Trading & Investment

Bloomberg, CFETS Jointly Launch CIBM-Direct RFQ Service

01/09/2020

The new electronic trading service further facilitates global investors’ access to trade onshore Chinese bonds with onshore market makers in the interbank market.

Tokenisation

SGX Completes Asia’s First Digital Syndicated Public Corporate Bond

01/09/2020

SGX’s vision is to fully digitalise the end-to-end corporate bond issuance and asset servicing process, according to senior managing director Lee Beng Hong.

Trading & Investment

US SEC Approves Rules to Allow Direct Listings on NYSE

31/08/2020

Direct listings allow private companies to raise money without going through the high IPO underwriting fees charged by investment banks.

Structural Regulation

CSRC Approves Daiwa for Majority Owned Securities Joint Venture

31/08/2020

Daiwa will own 51% of the securities joint venture through which it will be seeking licences to provide brokerage, investment banking, and securities underwriting services.

Trading & Investment

PBOC to Promote Interbank Repo Rates in Financial Products

31/08/2020

Interbank bond repo rates have been based on actual transactions for over 20 years, the PBOC said, pledging to enhance its benchmark interest rate system.

Trading & Investment

SGX, GF Securities to Jointly Promote Sino-Singapore Connectivity

31/08/2020

Under an MoU, GF Securities will promote SGX listed derivatives and securities including REITs and fixed income products to its clients.

CBDCs

BOK Seeks Consulting Partnership to Advance CBDC Work

31/08/2020

BOK is looking to partner with a local company to establish the system architecture for a CBDC to initiate a pilot test by end-2021.

Clearing & Post-Trade

ESMA Postpones CSDR’s Settlement Discipline Regime

31/08/2020

The regime was initially due to come into force from September 2020 before it was deferred to February 2021. The new effective date is 1 February 2022.

Credit Risk

BSP Proposes to Impose Cap on Credit Card Finance Charges

31/08/2020

The BSP says it is looking to impose a maximum finance charge equivalent to an effective annual interest rate of 24 percent for credit card cash advances and installment purchases.