Market Infrastructure

MAS Unveils Initiatives to Open Access to China ETFs, Bonds

29/12/2021

SGX and SZSE have signed an MoU to establish an ‘ETF Connect’ mechanism. SGX is also in discussions with CFETS to establish bond market connectivity.

Securities / Derivatives

Indonesian Bourse Relaxes Listing Rules to Draw in Tech IPOs

28/12/2021

The relaxed rules allow firms to fulfil other qualifications in lieu of the existing net tangible assets requirements for listing.

Capital / Liquidity

HKMA Removes Bank of East Asia from D-SIBs List

28/12/2021

The Bank of East Asia was no longer identified as a D-SIB in the assessment considering its systemic importance relative to other institutions, the HKMA said.

Market Infrastructure

Indonesian Regulators Publish LIBOR Transition Guide

28/12/2021

The guide recommends five steps for market participants with LIBOR exposures, to help them respond to and prepare for the transition.

Australian Treasury to Review Effectiveness of ABSF Facility

28/12/2021

The Australian Business Securitisation Fund facility is designed to unlock a competitive funding source for smaller lenders to on‑lend to SMEs.

BOK to End Corporate Bond Purchase Scheme at Year-end

28/12/2021

The BOK said it will remain ready to resume the programme in the event that market conditions worsen in future.

Market Infrastructure

Hong Kong, Mainland Exchanges to Include ETFs in Stock Connect

28/12/2021

Eligible ETFs will be included in Stock Connect. Business and technical preparations are expected to take about six months to complete.

Enforcement

HK ICAC Charges Six Former AXA Employees For Fraud

24/12/2021

The ICAC charged the six former employees with conspiracy to defraud AXA of over HKD 950,000 in commissions and bonuses.

Korea FSC Adjusts Card Processing Fee Rates

24/12/2021

The revised fees will take effect from January 2022 and save businesses almost half a trillion won.