CBDCs

China: Fintech Giants Pledge to Support Digital Yuan Push

28/04/2021

Ant Group, Tencent, Huawei and JD.com have revealed that they were involved in the development and testing of the digital yuan.

Structural Regulation

Shanghai Court Granted Jurisdiction to Hear Cross-border Cases

27/04/2021

The Shanghai Financial Court is the second Chinese court allowed to handle disputes involving overseas securities and financial institutions.

CBDCs

Macau Amends Legal Framework to Enable Digital Yuan Adoption

27/04/2021

Use of the fully traceable digital yuan will help Chinese authorities curb money laundering and illicit cross-border gambling.

Trading & Investment

HK, China to Launch Southbound Bond Connect in July – Report

27/04/2021

The relevant regulations will reportedly be issued in May, with a view to launching the southbound bond trading link on 2 July.

Credit Risk

PBOC Ratings Results Highlight Drop in High Risk Institutions 

27/04/2021

The PBOC found rural institutions and village banks to be the riskiest, accounting for a majority of the 442 institutions that are in the ‘red zone’.

Cloud & Infrastructure

MAS Calls on Governments to Advance Digital Infrastructure

27/04/2021

MAS will seek to build a consortium of countries to explore the potential of digital infrastructure for cross-border use.

Anti-Money Laundering

Hong Kong: Six Arrested for Laundering HK$2.5bn

26/04/2021

The six arrested persons opened 60 personal accounts at various banks and made over 2,600 suspicious transactions.

Custody & Infrastructure

UK Taskforce Publishes Digital Dispute Resolution Rules

25/04/2021

The rules allow parties to digital transactions to quickly resolve disputes through arbitration, where decisions are implemented within smart contracts.

PEPs & Sanctions

Final Phase of Meng Extradition Case to Be Delayed

25/04/2021

The final phase of the extradition case is being delayed to allow Meng’s lawyers to examine documents being provided by HSBC as a result of a Hong Kong court ruling.