The guidelines were issued by the AIMC to align industry practices on the use of liquidity risk management tools by fund managers.
The service is aimed at improving information accessibility and convenience for foreign investors, while also improving market transparency.
In-the-money options will be exercised automatically, unless instructions to the contrary have been given, and out-of-the-money options will expire worthless.
Securities firms would be eligible to act as market-makers if they have net capital above CNY 10 billion and a classification rating of Class A or higher.
Greater flexibility is provided for investments in IPO stocks, low-unrated and rated and unrated bonds, and CoCo and TLAC bonds.
All MSCI futures and options will be included as the first batch of Holiday Trading Products. A market readiness test will be held in late February 2022.
Anchor investors can only sell 50 percent of their allocated shares after 30 days. The remaining portion has a 90-day lock-in period.
Three-tiered investment will increase flexibility for asset management companies and enable them to manage their asset allocation more efficiently, the SEC said.
Securities and futures companies have to disclose more information on cyber incidents. Listed companies have to strengthen cybersecurity management.
The market-making scheme will ensure quotes are available to retail investors using the RBI Retail Direct Scheme to buy and sell G-secs.
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