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Payments & Settlements
Tencent Directed to Reduce WeChat Pay’s Market Share – Report
By Editors | 30/05/2024
Regulators reportedly directed Tencent to reduce WeChat Pay’s market share for in-person QR payments.

PEPs & Sanctions
HSBC Completes Sale of Russian Unit to Expobank
By Editors | 30/05/2024
The deal received approval in February but it has taken until now for the sale to be successfully concluded.

Tokenisation
Major FMIs Offer Blueprint for Digital Asset Ecosystem
By Editors | 30/05/2024
DTCC, Clearstream And Euroclear seek to promote the adoption and acceptance of tokenisation and digital asset securities.

Structural Regulation
ASIC to Launch New Professional Registers Search in June
By Sanday Chongo Kabange | 30/05/2024
The platform will allow users to search for a licence or registration across multiple registers with a single search.

Trading & Investment
Korea Proposes Rule Changes for Convertible Bonds Market
By Nithya Subramanian | 30/05/2024
The changes will strengthen disclosure requirements for CB issuance and enhance the rules for refixing convertible prices.
Trading & Investment
China Establishes New Investment Fund for Chip Sector
By Editors | 29/05/2024
This is the third phase of the fund, which for the first time includes investments from the major state-owned banks.

Conduct, Culture & Accountability
SFC Suspends Former RO for 4 Years Over 2019 Share Placement
By Sanday Chongo Kabange | 29/05/2024
The share placement failures were attributable to the former RO’s neglect, gross negligence or recklessness, the SFC said.

Trading & Investment
SEBI Issues New Protocol for Commodity Trading Outages
By Ajoy K Das | 29/05/2024
In the event of a disruption, stock exchanges have to inform SEBI immediately and market participants within 15 minutes.

Structural Regulation
CSRC Tightens Rules on Share Disposals by Key Executives
By Editors | 29/05/2024
The rules prohibit major shareholders and senior managers of listed companies from offloading shares under certain situations.

Trading & Investment
KRX Chief Outlines Four-Pillar Strategy to Boost Stock Market
By Editors | 29/05/2024
KRX will support the Value-Up Programme, introduce new products, delist zombie companies, and grow its data and index business.
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