China

A key demand from international investors, a real-time delivery-versus-payment settlement system has now been implemented on the Bond Connect.

HKEX to launch secure file transfer protocol service for exchange participants later this month to ensure smooth transition to new investor ID regime for northbound trading, set for 17 September.

In the latest move in a long line of measures to stamp out cryptocurrency trading, payments and ICOs in the country, the PBOC will block the IP addresses of over 120 offshore crypto exchange platforms accessible on the mainland.

Banking regulator says foreign firms will now be treated as local institutions in terms of market access and administrative licensing.

Shenzhen-listed Ruizhi Huasheng Technology, a third party developer for state-run mobile carriers, stole up to 3 billion pieces of user data from 96 companies including Alibaba, Tencent and Baidu.

US banks believe trade tensions could delay or prevent approvals to increase their stakes in Chinese subsidiaries, possibly enabling European banks to an gain upper hand.

Chinese police have arrested three individuals who allegedly hacked computers belonging to individuals and companies to steal 600 million yuan in bitcoin and ether.

For foreign players looking to set up a securities business in China, effectively monetising the JV opportunity isn’t so straightforward, and necessitates an in-depth understanding and review of strategic, regulatory, financial, and operational considerations.

The ratings agency is a target of an investigation by the securities regulator for poor governance and risk management following a spate of overly optimistic ratings given to local issuers.

The government is asking the 4 state-owned asset managers set up in 1999 to repair bank balance sheets for help with custody, liquidation and restructuring of P2P assets.