Markets & Infrastructure

Structural Regulation

Higher Profit Requirement for IPOs Will Hurt Hong Kong

By Manesh Samtani | 25/01/2021

Consultation responses suggest that HKEX’s proposal to raise the profit requirement for Main Board listing IPOs will drastically reduce its competitiveness.

Structural Regulation

New York State Budget to Include Provisions to Ease LIBOR Switch

By Editors | 24/01/2021

The state budget plan would reportedly allow legacy LIBOR contracts to use the replacement rate recommended by the Fed Board, the New York Fed, or the ARRC.

Structural Regulation

CSRC Approves Establishment of Guangzhou Futures Exchange

By Editors | 24/01/2021

The new exchange is part of a policy blueprint released by mainland authorities last year to facilitate the development of the Greater Bay Area.

Trading & Investment

Stock Connect to Include STAR Market Stocks from 1 February

By Editors | 24/01/2021

The corresponding H-shares will also be included in Southbound trading of Stock Connect, in addition to H-shares with corresponding A-shares listed in Shenzhen.

Cloud & Infrastructure

BIS Innovation Hub Sets Out 2021 Work Programme

By Manesh Samtani | 24/01/2021

Six thematic priorities have been set out: suptech and regtech; next-generation FMIs; CBDCs; open finance; green finance; and cyber security.

Tokenisation

SGX, Temasek Partner on Digital Asset Infrastructure in Capital Markets

By Editors | 23/01/2021

A new JV will use blockchain-based technologies to provide an issuance-to-settlement network for Asia bonds, funds and sustainable finance products.

PEPs & Sanctions

China Sanctions 28 Trump Officials as Biden Takes Office

By Editors | 21/01/2021

The 28 officials and their immediate family members will be barred from entering China, Hong Kong and Macao, and restricted from doing business with China.

Trading & Investment

NAFMII Punishes Bond Underwriters Over SOE Default

By Editors | 21/01/2021

The three banks failed to conduct proper due diligence and verify cash that appeared to be abnormally restricted when underwriting Yongcheng Coal’s bonds.

Trading & Investment

LME Proposes to Close Europe’s Last Open-outcry Trading Venue

By Editors | 21/01/2021

The LME’s trading ring has been used for metals trading since 1877. It’s temporary closure in March due to the Covid-19 pandemic may end up being permanent.