Crypto / Digital Assets

S. Korea Seeks Lower Barriers for Retail Investment in Derivatives

30/04/2019

The KRX seeks to reduce the minimum account size required to open a derivatives trading account, and to ease compulsory training requirements for retail investors.

Enforcement

New Zealand Proposes Ways to Improve Banking Conduct, Culture

30/04/2019

The proposed measures will put the consumer at the heart of decision-making and make good outcomes the bottom line, says Commerce and Consumer Affairs Minister Kris Faafoi.

Market Infrastructure

China Allows Payment Firms to Offer Cross-Border Services

30/04/2019

China’s State Administration of Foreign Exchange is allowing payment providers to offer cross-border services for e-commerce settlement, electronic payments and foreign exchange.

Market Infrastructure

Singapore’s NETS to Co-Develop QR Payment System in Myanmar

30/04/2019

Singapore payment services provider NETS Group is helping the Myanmar Payment Union develop a unified e-payment system modelled after the SGQR.

Enforcement

Chinese Fund Management Group Faces Police Investigation

30/04/2019

Jay Wei, chairman of JC Group, which controls multiple fund management units, is being investigated by Chinese police for potentially illegal multi-billion-dollar fundraising activities.

Securities / Derivatives

India Opens Foreign Investor Access to Municipal Bonds Market

29/04/2019

The RBI has extended the 2% cap on foreign investment in state development loans to also be allocated to municipal bonds.

Capital / Liquidity

SEBI Cuts Net Worth Requirements for Gift City Clearing Corporations

29/04/2019

SEBI slashes minimum net worth requirements for clearing corporations operating in India’s international financial services centre from 3 billion to 1 billion rupees.

Market Infrastructure

SGX, UOB Sign Pact to Help Chinese Firms Expand in ASEAN

29/04/2019

Chinese firms will be able to leverage SGX and UOB’s infrastructure, expertise and networks to expand into Singapore and other ASEAN nations.

Market Infrastructure

China National Credit System to Include Foreign Data

29/04/2019

Foreign workers in China will be required to submit their personal credit information, including from activities in other countries, to the national credit system in order to obtain loans.