Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Securities / Derivatives
Rosneft Becomes Third Russian Firm to Issue CNY Bonds
19/09/2022
The Rosneft deal marks the biggest bond sale ever by a Russian business. RUSAL and gold producer Polyus also recently issued yuan-dominated bonds.
Securities / Derivatives
Taiwan to Hold Directors Responsible for Fund Manager Fraud
19/09/2022
The FSC will be able to dismiss board members of investment firms or revoke their business licences entirely if fund managers are involved in fraud.
Market Infrastructure
Bangladesh Allows Banks to Maintain Nostro Accounts in CNY
19/09/2022
The move will reduce Bangladesh’s reliance on the US dollar in foreign trade transactions and save costs for businesses.
Securities / Derivatives
CSRC Issues Draft Rules on Futures Exchange Regulation
19/09/2022
The draft rules adopt changes to align with China’s new Futures and Derivatives Law in relation to governance and risk management, among other areas.
HKMA Extends Corporate Loan Support Scheme
19/09/2022
The Pre-approved Principal Payment Holiday Scheme has been in effect since May 2020. The HKMA says some corporates are still facing cash-flow pressures.
Market Infrastructure
Chinese State Banks Coordinate Cut in Deposit Rates
18/09/2022
The coordinated move suggests the PBOC may have directed lenders to lower their deposit rates, which reduces bank funding costs and enables more lending.
Crypto / Digital Assets
ECB Selects Five Firms to Develop CBDC User Interfaces
18/09/2022
CaixaBank, Worldline, EPI, Nexi and Amazon will each focus on one specific use case of a digital euro in the prototyping exercise, the ECB said.
Crypto / Digital Assets
Thai SEC Proposes to Ban Crypto Lending, Staking Services
18/09/2022
A minimum investment amount is also proposed for each digital asset transaction. Meanwhile, the SEC is considering allowing asset managers to set up digital asset funds.
ESG / Sustainability
New Zealand to Issue First Sovereign Green Bonds This Year
18/09/2022
New Zealand’s Treasury has appointed BNZ and Deutsche Bank (Sydney) as joint structuring advisors to help establish the sovereign green bond programme.
Crypto / Digital Assets
BIS, HKMA to Explore Use of DeFi Tools for SME Finance
18/09/2022
Project Dynamo will study whether and how DeFi tools such as blockchain and smart contracts can improve access to finance for SMEs.
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