China

New rules which took effect from 1 January prohibit local and regional banks from extending online loans to borrowers outside of their operating territories.

The LPR was lowered for the first time since April 2020 after data showed a worsening outlook for the property sector and weaker consumer activity.

Every enterprise will be categorised according to their risk profiles. The grades will be used to signal risk and early warnings.

Shanghai INE says new market makers must have net assets of no less than CNY 50 million or its equivalent in foreign currency.

The draft rules enable DvP settlement for proprietary and custody businesses involving institutional investors by linking securities transfers to cash payments.

Deutsche Börsem, including European Energy Exchange, will explore opportunities to cooperate with and Guangzhou Futures Exchange to develop green finance products and services.

Banks and insurers have to put in place mechanisms to identify, monitor and manage related parties and related party transactions by March 2022.

Money market funds with more than CNY 200 billion in net assets, or more than 50 million investors, will have to strengthen risk management and set aside additional risk reserves.

Reports say other fines may be made public in the near future for violations of new rules that prohibit the over-collection and misuse of credit information.

The standards set out the requirements for testing the security of mobile internet applications used in the securities and futures industry.