Market Infrastructure

China Relaxes Restrictions on Cross-Border RMB Business

05/01/2021

Domestic banks can open personal RMB accounts for Hong Kong and Macau residents, which can be used to receive up CNY 80,000 daily from same name accounts.

Securities / Derivatives

Shanghai, Shenzhen Bourses Implement Revised Delisting Rules

05/01/2021

The exchange amended the rules in response to complaints that the delisting thresholds were too high to be effective in deterring fraud.

Enforcement

SEBI Fines Reliance Industries, Mukesh Ambani for Manipulative Trading

05/01/2021

Reliance Industries entered into an arrangement with 12 agents to corner Reliance Petroleum futures and earn undue profits, SEBI said.

Securities / Derivatives

Vietnam to Establish New Entity to Manage HNX, HoSE

05/01/2021

The new Vietnam Stock Exchange will rate as a limited liability company to manage the Hanoi Stock Exchange and Ho Chi Minh City Stock Exchange.

Market Infrastructure

BOT to Issue THOR Linked Floating Rate Notes in March

05/01/2021

The move is aimed at promoting the use of THOR as a new reference rate in derivatives and cash products, the central bank said.

Capital / Liquidity

PBOC, CBIRC Impose New Caps on Property Lending by Banks

05/01/2021

Loans to developers by large banks have been capped at 40% of total loans. Mortgages have been capped at 32.5% of total loans.

HKEX Announces Appointment of Interim Chief Executive

05/01/2021

Outgoing chief Charles Li retired from his role on 31 December 2020, a decision announced in September.

Securities / Derivatives

UPDATED – NYSE Commences, Then Halts Delisting of Chinese Companies

05/01/2021

NYSE will no longer delist the ADRs of China Telecom, China Mobile and China Unicom “in light of further consultation with relevant regulatory authorities”.

Enforcement

Korea FSS Identifies More Fraud, Bribery at Private Equity Firms

04/01/2021

The FSS said it will impose sanctions on companies identified as being engaged in such practices, including to refer cases for criminal prosecution as needed.