the provision of regulatory incentives.
The China Securities Regulatory Commission said it has concluded drafting the rules for a new approval management system for initial public offerings in the country's bourses.
The Securities and Exchange Board of India said it plans to ask listed cash-rich companies to pay shareholder dividends, and adopt the practice as part of company policy.
Australian Securities and Investments Commission said it aims to develop innovative, digital financial product disclosures as part of a broader program to use new media to engage investors.
Hong Kong regulators have concluded their industry consultation on the record-keeping and reporting rules for over-the-counter derivatives, and noted that the reporting obligation for OTC will be implemented in phases.
China’s banking regulator has given the green light for more local governments to establish asset management firms that will handle bad loans owed by local governments and financial institutions.
Singapore Exchange (SGX) said it plans launch a trading platform for Asian corporate bonds by middle of next year, and has put up a new subsidiary to drive the initiative.
South Korea said it will increase the stock investment ceiling for the country’s postal services and allow local banks to invest more of their capital in the stock market in a bid to boost the local bourse.