Securities / Derivatives

Securities / Derivatives

China Cracks Down On Zero-Fee Bond Underwriting

By Garima Chitkara | 14/06/2018

The CSRC and the Securities Association of China reportedly sent a notice to brokers asking them to stop underwriting bond deals for free, a common practice in the country to maintain relationships with key clients and underwriting standings.

Enforcement

China, Hong Kong to Deepen Cross-Boundary Market Surveillance

By JP Reimann | 14/06/2018

Regulators discussed collaboration on market surveillance, intelligence sharing, coordinated investigations, and the establishment of a notification mechanism for cases involving dual listed shares and cross-boundary market misconduct.

Market Infrastructure

S. Korea Passes Bill Enabling Asia Regional Funds Passport

By Garima Chitkara | 13/06/2018

Korean cabinet approves amendments to its capital markets law to allow funds passporting between the five signatory countries; FSC to begin making preparations for scheme launch in 2019.

Market Infrastructure

SEBI Mulls Allowing Indian Firms to List Shares Overseas

By Garima Chitkara | 13/06/2018

Securities regulator considering allowing Indian firms to directly list equity abroad and foreign firms to list in India.

Securities / Derivatives

Taiwan, S. Korea Launch ETF Cross Listings

By JP Reimann | 13/06/2018

Cross listed ETFs track tech stocks traded in the two countries; following 2015 MoU that sought to expand cooperation between the TWSE and KRX.

Securities / Derivatives

China Eases QFII, RQFII Restrictions

By Garima Chitkara | 13/06/2018

China removes 20% redemption caps and the three-month lock-in period for QFII and RQFII investors, making it easier for foreign investors to move funds out of China.

Securities / Derivatives

NSE Launches Tri-party Repos on Corporate Bonds

By Garima Chitkara | 13/06/2018

Tri-party repo will facilitate greater secondary market liquidity in the India’s corporate bond market; platform will initially allow basket repos with maturities between one and seven days.

Market Infrastructure

Hong Kong, Japan to Cooperate on Commodity Market Development

By Manesh Samtani | 12/06/2018

HKEX and Tokyo Commodity Exchange MoU to promote cooperation through information exchanges, staff exchanges, product development and joint promotion.

Securities / Derivatives

SEBI Probes Leaked List of Companies Under Enhanced Surveillance

By Garima Chitkara | 11/06/2018

SEBI alleged that a list of 37 companies that were under the regulator’s Additional Surveillance Measure was leaked before the public announcement was made by the BSE.