Securities / Derivatives

China to Grant More Foreign Firms Majority Ownership in Securities

28/01/2019

“In the next six months you will see more licences being granted,” CSRC vice chairman Fang Xinghai told Bloomberg on the the sidelines of the World Economic Forum in Davos.

Market Infrastructure

ICE White Paper Introduces New LIBOR Alternative

28/01/2019

The ‘US Dollar ICE Bank Yield Index’ is fully transaction-based and designed to measure the yields at which investors are willing to invest US dollar funds on a wholesale, unsecured basis.

Capital / Liquidity

PBOC Enhances Liquidity Support for New Perpetual Bond Market

28/01/2019

Perpetual bonds can be swapped for central bank bills and serve as eligible collateral for PBOC lending. Bank of China issuance was more than 2x oversubscribed.

Enforcement

Vietnam’s SSC to Beef up Handling of Stock Market Violations

25/01/2019

The SSC is coordinating with Vietnam’s Ministry of Public Securities to ensure violators face criminal charges in addition to the existing administrative sanctioning regime.

Securities / Derivatives

Korea Exchange Seeks Power to Cancel Error Stock Trades

25/01/2019

KRX is seeking new powers that will allow it to intervene to cancel stock trading orders made in error to better guarantee market stability and protect investors.

Market Infrastructure

New Zealand FMA, NZX To Undertake Capital Markets Review

25/01/2019

An industry working group established by the NZX and FMA and supported by EY will provide recommendations to increase the depth and attractiveness of New Zealand’s capital markets.

Market Infrastructure

China Approves Plan for New ‘Nasdaq-Style’ Tech Board in Shanghai

25/01/2019

Authorities have reportedly already approached potential IPO candidates for the SSE’s new science and technology board. Draft listing rules are expected as early as this month.

Market Infrastructure

BIS Research Unit Offers Recommendations for Capital Market Development

24/01/2019

The report highlights the importance of macroeconomic stability, market autonomy, strong legal frameworks and effective regulatory regimes in supporting capital market development.

Market Infrastructure

UPDATED – S. Korean to Change COFIX Calculation Starting in July

24/01/2019

Bank lending rates should fall by about 0.27% under the new COFIX. The change in calculation is credit negative for Korean banks, says Moody’s.