Trading & Investment

Investment Funds Increasingly Setting Up as Singapore VCCs

17/08/2022

Singapore has reportedly been welcoming more than a dozen investment funds every month under the VCC regime.

Liquidity Risk

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.

PEPs & Sanctions

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.

Credit Risk

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.

Credit Risk

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.

Conduct, Culture & Accountability

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.

Clearing & Post-Trade

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.

Credit Risk

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.

Sustainable Finance

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.