China

Corporates are a few steps behind on ESG disclosures, but momentum is building under pressure from regulators and investors.

SOEs are directed to ensure their subsidiaries are qualified and properly approved to trade financial derivatives, and able to manage the associated risk.

The move is expected to allow foreign banks to play a role in facilitating China's financial market opening-up and channelling funds into the economy.

The fine comes two weeks after the CBIRC accused the bank of failing to fully disclose the risks of a private placement investment product to investors.

The pilot could mark a significant revamp in how bond issuance is carried out in China, and is seen as another step by the government to attract foreign capital.

Deutsche Bank has become the first Eurozone bank to be approved as a qualified primary dealer in China.

The revised draft expands the scope of the law to also cover "other derivatives", while also raising penalties for violations.

The latest revisions will impose stricter requirements on internet platforms and restrict Chinese firms from handing data to foreign agencies.

Thirteen tech firms including Tencent, ByteDance and Baidu’s fintech arm are directed to correct regulatory violations in their financial services businesses.

The 'National Green Development Fund' was launched in July 2020 to spearhead investments in green projects and sustainable development.