Structural Regulation

JD Digits to Set Up Financial Holding Company: Report

12/04/2021

The financial holding company will be separate from JD Digits’ other technology businesses, and is aimed at achieving compliance with new rules for China’s fintech sector.

Structural Regulation

China to Open Foreign Access to Hainan Financial Services Sector

12/04/2021

Foreign FIs will be encouraged to establish joint venture banks with local firms. Foreign investors will be allowed to invest in financial products issued by Hainan FIs.

Structural Regulation

Thailand SEC Amends Rules for Capital Market Auditors

12/04/2021

The experience requirement for auditors in the capital markets has been reduced from a minimum of 10 years to seven years.

Structural Regulation

Shenzhen Stock Exchange Merges Main, SME Boards

10/04/2021

The merger will enable companies to better leverage the capital market for growth and improve overall efficiency, the SZSE said.

Anti-Money Laundering

CBIRC Reiterates Warning Against Loan Misuse in Property Market

10/04/2021

In Shanghai, 339 million yuan in business and consumer loans has been misused to pay for down payments for homes.

CBDCs

PBOC Starts Testing Digital Yuan in Hong Kong

10/04/2021

Hong Kong residents participating in pilot tests can use the digital yuan for purchases in Shenzhen.

Market Data & Technology

HoSE Pledges to Launch New Trading System by Year-end

10/04/2021

HoSE will use all available resources to accelerate implementation and make the new system operational within this year.

Structural Regulation

Shanghai Bourse Tightens Scrutiny Over Bond Issuance

10/04/2021

The SSE has launched onsite inspections to bolster the quality of information disclosure and due diligence by underwriters.

Anti-Money Laundering

Sydney Court Jails Man for Cryptocurrency Money Laundering

08/04/2021

The man used other people’s identities to set up accounts with a cryptocurrency provider, which he used to withdraw stolen bitcoin.