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Enforcement
US SEC Charges Chinese Traders in Market Manipulation Scheme
By Editors | 21/10/2019
The market manipulation scheme involved 18 traders primarily based in China, over 3,900 US-listed securities and over $31mn in illicit profits.
Securities / Derivatives
NGFS Publishes Guide to Sustainable Investing for Central Banks
By Editors | 21/10/2019
The guide identifies the five most common ‘sustainable and responsible investment’ strategies used in central bank portfolio management.
Securities / Derivatives
UPDATED – Japan Cabinet Approves Tougher Foreign Investment Rules
By Editors | 21/10/2019
Japan’s proposal to lower the notification threshold for foreign investors has passed the cabinet and could become law by early April, with exemptions for foreign FIs.
Enforcement
Former Supervisor at ICBC Unit Settles with US SEC
By Editors | 18/10/2019
The former supervisor of ICBC’s US broker-dealer unit has agreed to settle charges for failures involving the improper handling of transactions of ADRs.
Securities / Derivatives
China Bond Market Access Schemes to Become Interoperable
By Editors | 18/10/2019
Foreign institutional investors can transfer bond holdings and funds between their QFII/RQFII and direct investment schemes starting from 15 November.
Securities / Derivatives
Japan to Exempt Hedge Funds from Stricter Foreign Investment Rules
By Editors | 18/10/2019
The government reportedly intends to exempt ‘portfolio investors’ from having to seek prior approval under the proposed 1% notification threshold.
Capital / Liquidity
BSP Reduces Reserve Requirement for Bank Bonds
By Editors | 18/10/2019
The move to lower is aimed at deepening the debt market and reducing the intermediation cost that bond issuers could pass on to bond holders.
Market Infrastructure
Singapore Banks Gain Access to China Interbank Bond Market
By Editors | 17/10/2019
The PBOC will allow designated Singapore banks to offer trading and custody services for China’s bond market, starting with DBS.
Market Infrastructure
Macau Submits Securities Market Proposal to Chinese Authorities
By Editors | 17/10/2019
A senior Guangdong official who reportedly helped Macau authorities prepare the proposal said he hopes the central government will approve the plan by mid-December.
Capital / Liquidity
PBOC Clarifies Definition of ‘Non-standard’ Credit Assets
By Editors | 17/10/2019
The clarification is important for new rules that will impose a cap on investments in non-standard credit assets by banks’ wealth management products.
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