Market Infrastructure

US-China Talks on Audit Cooperation in ‘Late Stage’ – Reports

08/05/2022

The talks are described as “late stage” due to concessions made by the CSRC. The SEC has added over 80 more companies to a list of Chinese firms that could be delisted in New York.

Securities / Derivatives

China Announces Planned Measures to Boost Capital Market

08/05/2022

The CSRC and stock exchanges will support fundraising by SMEs and real estate firms, and encourage listed companies, their shareholders, and institutional investors to buy more stock.

Market Infrastructure

PBOC, CBIRC Pledge to Support Growth of Real Estate, Tech Sectors

06/05/2022

The pledge signals an easing of the year-long crackdown in the tech sector, and a move away from restrictive lending to the property sector.

CBIRC Revises Internal Control Rules for Wealth Management Firms

06/05/2022

The draft rules leverage good regulatory practices from the asset management industry both domestically and overseas, the CBIRC says.

Securities / Derivatives

CSRC Set Out Regulatory Obligations of Delisted Companies

05/05/2022

Companies must comply with disclosure and governance requirements after delisting to protect investors rights and safeguard social stability.

Crypto / Digital Assets

Hangzhou Court Delivers China’s First NFT-related Judgment

01/05/2022

The court penalised an NFT marketplace for failing to subject an artwork to review and meet its obligations to protect against intellectual property theft.

Taiwan FSC Revised Eligibility Criteria for Bank Branch Openings

30/04/2022

Based on an average pre-tax return requirement, a total of 12 banks and 20 credit cooperatives are eligible to apply to open a new branch office in 2022.

Enforcement

​CBIRC Works to Resolve Unpaid Balances from P2P Crackdown

30/04/2022

The CBIRC said it will continue to pursue now-closed P2P lending platforms as well as their owners and executives through the court system for losses suffered by investors.

ESG / Sustainability

Taiwan Adopts Equator Principles in Credit Guidelines for Banks

29/04/2022

The move is aimed at standardising the key principles banks follow when handling large-scale project financing cases involving environmental and social risks.