Market Infrastructure

Shenzhen, Hong Kong to Establish Qianhai FTZ as VC Hub

04/09/2022

VC firms, sovereign wealth funds, and PE funds that set up in the Qianhai free-trade zone will be given cash grants, rental subsidies, and other rewards.

International Court Orders Korea to Pay Damages Over 2012 KEB Sale

04/09/2022

US PE firm Lone Star Funds initially planned to sell its stake in KEB for $6.3bn in 2008. Following approval delays, the stake was eventually sold in 2012 for just $2.9bn.

Crypto / Digital Assets

FBI Calls on DeFi Platforms to Bolster Safeguards Against Theft

04/09/2022

DeFi platforms are asked to institute real time analytics, monitoring, rigorous code testing, and incident response plans.

Enforcement

Thai SEC Files Suit Against Company Chairman Fake Vaccine Deal

03/09/2022

The chairman disseminated false statements to various media outlets last year saying his company had signed a contract to import Phizer’s Covid-19 vaccines.

Market Infrastructure

ASX Amends Loss Allocation Rules for USD Clearing Defaults

03/09/2022

ASX has revised its approach to allocating losses that could arise from the default of USD settlement bank.

ESG / Sustainability

China Opens More Derivatives Products to Foreign Investors

03/09/2022

CFFEX, ZCE, SHFE, INE and DCE opened more futures and options products to foreign investors. New derivatives products are also being developed.

Securities / Derivatives

Korean Regulator Warns of Risks from Leveraged ETFs

03/09/2022

Three of the top ten overseas products purchased by Korean retail investors in H1 were highly leveraged ETPs which have lost 60 percent or more this year.

Australia Proposes Enhancements to Financial Advice Regime

02/09/2022

Superannuation trustees would also be able to provide personal advice to their members, and have discretion to decide how to charge for such advice.

Securities / Derivatives

New Guidance Issued on HKMA Funds Certification

02/09/2022

The guidance is intended to help funds and their auditors prepare the necessary reports needed to obtain carried interest tax concessions.