Market Infrastructure

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.

Market Infrastructure

Is it Time to Regulate ESG Scores and Ratings?

By ESG Investor | 03/02/2021

End-users are seeking more transparency around cost and methodology to improve comparability across third-party vendors.

ESG / Sustainability

IFRS Foundation Announces Next Steps for Sustainability Standards

By ESG Investor | 03/02/2021

The Sustainability Standards Board – widely supported across the investment industry – will be established in time for COP26 in November.

Market Infrastructure

Hong Kong MPFA Awards eMPF Contract to PCCW Solutions

By Ranamita Chakraborty | 02/02/2021

PCCW Solutions will build, implement, operate and maintain Hong Kong’s new eMPF Platform, with Singapore’s iFAST as its prime subcontractor.

Market Infrastructure

MAS Outlines 2021 Plans to Continue Transitioning to SORA

By Manesh Samtani | 02/02/2021

SOR will now end 18 months later to reflect the IBA’s plans, but the transition to SORA in cash products and derivatives markets will continue at pace.