Securities / Derivatives

China: Banks Asked to Comply with New WMP Rules Faster

30/08/2021

Banks are asked to start valuing newly invested fixed-term open-ended WMP assets based on market value starting from 1 September.

Fintech / Regtech

MAS Announces Finalists for Global CBDC Challenge

30/08/2021

The finalists include ANZ, Citibank, Consensys, HSBC, IBM, Soramitsu, Standard Chartered, among others. They will progress to an eight-week Acceleration Phase to further develop and refine their solutions.

Enforcement

HK Police Arrest Two in Corporate Fraud Case

30/08/2021

The arrests were made following a joint operation with the SFC against a listed company and its former senior executives suspected of corporate fraud involving HK$450mn.

Market Infrastructure

UK Competition Authority Opens Inquiry into S&P-IHS Deal

30/08/2021

The Competition and Markets Authority will announce in October whether it will refer the merger for a Phase 2 investigation.

Market Infrastructure

Shanghai to Get Upgrade as International Financial Centre

29/08/2021

Under a new policy plan, Shanghai will develop its asset management and fintech ecosystems, and enhance its role as a green finance and cross-border RMB hub.

Capital / Liquidity

Thai Bankers’ Association Agrees to Facilitate Debt Restructuring

26/08/2021

Bank of Thailand and the Thai Bankers ’Association have agreed on measures to facilitate debt restructuring for long-term debtors.

Capital / Liquidity

PBOC Calls on Banks to Expand Ability to Provide Credit

26/08/2021

Banks are told to build up capital to improve their ability to provide credit to MSMEs, technological innovation, and green development.

Securities / Derivatives

Malaysia Further Extends Restrictions on Intraday Short Selling

26/08/2021

Bursa Malaysia plans to introduce the “at-tick rule”, under which intraday short sale orders can only be placed at the best selling price or higher.

Market Infrastructure

S. Korea, Sri Lanka Become First in APAC to Raise Interest Rates

26/08/2021

The BOK is looking to curb household debt and home prices. The CBSL wants to stem inflationary pressure and the depreciation of the local currency.