PEPs & Sanctions

US and EU Announce New Sanctions Targeting Hamas

15/04/2024

The US targeted leaders of Hamas cyber and drone operations. The EU targeted three entities linked to human rights abuses.

Market Data & Technology

Data Dissemination Arrangements Adjusted for Stock Connect

14/04/2024

HKEX will no longer disclose real-time buy and sell transaction amounts and total transaction volume for Northbound trading.

PEPs & Sanctions

US Treasury Proposes Enhancement to CFIUS Powers

14/04/2024

CFIUS would be able to more easily subpoena and demand information from companies involved in corporate acquisitions, including third parties.

PEPs & Sanctions

EU Council Approves Law Criminalising Sanctions Violations

14/04/2024

It will be a criminal offence in all member states to help someone bypass a travel ban  or trade in sanctioned goods.

Conduct, Culture & Accountability

China: Fund Managers Consider New Salary Caps – Reports

13/04/2024

Several fund managers proposed a CNY 3 million (USD 415,000) cap on staff salaries. The proposed caps are still subject to change.

PEPs & Sanctions

LME, CME Barred from Accepting Three Key Russian Metals

12/04/2024

The LME and CME can no longer accept new aluminum, copper, and nickel produced by Russia. Existing stocks are exempt from the ban.

Anti-Bribery & Corruption

Former China Everbright Chairman Charged for Bribery

12/04/2024

Tang Shuangning was one of China’s most influential business leaders from 2007 to 2017 in his role as chairman of China Everbright Group.

PEPs & Sanctions

US Adds 11 Entities to Entity List, Including 6 Chinese Firms

12/04/2024

One of the entities was “working as a part of a network” with three Russian firms to procure aerospace components for Iran.

Clearing & Post-Trade

SFC Reviewing HKEX Proposal to Enhance Clearing Flexibility

12/04/2024

HKEX enhanced its third party clearing arrangements for futures trades in 2022. A proposal submitted to the SFC would do the same for stock and options trades.