Securities / Derivatives

CSRC Approves Neuberger Berman China Fund Business

28/09/2021

Neuberger Berman becomes just the third foreign fund manager to be granted approval for a domestic mutual fund business after BlackRock and Fidelity.

ESG / Sustainability

BOJ to Finance Banks’ Green Loans, Green Bond Investments

28/09/2021

Lenders will receive zero-interest financing for the provision of green and sustainability-linked loans and investment in green and sustainability-linked bonds.

ESG / Sustainability

SGX-Temasek JV to Launch Issuer Services Platform in Q4 2021

27/09/2021

Marketnode has established partnerships with 10 FIs to facilitate the launch of the new platform, which is part of a new digital infrastructure for fixed income.

Securities / Derivatives

TFEX Extends Trading Hours to Facilitate Currency Hedging

27/09/2021

TFEX says extended trading hours will accommodate investors’ trading needs and enable them to manage foreign exchange risk more conveniently.

AML / KYC

US DOJ Agrees to Release of Huawei’s Meng Wanzhou

27/09/2021

Under a deferred prosecution agreement, Meng admitted to making material misrepresentations to HSBC regarding Huawei’s operations in Iran.

Big Picture

Australia Funds Industry Prone to Conflicts of Interest

26/09/2021

A “long, complex value chain” of intermediaries between fund managers and retail investors raises the potential for conflicts of interest.

Securities / Derivatives

ICMA, NAFMII Publish Guidance on China Interbank Bond Market

26/09/2021

The guidance includes a handbook on investing in the CIBM, as well as a set of case studies to help foreign companies better understand panda bond issuance.

Capital / Liquidity

CBIRC Revises Regulatory Rating System for Banks

25/09/2021

The new rating system will increase emphasis on corporate governance and data governance, and be used as the basis for early detection and intervention to address risk.

Crypto / Digital Assets

PBOC Intensifies Crackdown on Cryptocurrency Activity

25/09/2021

Services for virtual currency transactions are deemed illegal, including those provided to Chinese residents by overseas crypto exchanges.