Enforcement

Shanghai Court Settles China’s First Securities Class Action Lawsuit

28/12/2023

The court ordered Essence Information Technology to pay more than CNY 280 million to a total 7,195 investors.

Sanctions

Taiwan Expands Export Controls to Prevent Russian Use of High-Tech Goods

28/12/2023

Taiwan is expanding its export controls to take into account items found on the battlefield in Ukraine by international allies.

Sanctions

S. Korea Imposes Sanctions Against Eight North Koreans

28/12/2023

South Korea said the eight individuals generated income to support North Korea’s nuclear and missile programmes, including through illegal cyber activities.

Enforcement

Chinese Court Jails Ex-Chairman of New China Life Insurance

28/12/2023

Wan Feng exploited his official position and accepted bribes worth more than CNY 12 million between 1997 and 2018.

Crypto / Digital Assets

Korea to Boost Transparency of Crypto Holdings by Officials

28/12/2023

Members of the public will soon be able to access information on public officials’ crypto holdings via an electronic system.

Enforcement

SFC Suspends Former Licensed Rep Over Misuse of Client Account

28/12/2023

The former AE carried out personal trades in a client’s securities account and allowed a third party to operate the account without the client’s written authorisation.

Crypto / Digital Assets

Chinese Authorities Dismantle $2.2b Underground Banking Operation

27/12/2023

The operation involved the use of overseas crypto platforms to exchange foreign currency. 74 suspects were arrested and their electronic devices and bank cards seized.

Market Infrastructure

JBATA Publishes Feedback From Euroyen TIBOR Consultation

27/12/2023

Most respondents said “six months before the cessation date” is a desirable timing to cease entering into new Euroyen TIBOR contracts.

Enforcement

China Launches Probe into CDB for Suspected Price Manipulation

27/12/2023

NAFMII said it has information indicating China Development Bank improperly influenced market prices in its bond issuance and money market businesses.