AML / KYC

India Increasingly Using CNY to Buy Russian Oil

11/07/2023

The relative ease with which Russia can accept yuan payments has led to adoption of the Chinese currency for some 10% of payments.

Capital / Liquidity

China Extends Policy Measures to Support Real Estate Market

11/07/2023

The extension will helpensure financial services are available to support the delivery of completed properties to homebuyers.

Securities / Derivatives

PCAOB Commences New Round of Audit Inspections in Hong Kong

11/07/2023

The PCAOB is reviewing audit reports of about a dozen New York-listed Chinese companies – all clients of PwC, EY and Deloitte.

AML / KYC

US Treasury Asks Hong Kong FIs to Help Prevent Export Control Evasion

11/07/2023

Treasury officials reportedly asked banks to help identify certain high-tech items being shipped to Russia via Hong Kong.

Market Infrastructure

Singapore Issues Notice on Bloomberg’s Publication of MAS Recommended Rate

10/07/2023

The Spread Adjustment published by Bloomberg “differs slightly” for the overnight and 1-month tenor, the SC-STS explains.

AML / KYC

G7 Forms Joint Task Force to Tackle Corruption in Ukraine

10/07/2023

The G7 nations will collaborate on sharing information and devise strategic approaches to address Ukraine corruption-related challenges.

Enforcement

China Marks End of Tech Crackdown With Ant Group Penalty

10/07/2023

Ant Group was fined CNY 7.1 billion. The PBOC and CSRC said they would shift focus to more “normalised supervision”.

Capital / Liquidity

HKMA Relaxes Limits on Property Mortgage Loans

09/07/2023

This is the first time the HKMA has relaxed the countercyclical macroprudential measures for residential properties since they were implemented in 2009.

Enforcement

SEBI Probes Software Misuse by NSE Trading Members

09/07/2023

Some high-frequency traders reportedly used special software that enabled them to submit orders to NSE without paying transaction fees.