SECURITIES / DERIVATIVES

Securities / Derivatives

Alibaba Unveils Plans to Upgrade Hong Kong Listing Status

By Editors | 27/07/2022

Alibaba is planning to upgrade its secondary listing status in Hong Kong to a primary listing, so that it can qualify for inclusion in Stock Connect and benefit from mainland investment.

Securities / Derivatives

CFTC, SEC Preparing to Tackle More Crypto-related Risks

By Manesh Samtani | 27/07/2022

The CFTC has a new innovation office and is realigning its customer education office. The SEC has appointed 20 new specialists to its crypto unit and wants a bigger budget.

Securities / Derivatives

APRA to Start Publishing ‘Enhanced’ Superannuation Data in September

By Editors | 26/07/2022

Quarterly publications will start in September and annual publications in early 2023, comprising new and expanded data on an industry, fund and product basis.

Market Infrastructure

TAIFEX Launches Central Clearing Service for OTC Derivatives

By Editors | 26/07/2022

Central clearing makes OTC derivatives trading safer, more efficient, and more competitive for participants, FSC chair Huang Tien-mu said at the launch ceremony.

Securities / Derivatives

India: Fees, Charges Payable to SEBI Now Subject to 18pc GST

By Editors | 26/07/2022

Fees paid by stock exchanges, clearing corporations, depositories, intermediaries and investors in securities markets are now subject to 18% GST.

Securities / Derivatives

SFC Fines Fourth Broker Over Use of ‘Xinguanjia’ Trading Software

By Manesh Samtani | 26/07/2022

The software enabled Mainland investors to trade in Hong Kong without having to open a local securities account. Rifa Futures was fined HKD 9 million for AML and other failures.

Securities / Derivatives

Shanghai, Shenzhen Issue Pilot Rules for Affordable Housing REITs

By Darien Choong | 26/07/2022

New rules specify that proceeds raised from affordable housing REITs may not be used to finance commercial housing and commercial real estate development projects.

Fintech / Regtech

China to Standardise Data Transmission by Securities Firms

By Editors | 26/07/2022

Many securities firms are still using manual processes to transmit data used by fund custodians, managers and fund service institutions for valuation and accounting purposes.

Securities / Derivatives

SGX, NYSE Agree to Collaborate on Dual Listings

By Editors | 25/07/2022

The agreement also covers the joint development of new ESG, index, and ETF products to address the growing needs of market participants and investors.