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.

Securities / Derivatives

NSE Raises Margins on Futures, Options with High Open Interest

29/04/2019

The National Stock Exchange of India has raised trading margins required for stock futures and options by up to 300%, depending on market wide position limits.

Market Infrastructure

RBI Extends LEI Deadlines for Non-Derivative Market Participants

29/04/2019

Participants in government securities, money markets and non-derivative forex markets will have until the end of this year to obtain LEIs.