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.

BOT Eases SME Access to Soft Loan Programme Amid Pandemic

04/01/2021

The BOT has adjusted its definition of business groups to provide SMEs easier access to funding and will allow them to apply twice.

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.