SECURITIES / DERIVATIVES

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    Securities / Derivatives

    CSRC Probes Hedge Funds, Brokers Over Quant Strategies – Report

    By Sanday Chongo Kabange | 25/09/2023

    The CSRC is seeking information on the trading strategies and short-selling activities of quant funds, and their impact on the stock market.

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    Market Infrastructure

    HKMA Designates New Market Makers for Southbound Bond Connect

    By Sanday Chongo Kabange | 25/09/2023

    The new designations bring the total number of designated market makers for Southbound Bond Connect trading from 13 to 22.

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    Enforcement

    US SEC Fines Citadel Securities for Violating Short-Selling Rules

    By Sanday Chongo Kabange | 24/09/2023

    Citadel agreed to pay $7mn to settle charges that it incorrectly marked short sale orders as long sales, and vice versa, over a five year period.

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    Enforcement

    SEC Fines Goldman for Submitting Inaccurate Securities Trading Data

    By Sanday Chongo Kabange | 24/09/2023

    Goldman Sachs has agreed to USD 6 million for submitting deficient submissions that included missing or inaccurate trade data for at least 163 million transactions.

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    ESG / Sustainability

    Japan to Launch First Exchange-based Carbon Market Next Month

    By Manesh Samtani | 24/09/2023

    The new carbon credit market will allow trading in J-Credits, which are certified by the government and have already been circulating in Japan since 2013.

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    Market Infrastructure

    OCBC Joins LCH SwapClear and HKEX’s OTC Clear

    By Sanday Chongo Kabange | 24/09/2023

    Direct clearing membership with LCH SwapClear and OTC Clear will help lower costs and enable better hedging tools for investors.

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    Securities / Derivatives

    China Pilots More Flexible Panda Bond Issuance Mechanism

    By Editors | 24/09/2023

    The programme will improve the efficiency of cross-border investment and financing on China’s interbank bond market, NAFMII said.

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    Securities / Derivatives

    Malaysia SC Outlines Ongoing Initiatives to Boost Capital Market

    By Editors | 23/09/2023

    The measures include a lower stamp duty, the introduction of fractional share trading, and a faster IPO process.

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    Securities / Derivatives

    CSRC Plans Reforms to Drive Better Dividend Payouts by Listed Companies

    By Editors | 22/09/2023

    Companies that don’t pay dividends will be required to justify these decisions, and restrictions on stock sales may be imposed on their controlling shareholders.

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    Securities / Derivatives

    China Considers Looser Restrictions on Foreign Ownership in Listed Companies

    By Editors | 22/09/2023

    China currently caps total foreign ownership in local listed companies at 30%, and subjects a single foreign shareholder to a 10% limit.

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