Although China has set up supervisory mechanisms, it has not yet established an information sharing mechanism to help establish global systemic risk.
Wu Qing, chairman of Shanghai Stock Exchange, calls for greater liberalisation; PBOC official says to consider lowering access thresholds.
ASEAN conference also hears of plans to allow cross-border transfer of capital markets professionals without additional license requirements.
Regulators will develop framework for supervising fund managers, share information and staff amid increasing capital market ties.
China has implemented rules governing money market fund valuations, liquidity and stable net asset value since last report.
Report suggests AI and machine learning could create new systemically important players, warns on opacity, audit difficulty.
Regulator says prime brokerage a growing revenue stream for institutions as Hong Kong’s asset management, hedge fund sectors expand.
Abandoning plans for third board and allowing main board dual-class shares do nothing to support start-ups or attempts to reinvent HK economy.
Brokers will be required to use 2FA for client log-ins; implement raft of new measures including management responsibility, stress tests.
MMFs will face more enforceable requirements than other portfolios, including rules on average maturity, 1-day/5-day redemption.