Markets & Infrastructure

    PEPs & Sanctions

    Trump: US to End Hong Kong Trade Privileges, Sanction Chinese Officials

    By Manesh Samtani | 30/05/2020

    The US President says Hong Kong’s special treatment will be revoked, Hong Kong and Chinese officials will be sanctioned, and Chinese companies listed on US exchanges will be examined.

    Cybersecurity

    WFE Details Industry Efforts to Ensure Cyber Resilience of Markets

    By Editors | 29/05/2020

    WFE members are continuously investing resources and technology to enhance their capabilities under the philosophy that it is not a question of ‘if’ they experience a cyber incident but when.

    Market Abuse

    SFC Bans Guosen Fund Manager for Violating Staff Trading Policies

    By Editors | 29/05/2020

    The fund manager concealed his beneficial interests, direct control and trading activities in securities accounts held at an external brokerage.

    Structural Regulation

    SSE Considers Overhaul of Index Methodology – Report

    By Editors | 28/05/2020

    The SSE is considering using free float rather than total outstanding shares to calculate a company’s market value for the index, which would reduce the weightings of SOEs.

    PEPs & Sanctions

    China Approves Plan to Impose National Security Law in Hong Kong

    By Manesh Samtani | 28/05/2020

    The move could impact Hong Kong’s special trade status under US law, lead to sanctions against officials, and trigger a downgrade of the city’s credit rating.

    Cloud & Infrastructure

    FSC Korea to ‘Reshape’ Regulations, Infrastructures to Boost Innovation

    By Editors | 28/05/2020

    In a welcome speech for Online Korea Fintech Week, FSC chairman Eun Sung-soo said the regulator will pursue innovation based on three main pillars.

    PEPs & Sanctions

    US State Dept Declares Hong Kong No Longer Autonomous

    By Manesh Samtani | 27/05/2020

    The move puts at risk the special status under US law Hong Kong has enjoyed since 1992, jeopardising billions of dollars worth of trade and investment.

    Structural Regulation

    Australia Eases Disclosure Rules to Prevent Opportunistic Class Actions

    By Editors | 27/05/2020

    Heightened uncertainty amid the Covid-19 crisis exposes companies to the threat of opportunistic class actions if their earnings forecasts are found to be inaccurate.

    Emerging Prudential Risks

    China to Revise Central Bank Law This Year

    By Editors | 27/05/2020

    The revisions will likely expand the PBOC’s statutory responsibilities to include macro-prudential management, financial risk oversight, financial infrastructure and financial holding companies.

    Trading & Investment

    CORRECTED – HKEX to Launch New Derivatives Products

    By Editors | 27/05/2020

    Subject to regulatory approval, 37 new futures and options contracts based on MSCI Asia and emerging markets indices will be launched in Hong Kong.

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