Local governments have been told to revise their procedures and remove restrictions to allow foreign-invested banks to participate in bond underwriting syndicates.
In March, the FSC will announce which banks qualify to issue new structured note products, after the regulator eased regulations on the investment targets they can be linked to.
Market participants must demonstrate adequate internal operating procedures and risk management systems are in place, and apply by 7 February to become interest rate option market trading members.
Charles Li says HKEX will leverage the disruptive power of technology to enhance connectivity between China and the rest of the world in stock, bond and commodity markets.
To date, the reporting framework only required banks to report currency derivatives transactions worth over $1mn. All transactions below this threshold now have to be reported.
The clarification is aimed at improving the disposal mechanism for interbank bonds that have defaulted on maturity or have matured early due to legal reasons such as bankruptcy.
Full circulation will allow shareholders of mainland companies to convert non-tradeable, domestically-held shares into H-shares for trading in Hong Kong.
The new monitoring system will enhance the effectiveness of front-line supervision, ensure fair transactions, and promote the stable and healthy development of the capital market, the SSE says.
The new implementing guidelines address concerns over the effect of SBL and short selling transactions on trading participants’ books and records, error transactions, and capital adequacy.
A CSRC spokesperson has denied the suspension after multiple media reports emerged that SSE companies have been temporarily blocked from listing depositary receipts on the LSE.
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