Crypto / Digital Assets

Hackers Steal $200m from Mixin in 2023’s Biggest Crypto Hack

27/09/2023

Mixin has since offered the attacker a $20mn “BUG Bounty Reward” for the return of its users’ funds, and that the losses may not be as significant as initial estimates.

Big Picture

FIA Publishes Best Practices for Designing Volatility Control Mechanisms

27/09/2023

The paper presents best practices for ensuring derivatives exchange VCMs protect against disruptive activity while also facilitating genuine price discovery.

Fintech / Regtech

HKMA Pushes for Greater Use of FPS for Business Payments

27/09/2023

For October, banks and SFV operators won’t have to pay settlement fees when using the FPS for payments from corporates and merchants.

ESG / Sustainability

MAS Proposes Approach to Financing Early Retirement of Coal Plants

27/09/2023

A new paper by MAS and McKinsey proposes the generation and sale of “transition credits” to reduce the economic gap from retiring a coal plant early.

Market Infrastructure

HKEX Issues Consultation on Proposed GEM Listing Reforms

27/09/2023

The proposals include a new transfer mechanism for GEM companies to transfer to the Main Board and a new eligibility test for initial listing on the GEM board.

ESG / Sustainability

Indonesia Launches Trading in New Carbon Credits Market

27/09/2023

IDX is the operator of the new carbon exchange, known as the IDXCarbon. Trading technology was provided by AirCarbon Exchange.

ESG / Sustainability

Malaysia Commences Trading on Bursa Carbon Exchange

27/09/2023

BCX commenced trading on Monday. Bursa Malaysia said renewable energy certificates (RECs) will be offered on the carbon market by Q3 2024.

Market Infrastructure

Capital Controls Eased for Foreign Investors in Beijing, Shanghai

27/09/2023

Beijing and Shanghai authorities announced measures that allow investment capital from foreign investors to freely flow in and out of China.

Securities / Derivatives

Malaysia to Create 200 Capital Market-Ready MSMEs by 2026

26/09/2023

A new MoU between the Securities Commission and SME Corporation Malaysia will enable more MSMEs to access the capital market for financing.