Trading & Investment

Stock Connect to Include STAR Market Stocks from 1 February

24/01/2021

The corresponding H-shares will also be included in Southbound trading of Stock Connect, in addition to H-shares with corresponding A-shares listed in Shenzhen.

Fraud, Scams & Cybercrime

Hong Kong ICAC Charges Another in DBS L/C Fraud Case

23/01/2021

The construction company director conspired with other individuals to defraud DBS into issuing $75.3mn in L/Cs that had no genuine underlying transactions.

Tokenisation

SGX, Temasek Partner on Digital Asset Infrastructure in Capital Markets

23/01/2021

A new JV will use blockchain-based technologies to provide an issuance-to-settlement network for Asia bonds, funds and sustainable finance products.

PEPs & Sanctions

China Sanctions 28 Trump Officials as Biden Takes Office

21/01/2021

The 28 officials and their immediate family members will be barred from entering China, Hong Kong and Macao, and restricted from doing business with China.

Trading & Investment

NAFMII Punishes Bond Underwriters Over SOE Default

21/01/2021

The three banks failed to conduct proper due diligence and verify cash that appeared to be abnormally restricted when underwriting Yongcheng Coal’s bonds.

Trading & Investment

LME Proposes to Close Europe’s Last Open-outcry Trading Venue

21/01/2021

The LME’s trading ring has been used for metals trading since 1877. It’s temporary closure in March due to the Covid-19 pandemic may end up being permanent.

Credit Risk

RBA Report Contradicts Official Stance on Responsible Lending Laws

21/01/2021

An RBA internal report indicates that the absence of responsible lending laws could put borrowers at greater risk, particularly in a low interest rate environment.

Sustainable Finance

Malaysia Expands Sustainable Sukuk and Bonds Grant Scheme

21/01/2021

Eligible issuers can offset up to 90% of the external review costs incurred for the issuance of sustainable sukuk and bonds, subject to a maximum MYR 300,000 per issuance.

Trading & Investment

HKEX to Launch New Mini USD/CNH Futures Contract

21/01/2021

The new contract will cater to participants who prefer cash settlement and smaller contract sizes, such as medium-sized corporates and individuals.