ESG / Sustainability

Taiwan Announces New Regulations Governing Carbon Fees

02/09/2024

Taiwan will launch a domestic carbon credit exchange platform in October; Carbon fee collection will commence in 2026.

Fintech / Regtech

KOFIA Introduces New Warning System for K-OTC Market

02/09/2024

The new system will warn investors when K-OTC stocks are exhibiting signs of market manipulation or abnormal price surges.

Sanctions

EU Asked to Impose Stronger Measures Against Sanctions Circumvention

02/09/2024

Josep Borrell also calls for stronger measures to prevent sanctions circumvention by EU companies, citing rising exports to “some states which are close to Russia”.

Sanctions

China Payments Becoming Increasingly Difficult for Russia

02/09/2024

Chinese banks are returning payments for goods already shipped; Chinese exporters asking for pre-payments; UAE banks rejecting payments for Russia-China trade.

China Issues New Rules on Management of Infrastructure Assets

02/09/2024

The rules prohibit municipal governments from “illegal and irregular borrowing” to support infrastructure assets that don’t generate revenue, and from increasing “hidden debts”.

Enforcement

China Extradites Crime Syndicate Ringleaders to South Korea

01/09/2024

The syndicate has been operating from China since 2017, using government impersonation scams to defraud almost 2,000 Koreans of $113mn.

Fintech / Regtech

JPX Launches New Data Portal to Facilitate Investor Decision-making

01/09/2024

The new “JPxData Portal” aims to make data on Japanese financial markets more accessible to both foreign and domestic investors.

Enforcement

UK Jails Members of Chinese Money Laundering Group

31/08/2024

A 12-year jail sentence was handed to the head of the group, which sold British pounds to UK university students to circumvent China’s foreign currency controls.

Securities / Derivatives

Korea to Set New Fee Distribution Standards for Securities Lending

31/08/2024

Securities firms will have to transparently disclose their fee structures to investors and link fee distribution to the revenues generated from securities lending.