The State Bank of Vietnam has issued a circular which guides the opening and use of indirect investment capital accounts for foreign investors in the country.
Taiwan's Financial Supervisory Commission chairman William Tseng said the country’s companies have a total of US$4.97 billion in exposure to renminbi-linked target redemption forward (TRF) financial derivative products with unrealized losses valued at US$2 billion.
The Financial Services Authority (OJK) says it will coordinate closely with Bank Indonesia (BI) to improve the banking system in the country.
The Financial Services Authority (OJK) says it will focus on encouraging more domestic investors into the country’s foreign-dominated capital market.
The Japanese Ministry of Finance will help draw the regulations for the Stock Exchange Commission in Myanmar, said a Myanmar finance official.
The finance ministers and central bank chiefs from the 10 Association of Southeast Asian Nations member states and three partners—Japan, China and South Korea—agreed to boost collaboration in strengthening the Asian bond markets.
The Vietnamese government is finalising polices and regulations on reforming state enterprises through privatization and public offerings.
Excess regulation can result in “unintended effects” in the overall development of the financial markets, says an economist at the World Bank.
Financial authorities in Asia have strengthened ties to advance their financial cooperation through the discussion of critical and common issues that affect markets in the region.
The Vietnam Asset Management Company (VAMC) has lowered interest rates on soured loans in an effort to help troubled enterprises revive their businesses.