Securities / Derivatives

China to Continue Tax Exemptions for Foreign Bond Investors

31/10/2021

Exemptions from corporate income tax and value-added tax due to expire on 6 November will be extended until 31 December 2025.

Crypto / Digital Assets

Tokyo Court Confirms $9bn Plan to Repay Mt Gox Creditors

30/10/2021

The rehabilitation plan will lead to the distribution of more than $9bn to investors who lost bitcoins when Mt Gox closed more than seven years ago.

Securities / Derivatives

HKMA, SFC Direct Intermediaries to Improve Client Trade Practices

30/10/2021

Intermediaries have been required to undertake remedial action to address non-compliance with transaction-related disclosure requirements.

Enforcement

CBIRC Shanghai Launches Crackdown on Coal Price Speculation

29/10/2021

The CBIRC’s Shanghai bureau has banned the use of bank and insurance funds to influence the commodity market, as China faces nationwide power shortages.

Crypto / Digital Assets

ASIC Issues Guidance on Crypto-asset Investment Products

29/10/2021

ASIC says it has introduced a new ‘crypto-asset’ category in the licensing application for responsible entities.

Securities / Derivatives

SFC Finalises Changes to Code on Pooled Retirement Funds

29/10/2021

The amendments include enhanced requirements for PRF operators including product providers, trustees, management companies and insurance companies.

Market Infrastructure

Refinitiv Launches New Versions of Tokyo Swap Rate

28/10/2021

The new versions of the Tokyo Swap Rate are designed to support the transition away from LIBOR and the adoption of new market conventions.

Fintech / Regtech

PBOC Issues Guidance on Using Open Source Technology

28/10/2021

FIs are encouraged to actively participate in the development of “international and domestic” open source technology communities.

Capital / Liquidity

BOT Relaxes Mortgage Lending Rules to Boost Property Market

28/10/2021

The BOT is allowing LTV ratios of up to 110 percent, including top-up loans for home decoration, for first homes priced below THB 10 million.