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Markets & Infrastructure
Custody & Infrastructure
CSRC Grants Fund Custody Licence to HSBC’s China Unit
By Editors | 03/11/2024
HSBC is the fifth foreign bank to be granted a fund custody licence, after StanChart, Citibank, Deutsche Bank and BNP Paribas.
Trading & Investment
Hong Kong Lists First Company via De-SPAC Transaction
By Editors | 03/11/2024
HK Acquisition Corp completed a merger with e-commerce solutions provider Synagistics, making it the first de-SPAC transaction completed in Hong Kong.
Trading & Investment
SFC, CSRC Announce First Batch of Brokers Eligible for WMC Scheme
By Manesh Samtani | 02/11/2024
The list includes the likes of CICC, China Merchants Securities, CITIC Securities, Guotai Junan Securities, and Huatai Securities.
Supervision & Enforcement
CSRC Penalises CICC Over Sponsor Due Diligence Failures
By Editors | 02/11/2024
CICC was fined for failure to perform due diligence as the IPO sponsor of S2C Limited, which was found to have inflated its financial results.
Trading & Investment
China Eases Rules for Foreign Investment in Domestic Stocks
By Manesh Samtani | 02/11/2024
China lowered the asset requirement, shareholding ratio and lock-up period for foreign strategic investors in domestic stocks.
Structural Regulation
Nasdaq, Cboe Challenge SEC Amendments to Reg-NMS
By Thisanka Siripala | 01/11/2024
The amendments lower the cap on fees that exchanges can charge brokers for accessing the best displayed prices.
Structural Regulation
US Publishes First Ever National Strategy on Financial Inclusion
By Editors | 01/11/2024
The strategy calls on FIs to help consumers open transaction accounts, expand credit access for underserved communities, and help consumers build retirement savings.
AI Risk & Governance
BOE Flags Potential Risks of GenAI for Financial Sector
By Thisanka Siripala | 01/11/2024
BOE’s Sarah Breeden suggested that stress tests be conducted to determine whether AI models could amplify market shocks.
Cryptocurrency
MAS Grants In-Principle Approval to Crypto Firm Gemini
By Nithya Subramanian | 01/11/2024
The licence will allow Gemini to provide cross-border money transfers and digital payment token services in Singapore.
Structural Regulation
US, Taiwan to Start Negotiating Agreement to Address Double Taxation
By Editors | 01/11/2024
Currently, Taiwanese businesses and individuals are taxed on their income by both the US and Taiwanese governments.
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