Securities / Derivatives

MPF Needs Greater Access to China Markets – HKIFA

24/04/2019

Hong Kong fund managers are asking for Shanghai and Shenzhen to be included in the list of overseas markets approved for MPF investment.

AML / KYC

SFC Imposes 10-Month Ban on Former Guosen Exec

24/04/2019

The 10-month ban on Su Xiqiang, former head of Guosen’s retail brokerage, was a result of improper handling of third-party fund deposits, and a lack of AML controls.

Enforcement

Goldman, Gao Hua Securities Agree to $22.3m CSRC Settlement

24/04/2019

Goldman Sachs and its Chinese partner Gao Hua Securities have agreed to an administrative settlement of 150 million yuan for internal control breaches.

Market Infrastructure

Technology to ‘Transform’ a Third of Singapore Finance Jobs – Study

24/04/2019

The main effect of technology will be to “transform” jobs in the financial industry, rather than create or destroy them, says an EY study commissioned by MAS and IBF.

Market Infrastructure

China, Japan Sign Agreement to Facilitate ETF Cross-Listings

23/04/2019

The Shanghai Stock Exchange and Japan Exchange Group have signed an ETF Connectivity Agreement to streamline investment in the each other’s markets.

Securities / Derivatives

Seven Funds Get CSRC Approval for Shanghai Sci-Tech Board

23/04/2019

The first seven funds have been approved by the CSRC to invest in stocks on Shanghai’s new science and technology innovation board.

Market Infrastructure

China Delays Data-Onshoring Rules Until After US Trade Talks

23/04/2019

China’s Cyber Security Law requires firms to keep personal and ‘important data’ onshore, but uncertainties around the rules and implementation timeline remain.

Big Picture

Central Banks Call for Collective Action to Mitigate Climate Risks

23/04/2019

The Central Banks and Supervisors ‘Network for Greening the Financial System’ has published a report providing recommendations to mitigate climate-related financial risks.

Crypto / Digital Assets

Korean FIs Should Strengthen Ties with ASEAN Countries – FSS

22/04/2019

FSS first senior deputy governor Yoo Kwang-yeol in a closed door meeting told Korean financial institutions with units in Southeast Asian countries to offer more localised financial services.