Securities / Derivatives

HKEX to Launch ID-based Self-Match Prevention Service on 22 July

16/07/2024

The new “ID-based SMP” service will be available in the derivatives market from 22 July. An optional connectivity test will be provided on 20 July.

Fintech / Regtech

China Issues New Marketing Guidelines for Online Loans

16/07/2024

NIFA calls on FIs and third-party internet platforms to standardise their online loan marketing activities and abide by 19 measures set out in the guidelines.

Fintech / Regtech

Korea, Indonesia Sign Cross-border Payments MoU

16/07/2024

The MOU will support the implementation of cheaper, faster, more inclusive, and more transparent cross-border payments between the two countries.

Securities / Derivatives

Chinese Commodity Exchanges Lower Hedging Transaction Fees

16/07/2024

The SHFE and INE will halve their hedging transaction fees from 22 July, while the DCE will do so from 1 August.

Crypto / Digital Assets

World Bank Paper Explores Interoperability Between CBDC and FPS

16/07/2024

The paper says internal experimentation demonstrated how CBDC systems could interoperate with retail payment systems through an interlinking bridge.

China Calls on FIs to Boost Cross-Border Trade and Investment

16/07/2024

New guidelines from MOFCOM, PBOC, NFRA and SAFE call on FIs to provide greater support for foreign trade and investment activities.

Crypto / Digital Assets

Thai SEC Proposes New Requirements for Crypto Exchanges

16/07/2024

Digital asset exchanges will be required to establish and disclose rules regarding token listing, delisting, trading, clearing, settlement, and market making.

Enforcement

FSS Korea Launches Bank Inspections to Assess Lending

16/07/2024

The FSS will assess whether banks are managing loans appropriately and complying with the DSR limits and other regulations.

Enforcement

Former China Taiping Official Pleads Guilty on Bribery Charges

15/07/2024

Xiao Xing took CNY 81 million in bribes over more than 25 years while serving as a senior government official and as a senior executive at two state-owned insurers.