Market Infrastructure

China to Pilot Commercial Pensions to Supplement New Private Pension Scheme

03/12/2022

China launched its private pension scheme in 36 cities on 25 November. Commercial pension trials will start in 10 cities on 1 January.

ESG / Sustainability

ASIC Fines Vanguard Australia for ‘Greenwashing’ in Funds

02/12/2022

Vanguard’s exclusion was meant to prevent investment in companies that sell tobacco products, but its screen only excluded manufacturers and not sellers.

Market Infrastructure

CSRC Lifts Equity Financing Ban for Property Firms

02/12/2022

The CSRC is allowing listed developers to conduct equity financing, mergers and acquisitions, corporate restructurings, private share placements, and overseas fundraising.

Capital / Liquidity

APRA Pledges to Minimise Burden of New Data Collections

02/12/2022

APRA says it is committed to “early and frequent” engagement with the industry on its new data collections, what it calls a “co-design approach”.

Crypto / Digital Assets

DTCC Publishes Findings from Experimental CBDC Work

02/12/2022

The prototype developed was able to connect two distinct asset networks to enable “secure, resilient, and efficient security settlement with CBDC.”

Capital / Liquidity

BOJ Relaxes Terms of Securities Lending Facility

02/12/2022

The move is aimed at ensuring stability in the market and easing tight JGB liquidity in the repo market.

AML / KYC

Texas Unseals Charges Against 21 Crypto Money Launderers

02/12/2022

The 21 US citizens charged helped to move proceeds from US fraud victims to foreign criminal organisations using crypto.

Malaysia Revises Guidelines on VC and PE Investment

02/12/2022

The new guidelines will widen the investor base, increase funding for start-ups and MSMEs, and increase the vibrancy of Malaysia’s private markets.

Crypto / Digital Assets

RBI Launches Pilot to Test CBDC with Consumers, Merchants

02/12/2022

The participating banks are State Bank of India, ICICI Bank, Yes Bank, IDFC First Bank, Bank of Baroda, Union Bank of India, HDFC Bank and Kotak Mahindra Bank.