MARKET INFRASTRUCTURE

Market Infrastructure

UPDATED – HKEX to Acquire Stake in Guangzhou Futures Exchange

By Editors | 07/02/2021

The move, being the first-ever equity investment in a mainland futures exchange by a non-mainland investor, will help HKEX promote green and low-carbon markets across the region.

Market Infrastructure

RBI Issues Guidance to Enhance Internal Audit Function at NBFCs, UCBs

By Sanday Chongo Kabange | 07/02/2021

Internal audit frameworks of select NBFCs and UCBs will have to include an evaluation of the risk management systems and control procedures used in various areas of operations.

Crypto / Digital Assets

Taiwan Issues List of Institutions Required to Bolster Cybersecurity

By Ranamita Chakraborty | 05/02/2021

The critical infrastructure facilities believed to be on the list include Taiwan’s D-SIBs, science park operators and telecoms.

Market Infrastructure

Cambodia Officially Launches New Retail Payments System

By Ranamita Chakraborty | 05/02/2021

The development of the new system, known as Retail Pay, was backed by a $8mn grant from the Korea International Cooperation Agency.

ESG / Sustainability

CBIRC Issues Draft Guidelines on Corporate Governance

By Editors | 05/02/2021

The guidelines formalise obligations for banks and insurers to integrate Communist Party leadership in the governance of state-owned and private banks and insurers.

Capital / Liquidity

HK Bank Profitability Suffers, Loan Quality Deteriorates

By Editors | 04/02/2021

HKMA deputy chief executive Arthur Yuen says banks will continue to face challenges this year as Hong Kong suffers its worst recession on record.

Market Infrastructure

SWIFT Forms Majority-owned Joint Venture with PBOC

By Editors | 04/02/2021

The venture will be able to obtain necessary licences for network management activities, for compliance with local regulations.

Enforcement

CBIRC Fines Agricultural Bank of China for Poor Data Security

By Editors | 04/02/2021

The CBIRC said the bank did not properly protect its internal and wireless internet networks there was a risk of data leakage.

Capital / Liquidity

UPDATED – Chinese Regulators Agree on Ant Group Restructuring Plan

By Editors | 03/02/2021

Under the plan, Ant Group will fold all of its businesses into a financial holding company that will be subject to PBOC oversight and capital requirements.