ESG / Sustainability

PBOC Preparing to Require Environmental Disclosures from FIs

03/08/2022

The PBOC plans to release standards for environmental information and carbon emissions disclosures, along with a roadmap for implementation.

Capital / Liquidity

CBIRC to Prioritise Bank Capital, Property Market in H2

03/08/2022

At a meeting last week, the CBIRC said it would focus its work on enhancing regional banks’ capital positions and ensuring the stability of the real estate market.

ESG / Sustainability

China Releases Domestically Unified Green Bond Principles

02/08/2022

The Principles will promote the unification of domestic green bond standards and integration with international green finance standards – including those from ICMA.

ESG / Sustainability

MAS Issues Sustainability Report, New Guidelines for ESG Funds

29/07/2022

The new guidelines will take effect from 1 January 2023, requiring fund managers in Singapore to disclose more information for any retail funds sold with ESG label.

AML / KYC

Taiwan Prohibits Credit Card Usage for Crypto Transactions

28/07/2022

Credit card companies that process payments for transactions involving virtual assets will have three months to stop.

Securities / Derivatives

China FIs Asked to Boost Bond Issuance by Private Enterprises

27/07/2022

Financial institutions are asked to support private enterprises by helping them to issue bonds and increasing their investments in such bonds.

​​PBOC Calls on Banks to Support Recovery of the Culture, Tourism Sectors

26/07/2022

Banks are asked to provide financial support to businesses in the culture and tourism sectors that have been severely impacted by the pandemic.

Securities / Derivatives

Shanghai, Shenzhen Issue Pilot Rules for Affordable Housing REITs

26/07/2022

New rules specify that proceeds raised from affordable housing REITs may not be used to finance commercial housing and commercial real estate development projects.

HSBC Forms CCP Unit in Mainland Subsidiary – Report

26/07/2022

Under Chinese law, all companies are required to have a CCP unit, but this has so far not been widely enforced at foreign financial firms.