Securities / Derivatives

Securities / Derivatives

Hong Kong to Implement Paperless Securities Market from 2022

By Editors | 08/04/2020

Submissions to a January 2019 consultation indicate strong support for the implementation of an uncertificated securities market in Hong Kong.

Securities / Derivatives

BOT to Stabilise Corporate Bond Market, Ramp Up SME Support

By Editors | 08/04/2020

Among the new measures announced are six-month loan payment holidays and new low-cost loans for SMEs, and the establishment of a corporate bond stabilisation fund.

Capital / Liquidity

Sri Lankan Brokers Prohibited from Charging Interest on Margin Loans

By Editors | 08/04/2020

The central bank has also suspended overseas investment and outward remittances by Sri Lankan residents, and cut interest rates for the second time in three weeks.

Securities / Derivatives

Japan: Corporates to Get Financial Support, Easier Write Down Rules

By Editors | 06/04/2020

The FSA will convene a joint council of key industry bodies to agree on easier write-down rules, while the government prepares an aid package for large corporates.

Enforcement

CSRC Opens Investigation into Fraud at Coffee Chain

By Editors | 06/04/2020

The chief operating officer of Nasdaq-listed Luckin Coffee, along with his employees, are said to have fabricated about $310mn worth of sales transactions.

Securities / Derivatives

CSRC Starts Accepting Licence Applications from US Fund Managers

By Editors | 02/04/2020

BlackRock and Neuberger Berman applications to set up wholly-owned mutual fund units were accepted on the first day foreign ownership caps were scrapped in China.

Securities / Derivatives

Banks Scrap Dividends, Buybacks Amid Regulatory Pressure

By Manesh Samtani | 02/04/2020

HSBC and Standard Chartered are among the banks that have scrapped their 2019/2020 dividends and agreed not to buy back shares.

Securities / Derivatives

India Further Opens Bond Market to Non-resident Investors

By Editors | 02/04/2020

The RBI has fully opened certain categories of government securities to non-resident investors and raised the FPI limit for investment in corporate bonds.

Securities / Derivatives

SFC, Stock Exchange Issue Guidance on Holding General Meetings

By Editors | 01/04/2020

Listed issuers should consider adjourning or delaying their general meetings until at least after 11 April, when the prohibition on group gatherings has ended.