Securities / Derivatives

    Market Infrastructure

    South Korea Scraps Foreigner Tax on Government Bond Income

    By Editors | 19/10/2022

    The government was planning to waive the tax for non-residents and foreign corporations in January but decided to bring the measure forward.

    Securities / Derivatives

    CBIRC Approves BNP-AgBank Wealth Management JV

    By Editors | 19/10/2022

    BNP’s asset management arm will own 51 percent stake in the venture while Agricultural Bank of China’s wealth management unit owns the rest.

    Market Infrastructure

    CSRC Mulls Measures to Increase Stock Trading by Foreign Firms

    By Editors | 18/10/2022

    The CSRC is considering relaxing a rule that currently prevents foreign institutions from engaging in short-term trading activity in onshore markets.

    Crypto / Digital Assets

    Malaysia is Liberalising Funds Industry, Says SC Chairman

    By Editors | 18/10/2022

    The SC is allowing retail funds to have exposure to digital assets and other alternative assets. Similar plans are intended for wholesale funds.

    Securities / Derivatives

    CSRC Proposes to Relax Restrictions on Share Buybacks

    By Editors | 18/10/2022

    The rule changes relax some restrictions on share buybacks, enabling listed companies to better support their stock prices.

    Securities / Derivatives

    RBI Directs Bank to Reduce Activity in Offshore Rupee Market

    By Editors | 18/10/2022

    The RBI started allowing local banks to participate in the NDF market in 2020, but their activity is adding further downward pressure on the rupee.

    Securities / Derivatives

    CME Group to Launch USD-denominated TOPIX Futures

    By Editors | 18/10/2022

    The new contract is designed to complement the existing JPY-denominated TOPIX futures contract launched in February 2018.

    Capital / Liquidity

    DBS Becomes LCH SwapClear’s First Direct Member in Singapore

    By Editors | 18/10/2022

    DBS will be able to post Singapore government bonds as collateral, making LCH the first global offshore clearing house to accept the asset class as eligible collateral.

    Crypto / Digital Assets

    ASIC Places Interim Stop Orders on Three Crypto Funds

    By Editors | 17/10/2022

    Holon has disclosed the risk that assets in the three funds could face a total loss of value. ASIC considers the funds not suited to the “wide target market” defined in the TMDs.

    Securities / Derivatives

    Philippine SEC Authorises Country’s First Corporate Debt Vehicle

    By Editors | 17/10/2022

    The fund will exclusively invest in debt securities such as bonds, notes, commercial paper, debentures, and other evidence of indebtedness.

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