Cloud & Infrastructure

FSC Korea Selects 20 Entities for Digital Data Testbed

14/09/2021

Fintech startups will test their business ideas for 11 weeks between 27 September and 10 December, and announce their results by year end.

Structural Regulation

China to Develop Qianhai, Hengqin into GBA ‘Cooperative Zones’

14/09/2021

Qianhai in Shenzhen will be used to strengthen cooperation with Hong Kong while Hengqin in Zhuhai will serve to strengthen cooperation with Macao.

Structural Regulation

Beijing Stock Exchange Issues Draft Listing Rules

14/09/2021

The draft rules cover issuance and listing rules, audit rules, and rules for refinancing and major asset reorganisations of listed companies.

Credit Risk

Ant Group Ordered to Separate Lending Apps from Alipay

13/09/2021

Ant Group’s lending businesses Huabei and Jeibei will also have to transfer data used for lending decisions to a new credit scoring joint venture.

Anti-Bribery & Corruption

Another Top China Development Bank Exec Probed for Corruption

13/09/2021

He Xingxiang is the second most senior official at China Development Bank to become the subject of a corruption probe.

Tokenisation

MAS Grants RMO Licence to Digital Asset Platform SDAX

13/09/2021

SDAX allows asset owners to tokenise and list their assets as digital securities. Its first real estate token listing is expected within 2021.

Structural Regulation

SEC Committee Endorses Stricter Enforcement of SPAC Rules

13/09/2021

The investor advisory committee recommended increased enforcement of existing disclosure rules for SPACs, including in relation to the sponsor’s role.

Market Abuse

Bursa Malaysia Punishes RHB Investment Bank Representatives

13/09/2021

The dealer’s representatives engaged in discretionary trading without proper authorisation, causing “significant losses” to a client.

Cryptocurrency

Three More Korean Crypto Exchanges Secure Deals with Banks

13/09/2021

Bithumb, Coinone, and Korbit will likely meet the 24 September deadline. Korean police are preparing for illegal incidents from exchanges that are forced to close.