ESG / Sustainability

China Designates 18 ‘Gatekeepers’ for Green Bond Market

02/10/2022

The 18 firms, which include PwC, EY and Morningstar’s China units, will be responsible for evaluating and certifying green bonds and help to prevent greenwashing.

AML / KYC

China to Strengthen ‘Controllable Anonymity’ Feature of e-CNY

30/09/2022

Twenty defendants have been arrested on suspicion of illegal business activity and money laundering using the e-CNY.

Enforcement

China to Increase Penalties for Breaches of Cybersecurity Law

24/09/2022

Operators of critical information infrastructure using products or services that have not undergone security evaluations will face fines of up to 5 percent of annual revenue.

AML / KYC

Taiwan Launches Early Warning System to Combat Fraud

18/09/2022

Banks are required to apply additional scrutiny of overseas transfers requested by customers via bank counters, to ensure the transaction is not the result of a fraud attempt.

Market Infrastructure

CBIRC Directed to Align With Communist Party Objectives

17/09/2022

A CBIRC circular outlines the measures it will take to align with CCP objectives, following inspections on the regulator carried out last year.

China to Pilot Financial Services Using Railway Transport Documentation

11/09/2022

Banks in five cities will pilot the use of railway transport documentation to offer financial services to foreign trade enterprises.

AML / KYC

China Passes Law to Combat Telecom and Online Fraud

07/09/2022

The law imposes an obligation on telecom companies and banks to help hunt down fraudsters, and requires the establishment of a risk information sharing mechanism.

Market Infrastructure

CSRC to Accelerate Work on Overseas Listing Framework

05/09/2022

The CSRC will push forward legislation to enact new overseas listing rules, and support the establishment of a new registration system for Chinese firms seeking foreign IPOs.

ESG / Sustainability

Taiwan FSC Announces Measures to Enhance Capital Markets

05/09/2022

The measures include an ESG information platform for listed companies and enhancements to TAIFEX’s new OTC derivatives clearing service.