Securities / Derivatives

CSRC Releases Legislative Work Plan for 2024

15/04/2024

The legislative agenda includes plans to revise the CSRC’s rules for private funds, REITs, and securities and futures firms, including in relation to information tecchnology.

ESG / Sustainability

Temasek, UBS, DBS Launch Philanthropy Matching Platform

15/04/2024

The “Co-Axis” platform connects funders such as family offices with early-stage businesses, charitable organisations, and blended finance projects.

Sanctions

G7 Considers Sanctions Response to Iran Attack on Israel

15/04/2024

The sanctions may involve designating Iran’s IRGC as a terrorist organisation, and specific sanctions against drone and missile programmes.

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.