SECURITIES / DERIVATIVES

Enforcement

FSC Korea Reorganises Capital Market Fraud Investigation Unit

By Editors | 05/01/2023

The change will improve the efficiency and expertise available for conducting investigations into capital market frauds, the FSC said.

Securities / Derivatives

CSRC Proposes New Position Management Rules for Futures Market

By Editors | 04/01/2023

The proposed rules empower futures exchanges to impose position limits and reporting requirements on market participants. Position limit exemptions may be granted for hedging activities.

Securities / Derivatives

SSE, SZSE Set Out Requirements for STAR Market, ChiNext Listings

By Editors | 04/01/2023

Sponsors must use the new regulations to determine whether issuers comply with the positioning requirements of each market.

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.