Alongside stricter KYC procedures during FPI registration, India may set a 10% beneficial ownership cap on foreign investment from China including Hong Kong.
Under the pilot, SSE-listed companies can issue bonds with durations under one year to professional investors, provided the proceeds are not used to meet long-term funding needs.
The CSRC has responded to a US bill that could subject the 233 Chinese companies listed in the US to PCAOB oversight in their audits, or delisting for noncompliance.
The changes are aimed at ensuring the classification system encourages firms to maintain focus on risk management capabilities and continuous compliance.
Bankers are reportedly receiving requests to activate plans to withdraw assets from Hong Kong in light of Beijing's plan to impose national security legislation in Hong Kong.
Guangdong-based Cornerstone Management reportedly lost 70% in two funds after promising a minimum 8% annual return.
New legislation passed in the US Senate will require companies to submit to an audit that can be reviewed by the PCAOB, and de-list firms that at noncompliant for three years.
Fidelity already operates four privately managed funds in China targeting institutional clients and high net-worth individuals.
As a common depository, CCB (Asia) will facilitate access to the international capital markets for Chinese issuers, and provide APAC investors easier access to the Eurobond market.
Nasdaq will put a minimum $25mn value on the size of IPOs, making it harder for some Chinese firms to pursue a listing. A delisting notice has been filed against Luckin Coffee.