Market Infrastructure

Crypto / Digital Assets

Hong Kong Leader Announces Measures to Revitalise City

By Manesh Samtani | 20/10/2022

Lee’s administration will work to speed up the implementation of mutual market access arrangements with the mainland, among other measures.

Capital / Liquidity

CBIRC Finalises Rules Allowing Foreign-Funded Finance Companies

By Darien Choong | 19/10/2022

Foreign-funded multinational groups can directly establish domestic finance companies to provide financial services to their member units in China.

Fintech / Regtech

India Launches Digital Banking Units to Advance Financial Inclusion

By Editors | 19/10/2022

The units were established by 24 banks to house digital infrastructure for the delivery of digital banking products and services in self-service and assisted mode.

Market Infrastructure

South Korea Scraps Foreigner Tax on Government Bond Income

By Editors | 19/10/2022

The government was planning to waive the tax for non-residents and foreign corporations in January but decided to bring the measure forward.

Fintech / Regtech

Kakao Under Probe Over Unprecedented Service Disruption

By Editors | 19/10/2022

A fire occurred at a data centre where Kakao operates 32,000 servers that support the vast majority of its mobile services.

Market Infrastructure

CSRC Mulls Measures to Increase Stock Trading by Foreign Firms

By Editors | 18/10/2022

The CSRC is considering relaxing a rule that currently prevents foreign institutions from engaging in short-term trading activity in onshore markets.

Capital / Liquidity

DBS Becomes LCH SwapClear’s First Direct Member in Singapore

By Editors | 18/10/2022

DBS will be able to post Singapore government bonds as collateral, making LCH the first global offshore clearing house to accept the asset class as eligible collateral.

Market Infrastructure

FSB Proposes to Standardise Global Cyber Incident Reporting

By Editors | 18/10/2022

The FSB also proposes to develop a common format for cyber incident reporting, to promote global convergence and better communication among authorities.

Fintech / Regtech

China to Interlink All Credit Reporting Systems Nationwide

By Editors | 17/10/2022

The PBOC will establish connectivity between all credit reporting systems and platforms nationwide, so data on each economic entity can be combined into a single “credit file”.