Securities / Derivatives

Enforcement

New Listing Rules at Nasdaq to Impede Chinese IPOs – Reports

By Editors | 19/05/2020

Nasdaq will put a minimum $25mn value on the size of IPOs, making it harder for some Chinese firms to pursue a listing. A delisting notice has been filed against Luckin Coffee.

Securities / Derivatives

HSI Operator to Allow Dual Class Shares as Index Constituents

By Editors | 19/05/2020

WVR and secondary-listed companies from the Mainland will be eligible for including in the HSI and HSCEI. H-share companies with unlisted share capital will also be eligible.

Securities / Derivatives

FSC Korea to Rein in Excessive Investment in Risky ETFs, ETNs

By Editors | 19/05/2020

The FSC will impose a new minimum deposit requirement on retail investors investing in ETFs and ETNs, and require them undergo mandatory investor education, among other measures.

Securities / Derivatives

India to Allow Private Companies to List on Foreign Exchanges

By Editors | 19/05/2020

Private companies will be able to list in ‘permissible jurisdictions’ – likely to include the US, China, Japan, South Korea, the UK, Hong Kong, France, Germany, Canada and Switzerland.

Securities / Derivatives

LCH Launches Central Clearing for Derivatives Referencing SORA

By Manesh Samtani | 19/05/2020

The launch is heralded as a major milestone to deepen liquidity and catalyse the growth of the SORA market. StanChart was party to the first cleared derivatives trade referencing SORA.

Securities / Derivatives

European Regulators Lift Covid-19 Short Selling Bans

By Editors | 19/05/2020

In consultation with ESMA, Austria, Belgium, France, Greece, Spain and Italy have decided to lift short-selling bans that have been in place since mid-March.

Securities / Derivatives

HKMA, SFC to Jointly Review OTC Product Pricing at Intermediaries

By Manesh Samtani | 19/05/2020

The thematic review will assess the spreads intermediaries charge for non-exchange traded investment products such as bonds and structured products.

Market Infrastructure

DTCC Explores Further Digitalisation in Public & Private Markets

By Editors | 19/05/2020

Project Ion seeks to further optimise the settlement process in public markets. Project Whitney explores the use of asset tokenisation and digital infrastructure to support private markets.

Securities / Derivatives

China Urges Domestic Firms to List in London – Report

By Editors | 19/05/2020

The push for a resumption of listings under the Shanghai-London Stock Connect is in part aimed at improving China’s ties with the outside world.