Sanctions

US and EU Announce New Sanctions Targeting Hamas

15/04/2024

The US targeted leaders of Hamas cyber and drone operations. The EU targeted three entities linked to human rights abuses.

Market Infrastructure

Data Dissemination Arrangements Adjusted for Stock Connect

14/04/2024

HKEX will no longer disclose real-time buy and sell transaction amounts and total transaction volume for Northbound trading.

Sanctions

US Treasury Proposes Enhancement to CFIUS Powers

14/04/2024

CFIUS would be able to more easily subpoena and demand information from companies involved in corporate acquisitions, including third parties.

Sanctions

EU Council Approves Law Criminalising Sanctions Violations

14/04/2024

It will be a criminal offence in all member states to help someone bypass a travel ban  or trade in sanctioned goods.

Securities / Derivatives

China: Fund Managers Consider New Salary Caps – Reports

13/04/2024

Several fund managers proposed a CNY 3 million (USD 415,000) cap on staff salaries. The proposed caps are still subject to change.

Sanctions

LME, CME Barred from Accepting Three Key Russian Metals

12/04/2024

The LME and CME can no longer accept new aluminum, copper, and nickel produced by Russia. Existing stocks are exempt from the ban.

Enforcement

Former China Everbright Chairman Charged for Bribery

12/04/2024

Tang Shuangning was one of China’s most influential business leaders from 2007 to 2017 in his role as chairman of China Everbright Group.

Sanctions

US Adds 11 Entities to Entity List, Including 6 Chinese Firms

12/04/2024

One of the entities was “working as a part of a network” with three Russian firms to procure aerospace components for Iran.

Securities / Derivatives

SFC Reviewing HKEX Proposal to Enhance Clearing Flexibility

12/04/2024

HKEX enhanced its third party clearing arrangements for futures trades in 2022. A proposal submitted to the SFC would do the same for stock and options trades.