Market Infrastructure

RBI Publishes Payment Systems Benchmarking Report

06/06/2019

Further efforts are needed to reduce paper clearing  and improve acceptance infrastructure (e.g. PoS devices) to enhance digital payments.

Securities / Derivatives

Macau Explores Establishment of Securities Market

06/06/2019

The move will help Macau diversify away from gaming as its main source of revenue, and align the territory with China’s plans for the Greater Bay Area.

Securities / Derivatives

SSE Approves First Three Companies to List on New Tech Board

06/06/2019

The three companies are among 117 that have so far applied for a listing. The three will now have to file listing registrations with the CSRC.

Market Infrastructure

Huatai Confirms Intention to Float London Depositary Receipts

06/06/2019

Huatai Securities reconfirming its intention to list depositary receipts on the LSE signals that the issues that delayed the Shanghai-London Stock Connect may now be resolved.

Market Infrastructure

Project Stella: DLT Can Improve Cross-Border Payment Security

06/06/2019

The BOJ-ECB phase three study says DLT can improve security in cross-border payments by using payment methods that synchronise payments and lock funds along the payment chain.

Securities / Derivatives

Philippine Bourse Rolls Out Online IPO Subscription Platform

05/06/2019

The new platform allows local small investors to subscribe to IPOs online. Previously, they had to file IPO subscription forms at designated mall kiosks.

Enforcement

Taiwan FSC Raises Penalties for Illegal Investment from China

05/06/2019

Chinese investors who buy shares of Taiwan listed companies without authorisation will be fined based on their investment amount. The maximum fine is now TWD 25 million.

Fintech / Regtech

FSC Korea to Launch Open Data Infrastructure to Facilitate Innovation

05/06/2019

A new open data system will start providing anonymised credit information of two million people as sample data in June; and next year a financial data exchange will be launched.

Market Infrastructure

FSB Consults on Measures to Improve G-SIB Resolvability

05/06/2019

Two discussion paper have been issued, one on public disclosures of information on resolution planning and resolvability, the other on winding down large derivatives portfolios.