Securities / Derivatives

Securities / Derivatives

Hang Seng Index Operator Seeks ‘More Balanced Representation’

By Editors | 22/12/2020

Hang Seng Indexes Company proposes to increase the number of constituent stocks in the HSI, lower the weight cap, and remove the minimum listing history requirement.

Securities / Derivatives

CSRC Grants Deutsche Bank Fund Custody Licence in China

By Editors | 22/12/2020

Deutsche Bank has become the second foreign bank to be granted a domestic fund custody licence in China, just months after rules were finalised for granting such approvals.

Securities / Derivatives

China to Accelerate Development of Domestic Derivatives Market

By Sanday Chongo Kabange | 22/12/2020

China’s financial futures and options market “far lags” market participants’ growing needs to manage their risks, said CSRC vice chairman Fang Xinghai.

Big Picture

ASIFMA Offers Recommendations to Address ESG Data Challenges

By Editors | 22/12/2020

The report, released by ASIFMA and FOSDA, says the recommendations are critical to supporting and enabling the further development of green and sustainable markets in Asia.

Securities / Derivatives

FSC Korea Unveils Additional Measures to Curb Illegal Short Selling

By Editors | 21/12/2020

The FSC will place new restrictions on market makers, revamp the rebate system, and set up a new monitoring system to detect illegal short selling activity.

Securities / Derivatives

China Seeks to Improve Market Quality with New Delisting Rules

By Editors | 21/12/2020

Companies will be automatically delisted if their shares close below 1 yuan, or their market value remains below 300mn yuan, for 20 consecutive trading days.

Enforcement

US SEC Penalises Robinhood $65m for Misleading Customers

By Sanday Chongo Kabange | 21/12/2020

The SEC said Robinhood misled customers into believing trading was commission free, while it executed customers’ orders at inferior trade prices costing them $34mn.

Market Infrastructure

ASIC Probes Market Participants for Possible Best Execution Failures

By Manesh Samtani | 21/12/2020

ASIC is concerned Chi-X as an alternative venue did not see more trading activity during ASX’s November outage, as would be expected given participants’ best execution duty to clients.

Securities / Derivatives

HKMA Surveys PE Firms Seeking to Help Manage HK Growth Portfolio

By Editors | 21/12/2020

Interested private equity firms, local and overseas, are invited to take part in the survey on or before 22 January 2021.