Securities / Derivatives

Securities / Derivatives

Shenzhen Bourse to Allow Dual Class Share Structures

By Editors | 30/08/2020

Lawmakers passed a rule allowing companies with dual class share structures to incorporate and list on the Shenzhen Stock Exchange, part of broader reforms to improve the market’s appeal.

Crypto / Digital Assets

Brokers Push Back Against ASIC Proposal to Limit CFD Leverage

By Editors | 30/08/2020

Foreign exchange brokers expressed concerns that the proposals are overly stringent, infringe on investor freedoms, and may result in regulatory arbitrage.

Market Infrastructure

SFC, CSRC Approve Hong Kong-Mainland ETF Cross-listing

By Manesh Samtani | 28/08/2020

The new scheme follows the resumption of discussions between the SFC and CSRC in January on setting up an ETF Connect mechanism, after technical issues impeded earlier progress.

Securities / Derivatives

ASIC Grants Regulatory Relief for Companies Planning IPOs

By Editors | 28/08/2020

ASIC is granting relief for voluntary escrow arrangements and pre-prospectus communications to security holders and employees to reduce IPO red tape.

Securities / Derivatives

CSOP Launches First ETF Tracking New Hang Seng TECH Index

By Editors | 27/08/2020

Several other asset managers have submitted applications to regulators seeking to issue similar ETFs based on the new index, which tracks Hong Kong’s 30 largest tech listings.

Securities / Derivatives

CSRC Drafts Rules to Force Issuers to Repurchase Fraudulent Issuances

By Lucy Zhang | 27/08/2020

Stock issuers may be ordered to repurchase shares if they conceal material facts or fabricate information in securities issuance documents.

Market Infrastructure

DDoS Attacks Force Fourth Day of Market Closure at NZX

By Manesh Samtani | 27/08/2020

The hacker group said to be responsible has reportedly also carried out attacks against MoneyGram, YesBank India, Worldpay, PayPal, Braintree and Venmo this week.

Securities / Derivatives

Taiwan CSD Launches Consolidated Access to ESG Ratings

By Editors | 27/08/2020

FTSE Russell, ISS ESG, MSCI and Sustainalytics have collaborated with TDCC to launch a new ESG Dashboard that provides consolidated access to ESG ratings.

Securities / Derivatives

CSRC Publishes Classification Results for Securities Firms

By Editors | 27/08/2020

The classification reflects securities firms’ governance structures, risk management capabilities, continuous compliance status, and business development status.