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Enforcement
Luckin Coffee Files for Bankruptcy to Facilitate Restructuring
By Editors | 08/02/2021
Luckin said it will continue to pay suppliers, vendors and employees while it negotiates with its stakeholders regarding a restructuring of its financial obligations.
Enforcement
Korea FSS Seeks Prosecution of Hana Financial CEO
By Editors | 08/02/2021
The regulator said it discovered illegal trading activities by CEO Lee Jin-kuk during an inspection of Hana Financial Investment last year.
Securities / Derivatives
SFC Sets Out Conduct Standards Expected in Capital Raisings
By Editors | 08/02/2021
The proposals establish the standards of conduct expected of intermediaries participating in bookbuilding, pricing, allocation and placing activities.
Enforcement
Foreign Banks Penalised in Taiwan for Facilitating FX Speculation
By Editors | 08/02/2021
Deutsche Bank is permanently banned from trading TWD deliverable and non-deliverable forwards. ING, ANZ and Citi received lesser punishments.
Fintech / Regtech
SGX, Trumid, Hillhouse to Launch Asian Bond Trading Platform
By Editors | 08/02/2021
The partnership will connect SGX’s and Trumid’s bond trading platforms to enhance liquidity and execution in the Asian bond market for global clients.
Market Infrastructure
CSRC Approves Merger of Shenzhen’s Main and SME Boards
By Editors | 07/02/2021
The move will simplify the structure of the Shenzhen bourse and help it to better meet the financing needs of enterprises at different stages of development.
Capital / Liquidity
SEBI to Require AMCs to Help Capitalise New Clearing Corporation
By Editors | 07/02/2021
Individual contributions by asset managers towards the new LPCC will be calculated based on their AUM in open ended debt-oriented mutual fund schemes.
Market Infrastructure
UPDATED – HKEX to Acquire Stake in Guangzhou Futures Exchange
By Editors | 07/02/2021
The move, being the first-ever equity investment in a mainland futures exchange by a non-mainland investor, will help HKEX promote green and low-carbon markets across the region.
Enforcement
Korea FSS to Punish Top Woori, Shinhan Executives – Report
By Editors | 04/02/2021
Woori Financial Group’s chairman may be suspended from his duties, while the Shinhan Bank’s chief executive may receive a reprimand warning.
Fintech / Regtech
SBI, Sumitomo Mitsui to Launch Digital Stock Exchange in Osaka
By Ranamita Chakraborty | 04/02/2021
The Osaka Digital Exchange, expected to launch in 2022, will provide an alternative to the TSE and strengthen Osaka’s proposition as a financial hub.
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