Markets & Infrastructure

Payments & Settlements

HKMA Intervenes in Markets as IPO Interest Drives HKD Higher

By Manesh Samtani | 07/05/2025

If new IPOs in Hong Kong such as CATL perform well, capital inflows to the city will likely continue, and more intervention will be needed.

Structural Regulation

SEBI Consults on Mandatory Dematerialisation Before IPOs

By Nithya Subramanian | 07/05/2025

Only promoters are currently required to hold shares in dematerialised form prior to an IPO filing. SEBI proposes to expand this requirement to a broader group.

Supervision & Enforcement

China NFRA Updates Rules on Administrative Penalties

By Editors | 07/05/2025

The rules have been expanded in scope to include financial holding companies and strengthen protections for parties subject to penalties.

Structural Regulation

Japan Launches Registration System for Fund Manager Services

By Editors | 06/05/2025

Firms providing accounting, compliance and legal services to asset management firms can voluntarily register on the new system.

Trading & Investment

Korea to Allow Direct Fund Sales by Foreign Asset Managers

By Editors | 06/05/2025

South Korea will allow foreign asset managers to establish local subsidiaries to directly market affiliated funds to domestic institutional investors

Sustainable Finance

TOCOM to Oversee First Green Hydrogen Trial Auction

By Editors | 06/05/2025

The trial auction is part of Tokyo’s efforts to establish a hydrogen exchange and promote the adoption of hydrogen energy.

Structural Regulation

Thai SEC Redefines Private Funds as Institutional Investors

By Nithya Subramanian | 06/05/2025

Private funds are recognised as institutional investors without a requirement to “look through” to the qualifications of the underlying investors.

Trading & Investment

Chinese Regulators Crack Down on Margin Lending Practices

By Editors | 06/05/2025

Several mainland securities firms have been penalised for allowing investors to withdraw cash obtained from margin loans.

Credit Risk

China Tightens Rules on Supply Chain Finance to Aid SMEs

By Manesh Samtani | 06/05/2025

The regulations aim to create a more regulated and SME-friendly supply chain finance environment that aligns with the needs of the real economy.