Securities & Trading

CEFC Shanghai Securities Co used its own and client funds to provide financing to its parent and other affiliated companies for purchasing and leasing properties.

The trial will make use of tokenised securities and smart contracts over a permissioned ledger to streamline bond issuance and servicing workflows.

Penalties for mis-selling are being toughened to include fines up to 30 million won and pubitive fines up to 50 percent of unfair gains. New standards for professional investors also established.

The move comes as the country’s securities regulator has extended its timeline to make all retail applications for public equity issues to be paid exclusively using digital payment application, UPI.

The new rules went into effect on 11 November and require that electronic trading platforms and networks obtain prior approval from the central bank before offering services in Malaysia.

The new system will provide greater convenience for investors, alleviate intermediaries' cash management burden, and mitigate payment risks in the banking system.

China's Dalian Commodity Exchange has been recognised by the MAS as a market operator, allowing it to promote iron ore futures to Singapore investors.

Under the new guidelines, banks from non-BIS countries are eligible for FPI licences, and foreign firms can directly invest in India on behalf of their clients.

Firms still take more than a day on average to resolve reconciliations and disputes caused by a lack of data transparency through the trade lifecycle.

HKTV’s former senior regulatory affairs manager made over HK$160,000 in profit from trading on insider information in December 2013.