Capital / Liquidity

China Prepares to Bail Out State-owned Enterprises, Banks

27/07/2020

State-owned China Reform Holdings has set up a bailout fund to help ensure SOEs can avoid bond defaults. Meanwhile, 18 provincial governments have approval to inject capital into banks.

Fintech / Regtech

HKMA Asks Banks to Participate in KPMG Regtech Stocktake

27/07/2020

HKMA has appointed KPMG as an external consultant to conduct surveys and interviews with banks and technology firms on Regtech development in Hong Kong.

Capital / Liquidity

Bangladesh Bank Spares No Effort to Boost CMSME Lending

27/07/2020

In the past week, the central bank has sharply eased loan classification and provisioning rules, and offered credit guarantees, to try and address an unwillingness among banks to lend to small businesses.

Securities / Derivatives

China: NEEQ Launches ‘Select Tier’, Most Stocks End Lower

27/07/2020

By the end of first day’s trading, about two-thirds of the 32 stocks launched on the new ‘Select Tier’ closed below their initial offering prices.

Fintech / Regtech

FSC Korea to Overhaul Digital Finance Regulations – Report

27/07/2020

Mobile payment service providers will be allowed to offer deferred payment services, issue payment accounts to users, and enable larger transaction limits.

IBF-MAS Initiative to Enhance Capabilities of Family Office Advisors

27/07/2020

A newly launched skills map for family office advisors will help them to deepen their skillsets, expand their career pathways, and enhance Singapore’s family office ecosystem.

Capital / Liquidity

RBI Warns of Rising Bad Loans, While Urging Against Risk Aversion

27/07/2020

In a ‘very severe shock’ scenario, 23 banks would fail to maintain the 9% capital-to-risk weighted assets ratio, and the NPA ratio would reach 14.7%.

Market Infrastructure

CBIRC to Delegate Insurance Supervision to Local Authorities

27/07/2020

Local authorities will assume regulatory responsibilities over 64 property insurers, while the CBIRC will retain oversight for the 36 larger institutions.

Market Infrastructure

PBOC to Punish Banks Based on Green Finance Performance

27/07/2020

The PBOC’s branches will grade banks on their green finance performance quarterly starting in January 2021, using a set of quantitative and qualitative indicators.