SECURITIES / DERIVATIVES

Securities / Derivatives

CME Group to Launch Offshore Renminbi Options on 3 April

By Editors | 07/03/2023

USD/CNH options have become one of the most traded pairs in the OTC market. The new listed contracts will offer a centrally cleared alternative.

Enforcement

SFC Bans Former Senior Manager of Citigroup Asia Unit for Misconduct

By Editors | 07/03/2023

Philip Shaw’s misconduct was “intentional, dishonest and contrary to a licensed person’s overarching duty to act in clients’ best interests,” the SFC said.

Securities / Derivatives

Chinese Stock Exchanges Probe Large Covid-related Writedowns – Report

By Editors | 06/03/2023

The Shanghai and Shenzhen stock exchanges have queried companies over why they wrote down the value of assets last year.

Enforcement

LME Faces First Ever Enforcement Probe Over Nickel Market Suspension

By Editors | 06/03/2023

This is the first time UK regulators have opened an enforcement investigation against an exchange, which observers say could point to serious misconduct or compliance failures.

Securities / Derivatives

Foreign Firms Announce New Mutual Fund Launches in China

By Manesh Samtani | 06/03/2023

Neuberger Berman and Fidelity International are launching new funds. AllianceBernstein won approval. UBS is planning to apply. VanEck is withdrawing.

Market Infrastructure

Stock Connect Expansion to Launch on 13 March 2023

By Manesh Samtani | 06/03/2023

Mainland investors will have access to about 80 more HK-listed stocks; International investors will have access to more than 1,000 more Mainland-listed stocks.

Enforcement

SEBI Bars Former Chief Dealer of Axis Mutual Fund and Others

By Editors | 05/03/2023

The former chief trader of Axis Mutual Fund is alleged to have conceived of a “fraudulent scheme” with other “unscrupulous entities” to front-run trades.

Enforcement

SFC Bans Ex-Convoy Licensee Over Stock Manipulation Scheme

By Editors | 05/03/2023

A Convoy Asset Management consultant was banned for life for his role in a stock manipulation scheme and for lying to the SFC.

Securities / Derivatives

Indonesia Set to Lift Pandemic Restrictions on Stock Market

By Editors | 04/03/2023

From April, OJK will allow short-selling to resume for some stocks, bring back pre-pandemic auto-rejection rules, and adjust trading hours.