Securities / Derivatives

CSRC to Optimise Classification System for Securities Firms

25/05/2020

The changes are aimed at ensuring the classification system encourages firms to maintain focus on risk management capabilities and continuous compliance.

Securities / Derivatives

Taiwan Considers Establishing New Market for SMEs

25/05/2020

Only professional investors would be allowed to buy or sell shares on the new platform, which would be independent of Taiwan’s other fundraising markets.

Securities / Derivatives

Australian Treasury Bans ‘Conflicted’ Commissions Paid on LICs

24/05/2020

Fund managers will be barred from paying fees to financial advisers and stockbrokers for selling listed investment companies and trusts.

Market Infrastructure

Hong Kong: National Security Law Expected to Cause Capital Flight

24/05/2020

Bankers are reportedly receiving requests to activate plans to withdraw assets from Hong Kong in light of Beijing’s plan to impose national security legislation in Hong Kong.

Enforcement

CSRC Accuses Guangdong Fund Manager of Lying to Investors

24/05/2020

Guangdong-based Cornerstone Management reportedly lost 70% in two funds after promising a minimum 8% annual return.

Capital / Liquidity

RBI Cuts Interest Rate Again, Extends Debt Moratorium

24/05/2020

The RBI has also increased the large exposures cap for banks from 25% to 30% and granted FPIs three more months to comply with requirements under the voluntary retention route.

Securities / Derivatives

SFC to Allow Leveraged, Inverse ETFs Tracking Mainland Indices

24/05/2020

The SFC is prepared to initially only accept ‘swap-based’ L&I products tracking Mainland equity indices, with a leverage factor up to 2x, or negative 1x for inverse products.

Capital / Liquidity

BOJ Targets Small Businesses with New Lending Facility

24/05/2020

The 30tr yen facility will provide lending to businesses with interest-free funding, while paying a positive 0.1% interest on the amounts they lend to businesses.

Securities / Derivatives

SEBI Allows Debt Funds to Increase Exposure to G-Secs

23/05/2020

The flexibility has been granted for three months to ensure adequate liquidity in corporate bond funds, banking & PSU debt funds, and credit risk funds.