Securities / Derivatives

Enforcement

SFC Fines Changjiang Corporate Finance for Sponsor Failures

By Editors | 21/08/2023

The company is prohibited from acting as a sponsor for listing applications in Hong Kong for one year, potentially longer if deficiencies are not addressed.

Securities / Derivatives

FSB Launches Review to Assess MMF Reform Progress

By Editors | 21/08/2023

The objective of the review is to take stock of the progress made by jurisdictions to assess and address money market fund vulnerabilities.

Securities / Derivatives

Abaxx Seeks to Launch World’s First Nickel Sulphate Futures in Singapore

By Mark Johnston | 21/08/2023

Nickel sulphate is a key ingredient of EV batteries. The launch of the new futures contract is subject to review by MAS.

Market Infrastructure

China Unveils Package of Measures to Reinvigorate Stock Market

By Manesh Samtani | 21/08/2023

The measures include reducing transaction fees, encouraging stock buybacks by listed companies, and a possible extension of trading hours.

Securities / Derivatives

FSC Korea Outlines Policy Initiatives Planned for H2

By Editors | 20/08/2023

The initiatives focus on restoring investor trust, strengthening capital market structure, and ensuring financial stability.

Fintech / Regtech

ASX Issues Response Plan to Ensure Delivery of CHESS Replacement

By Editors | 18/08/2023

ASX confirms its intention to have implemented all 45 recommendations from an external review by June 2024.

Securities / Derivatives

FSC Korea Revises Accounting Rules to Reduce Burden on Stock Companies

By Sanday Chongo Kabange | 18/08/2023

Requirement for smaller stock companies to undergo an external audit of their accounting control systems postponed for five years.

Securities / Derivatives

China Asks Funds to Avoid Being Net Equity Sellers – Report

By Editors | 18/08/2023

Stock exchanges reportedly told some investment funds to refrain for a day from selling more onshore shares than they purchased.

Securities / Derivatives

CSRC Solicits Industry Views on Developing Asset Management Sector

By Editors | 17/08/2023

The CSRC is asking securities firms, fund managers and futures companies about the challenges their asset management business face.