Sustainable Finance

China: Clean Coal Projects No Longer Eligible for Green Bond Financing

02/06/2020

The removal of clean coal from the list of eligible projects will make it easier for foreign investors to play a greater role in China’s sustainable debt market.

Market Abuse

Singapore Authorities Commence Joint Investigation Into Hyflux

02/06/2020

Water treatment firm Hyflux entered the limelight in 2018 when it tried to restructure nearly S$3bn in debt. The company is suspected of breaching disclosure and accounting rules.

Liquidity Risk

PBOC to Buy Bank Loans Under Zero Interest Repo Terms

02/06/2020

The move is aimed at freeing up liquidity at smaller banks in the hope of spurring an additional 1tr yuan in lending to small and micro enterprises.

Trading & Investment

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.

Liquidity Risk

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.

Trading & Investment

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.

Trading & Investment

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.

Trading & Investment

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.

Trading & Investment

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.