Securities / Derivatives

Securities / Derivatives

CSRC to Use Investor Protection Funds to Bail Out Brokers in Crisis

By Editors | 08/07/2019

The draft rules say securities firms would need to provide equivalent collateral for loans from the Investor Protection Fund, which will charge 1.5 times the market lending rate.

Securities / Derivatives

HKEX to Expand Closing Auction Session to All Equities, Funds

By Editors | 08/07/2019

The expansion will help improve trading liquidity at close, simplifying operations of market participants, and standardise closing times for equities.

Securities / Derivatives

China to Resume Approvals for Domestically Funded Securities Firms

By Editors | 07/07/2019

All newly approved brokerages since 2008 have been joint ventures between domestic and foreign investors. But market access should also be broadened to domestic investors, the CSRC says.

Market Infrastructure

China to Trial Discretionary Control for Investment Advisers

By Editors | 06/07/2019

Participating companies will be allowed to take full discretionary control of their clients’ investments, and charge fees based on AUM and performance.

Market Infrastructure

JPMorgan, Morgan Stanley to Take Control of China JVs

By Editors | 06/07/2019

JPMorgan is likely to become the first foreign firm to gain a controlling stake in an asset management joint venture in China, while Morgan Stanley may soon control its China securities unit.

Securities / Derivatives

Vietnam Launches Covered Warrants, Govt Bond Futures

By Editors | 04/07/2019

The Ho Chi Minh City Stock Exchange has launched trading in covered warrants; the Hanoi Stock Exchange has launched a new government bond futures contract.

Enforcement

Hong Kong Hedge Fund Penalised by CFTC, CME

By Editors | 04/07/2019

Elephas Investment Management was found to have violated wheat futures speculative position limits established by the CFTC.

Securities / Derivatives

MAS Proposes to Relax Requirements for Singapore REITs

By Editors | 03/07/2019

The consultation paper proposes to allow REITs to take on more leverage if they can demonstrate an ability to service their debt with regular income.

Market Infrastructure

NZX Completes Migration to Single Board, New Listing Rules

By Editors | 02/07/2019

NZX’s updated rule set took effect in January, but participants were allowed a six month transition period for adoption before the move to a single board.