Structural Regulation

SEBI Issues Rules for Vault Managers of Gold Exchanges

04/01/2022

The rules pave the way for new gold exchanges to be established in India, which will enhance the transparency of domestic spot price discovery.

Trading & Investment

China Simplifies Overseas Bond Issuance for Domestic FIs

04/01/2022

More streamlined filing and registration procedures and timely submission of issuance information will improve the efficiency of the use of foreign debt funds, the PBOC said.

Credit Risk

PBOC, CBIRC Call on Banks to Finance Real Estate Project M&A

04/01/2022

Project mergers and acquisitions between real estate companies are the most effective market-oriented means for the industry to resolve risks, said the PBOC’s Zou Lan.

PEPs & Sanctions

US Sanctions Five Chinese Officials, China Reciprocates

04/01/2022

Five already-sanctioned Chinese officials were named in the US State Department’s latest Hong Kong Autonomy Act Report submitted to Congress.

Credit Risk

PBOC Modifies Re-Lending Support Facilities for Small Businesses

04/01/2022

The two new tools are more market-based versions of measures that have already been in place to help small and micro enterprises.

Payments & Settlements

Mizuho Bank Reports 9th System Failure for 2021

04/01/2022

The failure was attributable to an error in Mizuho’s system settings for transactions occurring at night and on holidays, impacting ATM and online banking operations.

Sustainable Finance

PBOC Disburses First Loans to Fund Emission Reduction Projects

04/01/2022

CNY 85.5 billion was distributed under a lending facility that allows banks to apply for cheap funding to lend out to businesses for emission reduction projects.

Trading & Investment

JSDA to Propose Shorter Time-to-Market for Japan IPOs – Report

04/01/2022

The JSDA will propose that IPO subscriptions be allowed during book-building, rather than having investors wait until the offer price is determined.

Trading & Investment

BOK Selects 2022 Market Makers for Won-Yuan Direct Market

04/01/2022

Six domestic banks and five foreign banks were selected to serve as market makers of the KRW-RMB direct trading market in 2022.