China

The rules are aimed at preventing large market fluctuations, while maintaining market liquidity, the Shanghai Stock Exchange said.

Licensed corporations and their controlling entities are asked to review the legality of the services they offer, and immediately discontinue “unauthorised or illicit activities”.

The Shanghai-London Stock Connect has opened for business, allowing listed companies in Shanghai and London to issue depositary receipts in each other’s markets.

New ASIFMA report says China’s capital markets are reaching an inflection point, and provides 103 recommendations to facilitate their further development.

Liquidity will be provided by increasing rediscount and standing lending facility quotas, as concerns mount over the potential risks of smaller banks.

The SFC and CSRC have agreed on a new cooperative framework to facilitate and coordinate cross-border investigations in "high impact or urgent cases".

ICBC Financial Services LLC will pay over $42m to the US SEC for improper handling of ‘pre-released’ ADRs, and $3m to the DOJ for conspiring to rig bids related to the release of ADRs.

China has held a launch ceremony for Shanghai's new board, termed the 'SSE STAR Market'. Trading is expected to commence within 2 months with about 30 companies.

It is difficult to see how prior regulatory approval of every transfer of personal data from China is workable, says Hogan Lovells partner Mark Parsons.

GDRs issued by Huatai Securities will be admitted to the Shanghai-London Stock Connect segment of the LSE on 20 June, when trading will commence.