Hong Kong's SFC and Thailand's SEC plan to sign a mutual recognition of funds agreement within the second quarter of this year.
The HKMA has been working to enhance Hong Kong’s competitiveness as a family office hub by developing talent, enhancing investment opportunities, and outreach.
The rules will require banks' cash management products to invest in shorter duration assets and limit leverage to 120%, among other requirements.
Under the agreement, the December timeline for China's removal of foreign ownership limits in the securities sector is brought forward to April.
Foreign issuers may appoint foreign auditors, but an ACRA-registered firm must also serve as a joint auditor. Standards for property valuations by issuers are also being raised.
The lack of legal certainty and judicial recognition on close-out netting can impede capital market development in China, impacting domestic FIs the most, ISDA's Scott O'Malia said.
The operator of the Hang Seng Index is soliciting market views on the eligibility of weighted voting rights and secondary-listed companies for inclusion in the benchmark.
The top 500 listed companies by market cap have two additional years to comply with a requirement to separate the roles of chairman and managing director.
The rule will be stricter than the 4x leverage limit imposed by the Japan Virtual Currency Exchange Association, the industry's self-regulatory organisation.
SFC deputy chief executive Julia Leung has indicated that discussions with the CSRC have resumed to address the technical challenges of implementing an ETF Connect.
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