Through the QDLP scheme, MAS-regulated ADDX will offer Chinese investors access to digital securities covering a broad range of asset types.
BNP Paribas Asset Management will reportedly hold a majority stake in the planned venture with AgBank's wealth management subsidiary.
President Xi Jinping announced that a new stock exchange will be set up in Beijing and reforms at the NEEQ will be deepened to further support SMEs.
Nonbank payment firms must report new products and services, stock market listings, capital increases and other activities classified as 'significant matters'.
Regulators are said to be preparing for policy normalisation in major developed markets and for stimulus measures to end, which could prompt currency volatility.
The probe is aimed at uncovering and containing risk connected to Ping An Insurance Group’s property investment portfolio.
CSRC chairman Yi Huiman said "fake" private equity funds that are sold to the general public instead of targeted investors will be eliminated.
BOC UK’s internal customer database did not include reference to Sudan in the name or address fields of two customers despite knowledge of their location.
The fund will be distributed by three Chinese lenders. BlackRock plans to roll out passively-managed funds in China in the future as well.
The CSRC is drafting rules that would prohibit Internet firms holding large amounts of user-related data from listing overseas, targeting firms with VIE structures.
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