CBIRC Launches New Initiatives to Support SMEs, Rural Areas

12/04/2022

The CBIRC is encouraging banks and investment firms to explore new models of financing, where they provide both credit and direct investment to innovative firms.

Fintech / Regtech

Singapore Crypto Firms Offered Clarity on Advertising Ban

12/04/2022

Industry bodies have formed a task force to draft a code of practice to address issues around marketing and advertising of crypto services, as suggested by MAS.

Market Infrastructure

PBOC Unveils Draft Law to Establish Financial Stability Fund

10/04/2022

The law will support the establishment of a guarantee fund for financial stability, while also strengthening accountability for regulatory violations and improving protections for market entities.

Taiwan FSC Directs FIs to Protect Elderly Consumers

08/04/2022

FIs have been selling unsuitable products to elderly customers without conducting a proper risk assessment and sometimes categorising them as professional investors.

Market Infrastructure

China to Use ‘Social Credit’ Scores in Lending Market

07/04/2022

Authorities say they are seeking to use the social credit system to improve financing opportunities and increase lending to businesses and individuals.

ESG / Sustainability

Taiwan FSC Ramps Up Efforts to Promote Green Finance

06/04/2022

The FSC will encourage FIs to use their capital, investment and financing decision-making power to guide enterprises towards sustainable development.

Securities / Derivatives

CSRC Proposes Rule Amendments to Resolve US Audit Dispute

05/04/2022

The draft amendments will allow US regulators to inspect the audit working papers of Chinese companies listed in the US.

Fintech / Regtech

EU Lawmakers Vote to Adopt KYC Rules for Unhosted Crypto Wallets

04/04/2022

The European Parliament voted to adopt requirements for crypto firms to gather and verify personally identifiable information of users of unhosted crypto wallets.

ESG / Sustainability

ADGM to Launch Regulated Carbon Exchange and Clearinghouse

31/03/2022

ADGM will launch a carbon trading exchange and clearinghouse, offering trading in tokenised carbon credits, carbon credit futures and green energy contracts.