Posts By Emma Zhou, Regulation Asia
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178ChinaCSRC Consults on Revised Mutual Funds Disclosure Rules
New guidelines aim to protect the interests of investors by improving the quality of and access to disclosures and increasing accountability in the asset management sector with regard to disclosures.
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305ChinaChina Issues New Rules for Foreign Financial Networks, Information Services
New regulations require overseas financial network and information services providers such as SWIFT to submit written reports to the PBOC.
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206ChinaChinese Bank Trials Blockchain-based Loan Issuance
Agricultural Bank of China has issued a ¥2mn loan backed by farmland from a Guizhou province branch; new system speeds up loan issuances and prevents fraud.
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1.1KFintech / RegtechBig Four to Pilot Blockchain-based Auditing in Taiwan
Deloitte, EY, KPMG and PwC will cooperate with a consortium of 20 banks to simplify the auditing process for public companies.
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232ChinaChina Publishes Draft Rules on Bank WMP Business
New rules are designed to standardise the sector including by strengthening supervision, preventing shadow banking risks, improving leverage controls and protecting investors' interests.
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229Fintech / RegtechHKMA to Launch Blockchain-based Trade Finance Platform by September
Platform will boost efficiency, lower costs and reduce fraud risks in trade finance for participating banks, which include HSBC, SCB, ANZ, BEA, DBS and Hang Seng.
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119IndiaIndia Proposes to Relax Payments Data Onshoring Rules
New proposal would allow international payments firms to store data offshore while only maintaining a copy in India, following lobbying effort by MasterCard, Visa and American Express.
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137Australia & NZFormer NAB Branch Manager Banned for Loan Fraud
ASIC investigation found the branch manager accepted false documents to support loan applications and falsely attributed loans to obtain undue commissions.
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176Securities & TradingFSC Eases Listings for Taiwan Owned Foreign Companies
New rules to attract overseas companies to list in Taiwan include the removal of a profitability requirement and a shortening of the FSC’s listing application review process.
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136Asia-PacificMyanmar Stock Market Starts to Open to Foreign Investors
Resident foreigners can invest in up to 35% of the share capital of YSX-listed companies from 1 August; plans to allow investment from overseas foreigners to be rolled out in due course.
