SECURITIES / DERIVATIVES

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.

Market Infrastructure

HKMA Further Enhances RMB Liquidity Facility

By Editors | 25/07/2022

The enhancements will increase the size of the RMB Liquidity Facility, streamline its operation, and reduce the rates applicable to overnight repo.

Crypto / Digital Assets

ISSA Finds ‘Major Upsurge’ in DLT Use in Financial Markets

By Editors | 24/07/2022

Over 30% of the industry using DLT in live production, finds ISSA survey, conducted by the ValueExchange with support from Accenture, Broadridge and VMWare.

Capital / Liquidity

FSS Korea Proposes to Extend, Revise Non-cleared Margin Guidelines

By Editors | 24/07/2022

The guidelines, which expire on 31 August 2022, will be extended for an additional year to 31 August 2023.

Securities / Derivatives

China Tightens Retail Access to Precious Metal Trading

By Editors | 24/07/2022

Banks are further restricting retail access to precious metals markets due to increased volatility and to protect investors.

Securities / Derivatives

ASIC Expects Market Participants to Detect Pump and Dump Activity

By Editors | 23/07/2022

New report sets out indicators and good practices to help market participants detect, prevent, and respond to pump and dump activity.