Market Infrastructure

IMF Probes Kristalina Georgieva Over Data-Rigging Allegations

24/09/2021

IMF managing director Kristalina Georgieva has denied involvement in alleged data irregularities to improve China’s “Doing Business” ranking.

Market Infrastructure

China: Guangdong to Accelerate Integration of GBA Markets

24/09/2021

The Guangdong provincial government has outlined key priority areas for regional financial market integration in a new action plan.

Fintech / Regtech

Korea: Deadline for Crypto Exchanges to Register Arrives

23/09/2021

Five crypto exchanges and one wallet provider have so far submitted their registration documents. Only Upbit has been formally approved by the FSC.

Securities / Derivatives

SEC Philippines Creates Office to Facilitate Capital Raising by SMEs

22/09/2021

The new office will simplify capital raising, streamline registration processes, and promote SME-friendly underwriting and advisory programmes at FIs.

Securities / Derivatives

Chinese Regulators Hold Meeting with Wall Street Firms – Report

21/09/2021

CSRC vice chairman Fang Xinghai reportedly defended moves targeting the education and gaming industries as measures to reduce social anxiety.

Crypto / Digital Assets

Korea: Nearly 70 Crypto Exchanges Set to Suspend Services

21/09/2021

Nearly 40 exchanges are set to suspend all services, while 28 have ISMS certification and can continue trading without the Korean won.

Fintech / Regtech

PBOC Targets February 2022 Launch of Digital Yuan

20/09/2021

The e-CNY has built-in functionality to enable self-executing payments via smart contracts. The PBOC aims to fully launch the CBDC by the 2022 Winter Olympics.

China Regulators Dispatch Lawyers, Advisers to Assess Evergrande

17/09/2021

Chinese authorities may be preparing for a major restructuring of Evergrande’s debt, as protesting investors demand repayment on overdue wealth management products.

Fintech / Regtech

Korean Crypto Exchange Closures to Cost Investors $2.6b

16/09/2021

The closure of almost 40 of Korea’s crypto exchanges would eliminate 42 so-called Kimchi coins and potentially result in $2.6bn in investor losses.