The new electronic platform enables banks to obtain and reference data derived from trade permits issued by Singapore Customs to augment their trade finance compliance checks.
Following the release of the FATF mutual evaluation report for Hong Kong, the SFC has highlighted key work areas for licensed firms and their associated entities.
The initiative will help connect the payments industry with specialist law firms through a streamlined process to help them comply with the new Payment Services Act.
The cut is expected to free up 900 billion yuan in banking system liquidity for use in small and private enterprise lending.
Banks must link interest rates for retail and MSME loans to the RBI's benchmark repo rate, the 3-month or 6-month treasury yield, or any other benchmark published by FIBIL.
Citic Securities, Huatai Securities and China Merchants Securities are allowed to conduct interbank forex business both on a proprietary basis and on behalf of clients.
Derivatives trading was suspended on Thursday due to software issues in HKEX’s vendor supplied trading system, which "have now been isolated".
The move is part of a broader crackdown on irregular practices and risks in the P2P sector, and will provide greater protection to investors in online lending platforms.
Institutional investors will be exempt from disclosing major shareholding changes when exercising their rights to remove law-breaking executives or to push for improved governance.
Banks and SVF operators are asked to explore how technology can be used to more effectively and efficiently combat risks, including through the use of analytics in monitoring.