Securities / Derivatives

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.

Securities / Derivatives

HKFE Offers Cash to Market Makers in Mini Metals Futures

By Editors | 01/04/2020

A HKD 30,000 cash stipend is offered per contract per month per trading session upon fulfillment of quoting obligations in aluminium, zinc, copper and nickel mini futures contracts.

Market Infrastructure

Bursa Malaysia Implements ISO 20022 for Corporate Announcements

By Editors | 01/04/2020

The messaging standard will transform the corporate announcements flow in Malaysia, favour interoperability with other marketplaces, and foster innovation.

Securities / Derivatives

UPDATED – ASIC, ASX Offer Relief from Capital Raising Rules

By Editors | 01/04/2020

The relief applies to listed entities looking to offer placements, rights issues and share purchase plans as a way to urgently raise capital to mitigate the effects of Covid-19.