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Payments & Settlements
HKMA Pushes for Greater Use of FPS for Business Payments
By Editors | 27/09/2023
For October, banks and SFV operators won’t have to pay settlement fees when using the FPS for payments from corporates and merchants.

Structural Regulation
HKEX Issues Consultation on Proposed GEM Listing Reforms
By Editors | 27/09/2023
The proposals include a new transfer mechanism for GEM companies to transfer to the Main Board and a new eligibility test for initial listing on the GEM board.

CBDCs
PBOC Adds CBDC Feature to Boost Adoption Among Foreigners
By Sanday Chongo Kabange | 27/09/2023
The e-CNY app now allows foreigners to top up their digital wallets using global payment networks Visa and Mastercard.

Sustainable Finance
Indonesia Launches Trading in New Carbon Credits Market
By Editors | 27/09/2023
IDX is the operator of the new carbon exchange, known as the IDXCarbon. Trading technology was provided by AirCarbon Exchange.

Sustainable Finance
Malaysia Commences Trading on Bursa Carbon Exchange
By Editors | 27/09/2023
BCX commenced trading on Monday. Bursa Malaysia said renewable energy certificates (RECs) will be offered on the carbon market by Q3 2024.

Structural Regulation
Capital Controls Eased for Foreign Investors in Beijing, Shanghai
By Editors | 27/09/2023
Beijing and Shanghai authorities announced measures that allow investment capital from foreign investors to freely flow in and out of China.

Trading & Investment
Malaysia to Create 200 Capital Market-Ready MSMEs by 2026
By Editors | 26/09/2023
A new MoU between the Securities Commission and SME Corporation Malaysia will enable more MSMEs to access the capital market for financing.

Conduct, Culture & Accountability
Australian Court Fines ANZ for Unlawful Credit Card Charges
By Sanday Chongo Kabange | 26/09/2023
ANZ was ordered to pay a A$15mn penalty, on top of A$8.3mn in remediation paid to over 186,000 credit card accounts.

Payments & Settlements
FSC Korea to Expand Loan Switching Platform to More Loan Types
By Editors | 26/09/2023
The online loan transfer system launched in May for credit loans will become available for mortgage loans for apartments and jeonse loans for all housing types.

Supervision & Enforcement
Evergrade Subsidiary Hengda Group Under Investigation
By Editors | 26/09/2023
Due to the investigation, Evergrande is now no longer qualified to issue new notes that were supposed to form part of its restructuring plan.
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