Fraud, Scams & Cybercrime

China: Two Former P2P Lending Executives Jailed for 20 Years

03/01/2023

Two executives of now-defunct Tuandai.com were convicted for fundraising fraud and illegal collection of public deposits, among other charges.

Tokenisation

China Launching National Digital Assets Platform

03/01/2023

The platform will allow users to register, store and protect intellectual property rights and digital collectibles.

Trading & Investment

Shanghai Bourse Launches New Trading Supervision System

03/01/2023

The new system can process more than 500,000 transactions per second in real-time. New issuance underwriting and offline IPO systems also launched.

Trading & Investment

China Extends Trading Hours of Onshore Yuan Market

03/01/2023

The move will provide greater convenience for global investors and enhance the attractiveness of yuan-denominated assets, the PBOC said.

Market Abuse

Singapore Imposes 36-Year Jail Sentence for Market Manipulation

03/01/2023

John Soh Chee Wen and Quah Su-Ling were sentenced to 36 and 20 years in jail, respectively, for manipulating three penny stocks ten years ago.

Trading & Investment

SEBI to Review Fees and Expenses Charged by Mutual Funds

03/01/2023

SEBI will review existing regulatory provisions and market practices applicable to mutual fund fees and expenses and consider appropriate policy measures.

Stablecoins

Japan Relaxing Rules on Stablecoins, Token Listings

03/01/2023

FSA proposes to allow crypto firms to handle transactions using foreign issued stablecoins. The JVCEA has relaxed its token listing rules.

Supervision & Enforcement

CBIRC Revises Rating System for Foreign Bank Branches

03/01/2023

The new framework increases the weighting on compliance, and includes point deductions for mismanagement and increases in business risk.

Trading & Investment

Dalian Exchange Opens Soy Derivatives to Foreign Traders

03/01/2023

Foreign investors can trade futures and options in No 1 Soybean, No 2 Soybean, Soybean meal, and Soybean oil.