New Zealand and Myanmar to join AIIB

16/06/2015

New Zealand and Myanmar will be members of the Asian Infrastructure Investment Bank, slated to begin operations later this year.

China Changes Property Law to Allow Setting Up of REITs

15/06/2015

The China Securities Regulatory Commission has granted approval for the first public sale of units by a real estate investment trust (REIT).

China Revises Margin Trading and Short-Selling Rules

15/06/2015

The China Securities Regulatory Commission is proposing a ceiling on margin trading at brokerages and for existing margin trade contracts to be rolled over.

Hong Kong Extends Tax Exemption for Offshore Funds

13/06/2015

The Hong Kong Government has extended its offshore funds tax exemption, allowing investments in private companies to qualify and loosening other restrictions.

Securities / Derivatives

Pakistan Approves Sharia Advisory Board for Islamic Finance

13/06/2015

The Securities and Exchange Commission of Pakistan has approved a four-member sharia advisory board to oversee Islamic financial products in the country.

MSCI and China Securities Regulator to Form Working Group

12/06/2015

MSCI is seeking the formation of a working group with the China Securities Regulatory Commission to accelerate the timeline for including mainland stocks in global benchmark indices.

Chinese Banks to Issue Interbank CDs to Foreign Financial Institutions

12/06/2015

Chinese banks are set to issue interbank certificates of deposit to foreign financial institutions inside the Shanghai Free Trade Zone.

Securities / Derivatives

Sri Lanka Banks Select Wolters Kluwer Reporting Solution

12/06/2015

Commercial Bank of Ceylon and Hatton National Bank will become the first banks in Sri Lanka to become compliant with International Financial Reporting Standards.

RBI Announces New Debt Restructuring Measures to Help Banks Tackle Bad Debt

11/06/2015

The Reserve Bank of India announces a new scheme to help banks deal with their mountains of bad debt.