Securities / Derivatives

CBIRC to Allow WMPs to Be Sold Through Bank Channels

04/01/2021

Under draft rules, banks that absorb public deposits are allowed to act as agents to sell wealth management products issued by wealth management subsidiaries.

Securities / Derivatives

BOK Extends Corporate Bond, Commercial Paper Support by 6 Months

04/01/2021

A special purpose vehicle created in July to support the corporate bond and commercial paper markets will be extended another six months.

Securities / Derivatives

PBOC Offers Incentives for Interbank Bond Market Makers

04/01/2021

New rules set to take effect in April will streamline administration of market makers and for the first time establish an incentive mechanism.

HKEX Discontinues Issuance of Exchange Participant Certificates

04/01/2021

HKEX will also stop making available hard copies of any rule book or rule update as part of efforts to continue developing a sustainable and green environment.

Capital / Liquidity

HKMA Intends to Bring ‘Stay Rules’ into Operation in 2021

03/01/2021

Implementation will occur in two phases, the first for contracts where the only counterparties are HKMA-authorised institutions and/or FIs that are part of G-SIBs.

Securities / Derivatives

SC Malaysia Issues Guidance to Address Unlicensed Investment Advice

03/01/2021

An increasing number of social media, chat room and messaging applications are providing stock recommendations or investment advice to the public for a fee.

Securities / Derivatives

China Unifies Disclosure Requirements for Corporate Bond Issuance

03/01/2021

The rules apply to companies issuing enterprise debt financing instruments, corporate bonds and enterprise bonds, whether in the interbank market or on exchanges.

Market Infrastructure

BSP Consults on Draft Policies to Strengthen Payment Systems

03/01/2021

The first draft policy covers governance policies for payment system operators. The second covers the local adoption of the PFMI for designated payment systems.

S. Korea Selects Market Makers for Won-Yuan Direct Market

03/01/2021

The selected banks will play a leading role in price formation and in supplying liquidity to the KRW/RMB direct trading market.