Securities / Derivatives

Enforcement

NAFMII Punishes Bond Underwriters Over SOE Default

By Editors | 21/01/2021

The three banks failed to conduct proper due diligence and verify cash that appeared to be abnormally restricted when underwriting Yongcheng Coal’s bonds.

Market Infrastructure

LME Proposes to Close Europe’s Last Open-outcry Trading Venue

By Editors | 21/01/2021

The LME’s trading ring has been used for metals trading since 1877. It’s temporary closure in March due to the Covid-19 pandemic may end up being permanent.

Securities / Derivatives

Malaysia Expands Sustainable Sukuk and Bonds Grant Scheme

By Editors | 21/01/2021

Eligible issuers can offset up to 90% of the external review costs incurred for the issuance of sustainable sukuk and bonds, subject to a maximum MYR 300,000 per issuance.

Securities / Derivatives

HKEX to Launch New Mini USD/CNH Futures Contract

By Editors | 21/01/2021

The new contract will cater to participants who prefer cash settlement and smaller contract sizes, such as medium-sized corporates and individuals.

Securities / Derivatives

TWSE to Launch New Innovation Board in Q3 This Year

By Editors | 21/01/2021

Companies will be required to meet a market cap threshold of TWD 1.5 billion to list on the new ‘Taiwan Innovation Board’, and profitability requirements will be eased.

Securities / Derivatives

Korea to Require Brokers, Insurers to Enhance FX Risk Management

By Editors | 21/01/2021

Non-banking financial institutions will have to report details about their FX exposures monthly to ensure their FX liquidity remains adequate.

Securities / Derivatives

Japan FSA Opens New Dedicated Office for Foreign Firms

By Editors | 21/01/2021

The new office will handle pre-application consultation, registration and supervision, with all communications available in English.

Securities / Derivatives

Hong Kong, Thailand Agree Mutual Recognition of Funds

By Editors | 20/01/2021

Each Hong Kong or Thai fund approved under the MRF scheme will have to appoint a firm in the other market to serve as its representative.

Securities / Derivatives

China: SAFE Allocates $9bn in Additional Quotas to QDIIs

By Editors | 19/01/2021

90% of the new quotas were granted to 14 fund managers, including China Southern Asset Management, E Fund Management, Bosera Asset Management and Harvest Fund Management.