Markets & Infrastructure

Structural Regulation

China Mandates Private Capital Access in Major Projects, Boosts SME Financing

By Mark Johnston | 14/11/2025

The State Council rules aim to lift financing for private firms and open sectors from nuclear power to commercial space.

Tokenisation

MAS to Launch SGD Testnet for Live Tokenised Settlement Trials

By Nithya Subramanian | 14/11/2025

MAS will launch a Singapore Dollar Testnet for tokenised settlements and expand cross-border projects under Project Guardian and BLOOM to advance interoperable digital finance.

Market Abuse

Korea Boosts Whistleblower Rewards to Tackle Market Abuse

By Sanday Chongo Kabange | 14/11/2025

The SFC has signalled intent to increase its budget for rewards after average payouts for market abuse tip-offs more than doubled.

Payments & Settlements

UK, Singapore, Thailand to Jointly Test Synchronised FX Settlement

By Nithya Subramanian | 14/11/2025

The three central banks will trial atomic, real-time FX settlement using interoperable RTGS and DLT systems, aiming to strengthen cross-border payments infrastructure.

Tokenisation

Hong Kong Launches Live Pilot for Tokenised Deposits, Digital Assets

By Sanday Chongo Kabange | 14/11/2025

HKMA's new EnsembleTX project will test real-value settlement with major banks and asset managers, outlining a path to central bank money.

Structural Regulation

Malaysia’s SC Consults on Reforms to Market Segmentation Framework

By Nithya Subramanian | 14/11/2025

The SC proposes higher profit bar for Main Market listings, flexibility for renewable energy listings and new rules to strengthen ACE Market’s role.

Conduct, Culture & Accountability

New Zealand FMA Flags Rising Audit Non-Compliance

By Sanday Chongo Kabange | 14/11/2025

New Zealand’s FMA found 36 percent of reviewed audit files were non-compliant, highlighting weaknesses in fraud risk assessment and new quality management systems.

Trading & Investment

SFC Eases Client Interaction Rules for GBA Wealth Connect Scheme

By Sanday Chongo Kabange | 14/11/2025

The SFC has unveiled enhancements allowing one-off client consent and remote product discussions to improve the cross-boundary investment programme.

Conduct, Culture & Accountability

SEBI Panel Proposes Overhaul of Conflict-of-Interest Framework

By Nithya Subramanian | 14/11/2025

Report urges stronger transparency, uniform disclosure rules, and a new ethics office to reinforce integrity at India’s markets regulator.