Securities / Derivatives

SGX to Launch Single Stock Futures on 15 June

02/06/2020

SGX has observed greater synchronisation and correlation between the price of futures and the underlying stocks, indicating growing institutional participation across both markets.

Capital / Liquidity

Thailand: Parliament Approves $60b Covid-19 Aid Package

02/06/2020

The 1.9tr baht aid package includes additional liquidity for banks to lend to SMEs, and a corporate bond stabilisation fund to provide bridge financing to issuers.

ESG / Sustainability

HKEX Plans Introduction of New Exchange Traded Products – Report

02/06/2020

Under consideration are leveraged and inverse ETPs tracking A share indexes, fixed-income ETFs, sectoral and thematic ETFs backed by Chinese assets, and ESG themed ETPs.

Market Infrastructure

MEMX Sets Launch Date for New Equities Exchange

02/06/2020

Platform testing will begin on 29 June, followed by member certification and user acceptance tests, ahead of a 4 September launch date.

Securities / Derivatives

SEBI Panel Proposes Creation of ‘Social Stock Exchanges’

02/06/2020

Non-profit organisations should be allowed to directly list bonds on social stock exchanges housed within existing exchanges such as the BSE or NSE, the SEBI panel suggests.

Securities / Derivatives

China to Extend Interbank Bond Market Trading Hours – Report

01/06/2020

Trading on the interbank bond market will initially be extended to 8 pm local time from 5 pm currently, and will gradually cover global trading hours.

Securities / Derivatives

Credit Suisse Takes Control of China Securities JV

01/06/2020

The CSRC granted Credit Suisse approval to raise its shareholding in the joint venture in April, from 33.3% to 51%.

Market Infrastructure

BOJ, FSA Direct Financial Firms to Take Action on LIBOR Transition

01/06/2020

FIs are asked to take specific actions to prepare for the cessation of LIBOR, and to submit materials allowing the BOJ and FSA to review preparedness at individual firms.

Market Infrastructure

China Publishes Rules on Prime Broker Access to Interbank FX Market

01/06/2020

Foreign investors can apply to become prime brokerage clients to trade interbank FX forwards, swaps, and other FX derivatives to hedge interbank bond exposures.