Securities / Derivatives

CSRC Drafts Rules to Force Issuers to Repurchase Fraudulent Issuances

27/08/2020

Stock issuers may be ordered to repurchase shares if they conceal material facts or fabricate information in securities issuance documents.

Fintech / Regtech

PBOC to Construct New Infrastructure in Big Data Hub

24/08/2020

The new high-security data centre will be built in Guian New Area and become a key component of the PBOC’s new financial infrastructure.

ESG / Sustainability

Taiwan FSC Unveils Green Finance Action Plan 2.0

20/08/2020

The action plan seeks to promote green and sustainable financial markets, improve ESG disclosures, and establish a classification standard for the financial industry.

Fintech / Regtech

CSRC Drafts Rules on Third-party Platforms Use by Securities Firms

19/08/2020

The rules require brokerage firms to guarantee technical and data security when using third-party platforms to conduct securities business activities.

Securities / Derivatives

SZSE, CSDC Issue New Guidelines on Cash Management Products  

16/08/2020

The guidelines limit cash management products to investing in only highly liquid assets, among other restrictions, to ensure investors’ rights are protected.

Enforcement

CSRC Optimises Rules on Administrative Reconciliation

13/08/2020

The revisions will help to ensure investors are compensated for losses in a timely manner and market order is restored as soon as possible, the CSRC says.

Market Infrastructure

PBOC Clearing Arm to Adopt Blockchain for Letters of Credit

12/08/2020

The China National Clearing Center has signed an agreement with three major banks to use their blockchain forfaiting platform to enhance its letter of credit system.

Securities / Derivatives

China Paves Way for Class Actions in Securities Disputes

07/08/2020

New regulations issued by China’s Supreme Court provide channels for small and medium investors to pursue joint litigation in securities disputes.

Securities / Derivatives

CSRC, SSE, SZSE Issue New Rules for Index Funds

05/08/2020

The guidelines are aimed at further regulating the establishment, operation and governance of index funds and protecting investors.