SECURITIES / DERIVATIVES

Enforcement

CSRC Bars Two Online Brokers from Onboarding Mainland Investors

By Editors | 04/01/2023

Futu Holdings and Tiger Brokers have been offering offshore trading services to mainland clients though they are not licensed in China.

Market Infrastructure

CBIRC Proposes Stricter Rules for Banks’ Custody Businesses

By Editors | 04/01/2023

The draft rules strengthen requirements on internal governance, risk management systems, data protection and security controls within banks’ custody businesses.

Securities / Derivatives

Korea Passes Bill to Ease Audit Burden on Smaller Companies

By Editors | 03/01/2023

The revision bill will benefit almost 1,000 listed companies, exempting them from a requirement to subject their internal accounting management systems to external audits.

Securities / Derivatives

CSRC Proposes Enhanced Rules for Stock Options Trading

By Editors | 03/01/2023

The rules allow futures companies to conduct market-making activities for stock options and require stock exchanges to supervise programmatic trading activities.

Fintech / Regtech

Shanghai Bourse Launches New Trading Supervision System

By Editors | 03/01/2023

The new system can process more than 500,000 transactions per second in real-time. New issuance underwriting and offline IPO systems also launched.

Market Infrastructure

China Extends Trading Hours of Onshore Yuan Market

By Editors | 03/01/2023

The move will provide greater convenience for global investors and enhance the attractiveness of yuan-denominated assets, the PBOC said.

Enforcement

Singapore Imposes 36-Year Jail Sentence for Market Manipulation

By Editors | 03/01/2023

John Soh Chee Wen and Quah Su-Ling were sentenced to 36 and 20 years in jail, respectively, for manipulating three penny stocks ten years ago.

Securities / Derivatives

SEBI to Review Fees and Expenses Charged by Mutual Funds

By Editors | 03/01/2023

SEBI will review existing regulatory provisions and market practices applicable to mutual fund fees and expenses and consider appropriate policy measures.

Securities / Derivatives

Dalian Exchange Opens Soy Derivatives to Foreign Traders

By Editors | 03/01/2023

Foreign investors can trade futures and options in No 1 Soybean, No 2 Soybean, Soybean meal, and Soybean oil.