Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
AML / KYC
Wolfsberg Group Updates Payment Transparency Standards
25/10/2023
The updated Standards support the use of the LEI in global payments, which GLEIF welcomed as a “strong endorsement”.
Securities / Derivatives
MAS to Streamline Regulatory Regime for Fund Managers
24/10/2023
The RFMCs regime will be repealed. Existing RFMCs will transition to become Licensed Fund Management Companies instead.
Enforcement
China’s Foxconn Investigation Making Investors Uneasy – Reports
24/10/2023
Reports suggest the investigation is politically motivated, because Foxconn founder Terry Gou is seeking Taiwan’s presidency.
Securities / Derivatives
Zhengzhou Exchange Launches Six New Commodity Options
24/10/2023
ZCE started trading options contracts staple fiber, soda ash, apples, manganese silicon, ferrosilicon and urea.
Crypto / Digital Assets
SG Court Allows Attaching of Tokenised Freeze Order to Crypto Wallets
24/10/2023
A court-issued freeze order was tokenised as NFTs and attached to wallets linked to a crypto hack.
Securities / Derivatives
CSRC Proposes Measures to Boost Dividend Payouts to Investors
24/10/2023
Listed companies are asked to increase their dividend payout ratios, increase the frequency of dividends, and avoid paying “abnormally high” dividends.
Securities / Derivatives
SEBI Offers Large Corporates Incentives to Issue Bonds
24/10/2023
Large corporates that raise more than 25 percent of their borrowing through debt securities will have to pay lower listing fees and Core SGF contributions.
Securities / Derivatives
China State Fund Buys ETFs to Support Stock Market
24/10/2023
State-controlled Central Huijin Investment did not disclose how much it invested in ETFs. Brokers estimate the amount around CNY 10 billion.
Enforcement
China: Former Stock Exchange Official Facing Bribery Prosecution
24/10/2023
Authorities said the former deputy general manager “still did not restrain himself” after the 19th and 20th National Congress, despite the high-pressure anti-corruption campaign.
Enforcement
Top Kakao Executive Arrested on Stock Manipulation Charges
24/10/2023
The investigation into Kakao and its top executives began in February. The company’s CIO was arrested due to concerns that he may flee or tamper with evidence.
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