Securities / Derivatives

Crypto / Digital Assets

ASIC Seeks Extension of CFD Product Intervention Order to 2031

By Sanday Chongo Kabange | 18/10/2021

ASIC says there were 45 percent fewer loss-making retail client accounts and losses were smaller as a result of its October 2020 product intervention order.

Securities / Derivatives

Tokyo Stock Exchange Plans to Extend Trading Hours – Report

By Editors | 18/10/2021

Japan’s trading day runs for just five hours each day, an outlier among major markets. The bourse will reportedly propose a 30-minute extension.

Securities / Derivatives

HKEX Launches First China A-Share Futures Contract

By Editors | 18/10/2021

The contract is based on the MSCI China A 50 Connect Index, which tracks the performance of 50 key Shanghai and Shenzhen stocks available via Stock Connect.

Securities / Derivatives

Goldman Approved to Take Full Ownership of China Securities Unit

By Editors | 18/10/2021

Goldman Sachs becomes just the second US bank to gain full ownership of its Chinese entity, after JP Morgan in August.

Securities / Derivatives

China Set to Open More Derivatives to Foreign Investors

By Editors | 18/10/2021

Qualified foreign investors will be able to trade commodity futures, commodity options, and stock index options from 1 November.

Enforcement

HK Court Jails Former Convoy, Gransing Executives

By Editors | 17/10/2021

Former Convoy executives conspired to dishonestly arrange for bond placement commissions to be diverted to a company they substantially owned.

Fintech / Regtech

ICMA Launches Initiative to Standardise Repo Documentation

By Editors | 17/10/2021

ICMA will work to develop an industry-wide taxonomy and clause library for repo trade documentation to improve efficiency in debt markets.

Fintech / Regtech

Tokyo Offers Subsidies to Foreign Firms in Green Finance

By Editors | 17/10/2021

The subsidies are available to foreign asset management and fintech companies working in the field of green finance who wish to start new businesses in Tokyo.

Securities / Derivatives

S. Korea Cabinet Approves Measures to Enhance ABS Market

By Editors | 15/10/2021

The revisions abolish requirements that only allow companies with BB ratings or above to issue ABS. Businesses will also be able to securitise future assets and intellectual property rights.