SECURITIES / DERIVATIVES

Securities / Derivatives

ASX to Enhance Framework on Client Money Obligations

By Editors | 03/12/2020

ASX will require daily reconciliation of individual client trust account balances, prescribe a standard format for trust reconciliations, and enhance reporting requirements.

Securities / Derivatives

Ho Chi Minh Bourse to Raise Minimum Board Lot Tenfold

By Sanday Chongo Kabange | 03/12/2020

HoSE plans to allow two weeks for modifications to trading systems, one week for testing, and implementation in January 2021.

Securities / Derivatives

SAFE Keeps With Pledge to Grant Additional QDII Quotas

By Editors | 03/12/2020

SAFE pledged to grant additional quotas quarterly. Since September, $12.72bn worth of QDII quotas have been granted to 71 institutions.

Securities / Derivatives

OCBC Securities, Lion Global to Launch SGX’s First Tech-focused ETF

By Editors | 03/12/2020

The ETF will launch on SGX on 10 December, tracking the Hang Seng TECH Index, which comprises Hong Kong’s 30 largest listed technology companies.

Securities / Derivatives

UOB to Set Up Electronic FX Trading Infrastructure in Singapore

By Editors | 03/12/2020

The electronic FX pricing and trading engine will help UOB achieve reduced latency, and aligns with MAS objectives to develop Singapore into a regional FX trading centre.

Securities / Derivatives

Bill to Block Chinese Listings on US Markets Passes Congress

By Editors | 03/12/2020

Once the President signs the bill into law, Chinese companies would be blocked from listing in the US if they don’t submit to PCAOB audits.

Securities / Derivatives

CSRC Investigates SOE and Auditor Over Bond Default

By Manesh Samtani | 03/12/2020

SOE defaults could pave the way for increased transparency, faster resolutions and more predictable outcomes for investors in the long run.

Fintech / Regtech

Malaysia Completes Bond Tokenisation POC in Offshore Market

By Editors | 03/12/2020

The POC demonstrated that digital bonds could be issued and managed on a blockchain, and its attributes allow for new service expansion offerings.

Securities / Derivatives

ASX Consults on Listing Rule Changes Ahead of March Implementation

By Editors | 03/12/2020

ASX is consulting on amendments to the listing rules to facilitate the introduction of its next batch of online forms in March 2021, among other proposals.