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Market Infrastructure
China Revises Upper Limit on Overseas Lending, Borrowing
By Editors | 07/01/2021
The PBOC and SAFE have adjusted the upper limits on overseas lending and borrowing by domestic enterprises, as the RMB trades at its highest levels since mid 2018.
Capital / Liquidity
China Implements New Bank Performance Evaluation Mechanism
By Editors | 07/01/2021
State-owned banks based on their contributions to the economy, high quality development, risk management, and operational efficiency.
Market Infrastructure
Hong Kong Set to Implement Group-Wide Supervision for Insurance
By Editors | 06/01/2021
Newly gazetted subsidiary legislation will allow the Insurance Authority to set capital, regulatory reporting and public disclosure requirements for insurance groups.
Market Infrastructure
China Relaxes Restrictions on Cross-Border RMB Business
By Editors | 05/01/2021
Domestic banks can open personal RMB accounts for Hong Kong and Macau residents, which can be used to receive up CNY 80,000 daily from same name accounts.
Market Infrastructure
BOT to Issue THOR Linked Floating Rate Notes in March
By Editors | 05/01/2021
The move is aimed at promoting the use of THOR as a new reference rate in derivatives and cash products, the central bank said.
Market Infrastructure
New Foreign Investment Regime Takes Effect in Australia
By Manesh Samtani | 04/01/2021
Foreign investors are required to seek approval for all investments in sensitive national security land or businesses (including starting such a business) regardless of value.
Market Infrastructure
BSP Consults on Draft Policies to Strengthen Payment Systems
By Editors | 03/01/2021
The first draft policy covers governance policies for payment system operators. The second covers the local adoption of the PFMI for designated payment systems.
Market Infrastructure
China, EU Leaders Agree Bilateral Investment Treaty
By Editors | 03/01/2021
China will open multiple industries to EU businesses, removing joint-venture requirements, equity caps and forced technology transfers.
Fintech / Regtech
Chinese Regulators Order Ant Group to Reorganise Business
By Manesh Samtani | 31/12/2020
Ant Group is directed to refocus on its payments business and correct regulatory violations in its credit, insurance, wealth management and asset securitisation businesses.
Market Infrastructure
HKEX to Introduce New Market Access Platform in Q3 2021
By Editors | 30/12/2020
Phase 1 will involve the technical migration from the Orion Central Gateway to the new Cash Market Gateway in Q3 2021.
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