Market Infrastructure

China Extends Trading Hours of Onshore Yuan Market

03/01/2023

The move will provide greater convenience for global investors and enhance the attractiveness of yuan-denominated assets, the PBOC said.

Enforcement

Singapore Imposes 36-Year Jail Sentence for Market Manipulation

03/01/2023

John Soh Chee Wen and Quah Su-Ling were sentenced to 36 and 20 years in jail, respectively, for manipulating three penny stocks ten years ago.

Securities / Derivatives

SEBI to Review Fees and Expenses Charged by Mutual Funds

03/01/2023

SEBI will review existing regulatory provisions and market practices applicable to mutual fund fees and expenses and consider appropriate policy measures.

Crypto / Digital Assets

Japan Relaxing Rules on Stablecoins, Token Listings

03/01/2023

FSA proposes to allow crypto firms to handle transactions using foreign issued stablecoins. The JVCEA has relaxed its token listing rules.

Capital / Liquidity

CBIRC Revises Rating System for Foreign Bank Branches

03/01/2023

The new framework increases the weighting on compliance, and includes point deductions for mismanagement and increases in business risk.

Securities / Derivatives

Dalian Exchange Opens Soy Derivatives to Foreign Traders

03/01/2023

Foreign investors can trade futures and options in No 1 Soybean, No 2 Soybean, Soybean meal, and Soybean oil.

Market Infrastructure

NSE India Receives Approval to Set Up Social Stock Exchange

02/01/2023

The social stock exchange will allow direct listings from non-profit organisations and for-profit social enterprises.

DBS Granted Approval to Acquire Citi’s Taiwan Consumer Business

02/01/2023

The acquisition will make DBS the largest foreign bank in Taiwan by assets, and the 18th largest bank overall.

Market Infrastructure

China, Switzerland Mutually Recognise Audit Standards as Equivalent

02/01/2023

The equivalence decision is expected to reduce audit costs, improve audit efficiency, and deepen Sino-Swiss economic, trade and financial cooperation.