Markets & Infrastructure

Structural Regulation

Mizuho Seeking Approval to Establish China Securities Unit

By Sanday Chongo Kabange | 26/06/2024

The CSRC has officially accepted an application from Mizuho seeking the establishment of a securities company in China.

Trading & Investment

Thailand Revises Rules on Short Selling, Algorithmic Trading

By Sanday Chongo Kabange | 26/06/2024

The revised rules introduce the uptick rule and a registration requirement for HFT investors, among other measures, effective from 1 July.

Fraud, Scams & Cybercrime

$137m Embezzled from Korean FIs from 2018-2023: FSS

By Nithya Subramanian | 26/06/2024

Less than 10% of the embezzled funds have been recovered to date. Meanwhile, the FSS has expanded its inspection team handling Woori’s latest embezzlement case.

Market Abuse

Japan FSA Orders MUFG Units to Correct Control Deficiencies

By Mark Johnston | 26/06/2024

The MUFG units breached Japan’s “firewall” regulations by sharing non-public client information without authorisation, the FSA said.

Conduct, Culture & Accountability

Hong Kong Revises Banking Code of Practice for Marketing Calls

By Sanday Chongo Kabange | 25/06/2024

The code sets out limits on the frequency of person-to-person marketing and confines the hours of making such calls, among other revisions.

Structural Regulation

US Teasury Proposes Rules to Curb Investment in Chinese Tech

By Editors | 25/06/2024

The proposed rules prohibit US investment in certain technologies and products, and require notification for certain other transactions.

Structural Regulation

UBS Partially Offloads Stake in Credit Suisse China Venture

By Nithya Subramanian | 25/06/2024

UBS had to reduce its stake because foreign shareholders are not allowed to simultaneously hold majority stakes in more than one domestic brokerage.

Trading & Investment

Invesco Launches First European ETF Tracking ChiNext

By Nithya Subramanian | 25/06/2024

The fund will invest in companies involved in innovative sectors such as artificial intelligence, electric vehicles, robotics and biotech.

Trading & Investment

Nasdaq Scrutinising IPO Applicants from China, Hong Kong

By Mark Johnston | 25/06/2024

Nasdaq officials have reportedly been inquiring into the identities and independence of pre-IPO investors of Chinese and Hong Kong companies seeking to list in the US.