Markets & Infrastructure

Trading & Investment

LegCo Progresses Work to Waive REIT Trading Stamp Duty

By Sanday Chongo Kabange | 17/07/2024

Legislative proposals will be introduced this year to waive stamp duty for REIT transactions and options market-making.

Reporting & Disclosures

ASEAN Exchanges to Pursue Four POCs to Improve Competitiveness

By Nithya Subramanian | 17/07/2024

The POCs focus on developing common data infrastructure, enhancing capacity building, and creating a marketplace for transition financing and ESG investment.

Conduct, Culture & Accountability

Chinese Firms Claw Back Executive Bonuses Paid in Hong Kong

By Editors | 17/07/2024

Hong Kong-based executives and former employees of some state-owned FIs have been asked in recent months to pay back part of their past bonuses.

Payments & Settlements

FSB Proposes Measures to Address Cross-border Payment Frictions

By Manesh Samtani | 17/07/2024

Two new FSB reports offer policy recommendations to address legal, supervisory and regulatory frictions in cross-border payments.

Cryptocurrency

Korean Lawmakers Propose Revision Bill to Postpone Crypto Tax

By Editors | 17/07/2024

The financial investment income tax, which would impose a 20-25% capital gains tax on stock, bond and fund investments, is also expected to be abolished or postponed.

Trading & Investment

UK FCA Finalises Guidance for New Derivatives Reporting Framework

By Editors | 17/07/2024

The FCA finalised Q&As and validation rules to support implementation of the new framework from 30 September 2024.

Trading & Investment

HKEX to Launch ID-based Self-Match Prevention Service on 22 July

By Editors | 16/07/2024

The new “ID-based SMP” service will be available in the derivatives market from 22 July. An optional connectivity test will be provided on 20 July.

Conduct, Culture & Accountability

China Issues New Marketing Guidelines for Online Loans

By Editors | 16/07/2024

NIFA calls on FIs and third-party internet platforms to standardise their online loan marketing activities and abide by 19 measures set out in the guidelines.

Conduct, Culture & Accountability

ASIC Intervenes to Secure Fee Refunds for Bank Customers

By Sanday Chongo Kabange | 16/07/2024

ANZ, Bendigo and Adelaide Bank, CBA and Westpac will refund over A$28mn to low-income customers who were charged inappropriately high fees.