Markets & Infrastructure

Trading & Investment

Mainland Investors Cut Off from Using Northbound Stock Connect

By Manesh Samtani | 25/07/2023

As of 25 July, exchange participants are not allowed to register new BCANs for clients who are Mainland investors.

Trading & Investment

Enhancements to Wealth Connect, Bond Connect Coming ‘Soon’

By Editors | 25/07/2023

Regulators to include more products in Wealth Connect and southbound Bond Connect, while allowing more investors to participate.

Payments & Settlements

China Issues Draft Rules to Boost Cross-Border Trade and Investment

By Editors | 25/07/2023

China’s foreign exchange regulator, SAFE, proposes draft rules to advance cross-border trade, calling for public input until 2 August 2023.

Anti-Bribery & Corruption

Disgraced Former CSRC Official Has a New Job at PBOC – Report

By Editors | 25/07/2023

Former CSRC chief Liu Shiyu was previously punished for using his position and power to seek personal gains for others.

Market Abuse

CSRC Issues Rules on Short-term Stock Trading by Company Insiders

By Editors | 25/07/2023

The rules apply to major shareholders, directors, supervisors, and senior managers of listed companies, as well as their spouses, parents, and children.

Emerging Prudential Risks

Sri Lanka Approves New Central Bank Act

By Duruthu E Chandrasekera | 24/07/2023

A separate governing board will be formed in addition to the monetary policy board to improve bank oversight and reduce conflicts of interest.

Payments & Settlements

India, Sri Lanka Sign UPI Acceptance Agreement

By Editors | 24/07/2023

India and Sri Lanka signed a network-to-network agreement to enable UPI acceptance in Sri Lanka.

Structural Regulation

China to Loosen Rules on Foreign Investment in Asset Management Firms

By Editors | 24/07/2023

The draft rules will relax regulations on foreign investment in asset management businesses as part of a drive to attract more overseas investors.

Supervision & Enforcement

FSS Korea Directs Chinese Banks to Address Regulatory Violations

By Sanday Chongo Kabange | 24/07/2023

The FSS has directed three Chinese banks with branches in Seoul to take corrective measures to rectify disclosure and reporting violations.