Emerging Prudential Risks

PBOC Announces Stricter Asset Management Rules

02/05/2018

New rules include leverage limits, a ban on implicit guarantees, risk reserve provisioning amounting to 10% of management fees; transition period for full compliance to last until end-2020.

Structural Regulation

SEBI Extends Deadline for Monitoring Foreign Investment Limits

02/05/2018

Extension to give listed companies more time to provide data to depositories on foreign investment; data to enable daily calculation of foreign investment in listed companies.

Resolution & Recovery

Moody’s Places HK Banks on Review for Upgrade

01/05/2018

Hong Kong legislation enables authorities to achieve orderly resolution in the event of a bank failure and provides clarity on the effect on depositors and other creditors.

Market Abuse

Chinese Exchanges Toughen ‘Abnormal Trade’ Monitoring

01/05/2018

SZSE and SSE have strengthened rules for member firms on monitoring key accounts for abnormal trading and market manipulation.

Trading & Investment

China Securities Regulator Encourages Rental Property Securitisation

28/04/2018

CSRC says rental asset-backed REITs will allow property developers to raise funds, reduce leverage and diversify investment options.

Trading & Investment

Indian Exchanges Enable Retail Investment in Gov’t Securities

27/04/2018

BSE and NSE have launched online platforms for retail investors to participate in weekly RBI auctions for government securities and treasury bills.

Structural Regulation

HKEX Appoints Laura Cha as Chairman

27/04/2018

Industry veteran Laura Cha is first female chairman for a two-year term, subject to approval by chief executive Carrie Lam.

Trading & Investment

China Allows Domestic Investors to Buy Hong Kong Equity Research

26/04/2018

The CSRC has allowed certain types of Hong Kong brokerages to sell locally-focused research to Chinese mainland investors as it looks to further integrate the two markets.

Fraud, Scams & Cybercrime

Cambodia Warns Against Online Lending Firms

26/04/2018

Central bank says many online lending firms are not licensed, making the loans illegal.