Capital / Liquidity

China to Issue Guarantees on Bonds Issued by Developers

17/08/2022

State-owned China Bond Insurance will give unconditional and irrevocable joint liability guarantees for batches of bond sales in the interbank market.

AML / KYC

China Sanctions Taiwanese Politicians Over Official US Visit

17/08/2022

China’s sanctions targets include Taiwan’s de facto ambassador to the US, five lawmakers and an activist.

Korea to Launch Small Business Loan Refinancing Programme

17/08/2022

Banks and nonbank lenders will offer refinancing of business loans taken by self-employed and small merchants with interest rates of 7 percent or higher.

Enforcement

Hong Kong FRC Probes Evergrande, PwC Over Loan Guarantees

16/08/2022

The FRC is concerned about deposits held by Evergrande’s property services unit that were pledged as security for third parties to obtain bank loans.

Enforcement

HK Exchange Censures Ping An Securities, Two Former Directors

16/08/2022

The two former executive directors of Ping An Securities caused losses to the company through unapproved loans and asset disposals.

Market Infrastructure

CFTC Removes Clearing Requirement for LIBOR Swaps

16/08/2022

Mandatory clearing requirements will instead apply to interest rate swaps referencing SARON, TONA, €STR, SOFR and SORA.

Capital / Liquidity

Property Crisis Prompts Unexpected Rate Cuts from PBOC

16/08/2022

Property developers have lost about $55bn in share value and $35bn in their debt value since the beginning of the year.

Uncategorised

Bursa Malaysia to Launch VCM Exchange by Year-End

16/08/2022

The exchange said the VCM will encourage investments in high-quality offsetting projects that can generate positive environmental and societal benefits.

Fintech / Regtech

Chinese Tech Giants Submit App Algorithm Details to CAC

16/08/2022

Companies including Alibaba, Tencent, Meituan, ByteDance and Baidu submitted algorithm information to regulators to comply with requirements adopted in March.