Markets & Infrastructure

Structural Regulation

ASIFMA: HK Financial Secretary Lauds China as Global Standards Setter

By JP Reimann | 17/05/2018

James Lau said China is becoming a pioneer in setting global standards with an “open and supportive regulatory environment”; HK a “premier listing platform” for mainland enterprises.

Structural Regulation

Shanghai to Allow Foreign Banks to Set Up Branches, Subsidiaries

By Garima Chitkara | 16/05/2018

China will allow foreign banks to set up branches and subsidiaries in Shanghai amid a host of measures to further open up the city’s financial sector.

Trading & Investment

ASIC Consults on Relief from Naked Short Selling Prohibitions

By Garima Chitkara | 16/05/2018

ASIC proposes to grant legislative relief on naked short selling prohibitions for ETF market-making, corporate actions and IPO sell-downs.

Structural Regulation

New SEBI Committee to Rework FPI Rules

By Garima Chitkara | 16/05/2018

New committee to rationalise foreign investment rules and remove ambiguities and gaps in the FPI regime while keeping the broad framework intact.

Conduct, Culture & Accountability

SFC Fund Manager Code of Conduct – What You Need to Know

By Derek McGibney | 16/05/2018

The ten key points you need to know about the SFC’s consultation conclusions on changes to the Fund Manager Code of Conduct, due to be implemented in six months’ time.

Cryptocurrency

Taiwan’s Fubon Bank Launches Blockchain Payment System

By JP Reimann | 16/05/2018

Fubon becomes first Taiwanese bank to launch blockchain-based retail payment system, cutting transaction times to less than one second.

Structural Regulation

IOSCO Meets to Discuss Investor Protection, Emerging Risks

By JP Reimann | 15/05/2018

Board to develop support framework to help members address impact of ICOs on investor protection; agree to launch ‘Fintech Network’ to facilitate collaboration on fintech.

Trading & Investment

HKMA Reveals Details of Pilot Bond Grant Scheme

By Garima Chitkara | 14/05/2018

Eligible bond issuers can apply for a grant equivalent to half of eligible issuance expenses, including for debt origination and structuring, legal, audit, sales and distribution, up to HKD2.5mn.

Trading & Investment

China Launches Tri-party Repos

By Garima Chitkara | 14/05/2018

First tri-party repo transactions concluded among seven institutions on the Shanghai Stock Exchange on 9 May 2018.First tri-party repo transactions concluded among seven institutions on the Shanghai Stock Exchange on 9 May 2018.