China’s Bad Debt Managers to Help Finance Property Firms

17/01/2023

The PBOC will channel CNY 80 billion of loans through the bad debt managers, who are asked to match the amount with their own funds.

Crypto / Digital Assets

Chinese Securities Firm Switches on CBDC Payment Option

17/01/2023

China’s e-CNY system can also now capable handle offline payments, and “tap to pay” can function when devices are powered off.

Korean Savings Banks Directed to Improve Internal Controls

17/01/2023

New guidelines require the use of biometric authentication systems to prevent password sharing among managers and employees.

EU Regulators to Scrutinise Financial Product Marketing

17/01/2023

A review will be undertaken this year to assess whether marketing and advertising comply with MiFID II disclosure rules.

Fintech / Regtech

Non-Resident Indians Allowed to Make UPI Transfers

17/01/2023

NPCI said NRIs in ten jurisdictions can use the UPI platform to digitally transfer funds, using their international mobile numbers.

Securities / Derivatives

India to Complete Transition to T+1 on 27 January

17/01/2023

All large-cap and blue-chip stocks will move to the shortened T+1 settlement cycle on 27 January. Market liquidity and trading volumes are expected to improve.

Securities / Derivatives

Shanghai Seeks to Add ‘Green Equities’ to Stock Connect

17/01/2023

The Shanghai regulator is also seeking to explore the possibility of adding bond targets to the Hong Kong Stock Connect.

Crypto / Digital Assets

Korea FSS to Develop Crypto Market Monitoring Tool

17/01/2023

At a forum on Monday, FSS governor Lee Bok-hyun also said accounting standards will be established to require companies to disclose their crypto exposures.

Crypto / Digital Assets

Iran, Russia Working on Gold-Backed Stablecoin – Report

17/01/2023

The stablecoin is intended to serve as a payment method for foreign trade without requiring the use of any fiat currency.