SECURITIES / DERIVATIVES

AML / KYC

Hong Kong, Macao Authorities Arrest Seven in Joint Operation

By Sanday Chongo Kabange | 23/08/2024

The SFC, ICAC and the Macao Judiciary Police arrested seven individuals for suspected fraud, including the chairman of a listed company.

Securities / Derivatives

US SEC Fines Transfer Agent for Failure to Guard Against Cyber Fraud

By Editors | 23/08/2024

The transfer agent’s failures led to more than $6.6mn in losses from two separate cyber intrusions, one of which involved Hong Kong bank accounts.

ESG / Sustainability

Taiwan FSC to Simplify Requirements for FIs’ Annual Reports

By Editors | 22/08/2024

The proposed changes aim to simplify the process of annual report preparation and promote gender diversity among the boards of financial institutions.

Market Infrastructure

HK Securities Firms Set to be Added to Wealth Connect Scheme

By Editors | 22/08/2024

Ten securities companies including China CITIC Securities, CICC, Huatai Securities and GF Securities will initially be added to the scheme.

Capital / Liquidity

China Considers Using Government Bond Issuance to Buy Homes

By Manesh Samtani | 22/08/2024

China is exploring a new approach to tackle its property crisis by allowing local governments to issue bonds to purchase unsold homes.

ESG / Sustainability

Taiwan and Philippines to Enhance Capital Markets Collaboration

By Manesh Samtani | 22/08/2024

The TWSE and PSE signed an MOU to deepen their cooperation to drive regional financial integration and economic growth.

Fintech / Regtech

FSS Korea Issues New Guidelines on Short Selling Controls

By Manesh Samtani | 22/08/2024

The FSS is aiming to have institutional investors implement new systems and controls to guard against naked short selling by the end of Q4 this year.

Market Infrastructure

Transitioning to T+1 Settlement: Lessons for Asian Firms

By Nithya Subramanian | 22/08/2024

Asia Pacific jurisdictions are increasingly considering moving to a T+1 securities settlement cycle following the US move in May, says DTCC’s Val Wotton.

ESG / Sustainability

ASX Commences Trading in New Natural Gas Futures Contract

By Sanday Chongo Kabange | 21/08/2024

ASX said the Wallumbilla Natural Gas Futures contract will help investors hedge energy transition risks and more confidently invest in decarbonisation initiatives.