Securities / Derivatives

Securities / Derivatives

China to Exempt Hong Kong IPOs from Cybersecurity Reviews

By Editors | 18/07/2021

Chinese officials have reportedly outlined an exemption from the requirement to undergo a cybersecurity review for companies destined for a Hong Kong IPO.

Securities / Derivatives

Korean Regulators Ramp Up Scrutiny of IPO Valuations

By Ranamita Chakraborty | 18/07/2021

Listing applicants in Korea have recently had to lower their IPO pricing to address FSS concerns over high valuations.

Securities / Derivatives

HKMA Publishes Criteria for PE Funds Seeking Tax Concession

By Editors | 18/07/2021

A fund should have operating expenditure incurred in Hong Kong for the provision of investment management services amounting to at least HK$2mn.

Securities / Derivatives

ESMA Outlines Disclosure Expectations for SPACs

By Sanday Chongo Kabange | 18/07/2021

The guidance is aimed at enhancing the comprehensibility and comparability of SPAC prospectuses and ensuring investors are adequately protected.

AML / KYC

Bangladesh Brokerage Owners Accused of Embezzlement

By Editors | 17/07/2021

The BSEC has initiated an inquiry into Banco Securities, which has already had its trading suspended and bank account frozen amid embezzlement allegations.

Capital / Liquidity

CSRC Proposes New Rules for Subsidiaries of Futures Companies

By Editors | 17/07/2021

CNY 300 million in net capital will be required for a futures company to establish a subsidiary. The activities of overseas subsidiaries will be restricted.

Market Infrastructure

China Commences Trading on Newly Launched Carbon Market

By Sanday Chongo Kabange | 17/07/2021

Trading commenced on the Shanghai Environment and Energy Exchange on Friday, covering emissions from over 2000 power companies.

Securities / Derivatives

NAFMII Reprimands Bond Market Makers Over Round-trip Trades

By Sanday Chongo Kabange | 17/07/2021

NAFMII has given a notice of criticism to China Minsheng Bank and summoned Guosen Securities and Guangdong Nanyue Bank for regulatory talks.

Securities / Derivatives

Shanghai, Shenzhen Bourses Update Green Bond Guidelines

By Editors | 17/07/2021

Carbon neutrality bonds and blue bonds have been added under the green bond chapter. Requirements on the use of proceeds from such issuances are defined.