Markets & Infrastructure

Trading & Investment

China: Bond Underwriters Pledge to End Excessive Price Competition

By Editors | 05/05/2020

The pledge is part of a “self-discipline” pact which NAFMII asked bond underwriters to sign, in a bid to end the practice of offering ultra-low underwriting fees to gain market share.

Trading & Investment

Sri Lanka to Implement New Stock Market Circuit Breaker

By Editors | 05/05/2020

Sri Lanka’s SEC has directed the Colombo Stock Exchange to implement the new circuit breaker structure when the market reopens after its closure on 20 March.

Structural Regulation

Malaysia: SC Allows E-wallet, E-payment Firms to Distribute Investment Products

By Editors | 05/05/2020

Operators of e-wallet or e-payment applications can register with the SC and partner with capital markets licence holders to distribute investment products to investors.

Structural Regulation

HSBC Seeks CBIRC Approval to Fully Acquire Insurance JV

By Editors | 04/05/2020

HSBC’s insurance unit has entered into an agreement to buy the remaining 50% equity interest in its China joint venture – HSBC Life China.

Resolution & Recovery

FSB Issues Draft Guidance on Assessing CCP Financial Resources

By Editors | 04/05/2020

Five steps are proposed for public authorities to assess the adequacy of a CCP’s financial resources to support its orderly resolution and minimise financial stability risks.

Structural Regulation

S. Korea Enhances Flexibility for Financial Investment Businesses

By Editors | 04/05/2020

The legislative revisions will allow firms greater flexibility to implement Chinese walls and outsource key functions, while allowing for harsher penalties when issues arise.

Structural Regulation

Malaysia SC Issues New Capital Market Advertising Guidelines

By Editors | 04/05/2020

Effective from 4 May, advertisers of capital markets products and services are no longer required to submit their advertisement materials to the SC for approval.

Structural Regulation

CSRC Eases Market Cap Requirement for CDR Issuance

By Editors | 04/05/2020

Innovative Chinese companies listed overseas will be eligible to list depositary receipts at home with just $2.8bn in market cap, compared to $28bn under 2018 rules.

Conduct, Culture & Accountability

HK Govt Under Fire for ‘False’ Justification of Broker Subsidies

By Manesh Samtani | 03/05/2020

Average daily market turnover jumped 54.5% in Q1 2020 compared to Q4 2019, which has led to a corresponding increase in brokerage revenues and profits.