Structural Regulation

PEPs & Sanctions

China Military Pilot Training Targeted by US Export Controls

By Mark Johnston | 14/06/2023

US Commerce Department’s Bureau of Industry and Security added 43 entities to its Entity List for aiding China’s military modernisation programmes.

Payments & Settlements

India, Myanmar to Start Using Rupee for Trade Settlements “Soon”

By Editors | 13/06/2023

The RBI has so far authorised Punjab National Bank to open a special rupee vostro account for foreign trade settlements with Myanmar.

Payments & Settlements

India in Talks to Extend UPI’s Reach to Gulf Countries 

By Editors | 13/06/2023

India’s NPCI, with support from the RBI, is in talks to establish bank-to-bank transfer systems for cross-border remittances to Bahrain and Saudi Arabia.

Trading & Investment

CSRC Proposes New Rules for Fund Investment Advisory Industry

By Editors | 13/06/2023

The draft rules seek to strengthen supervision and control of fund investment consulting businesses, and improve services for investors.

Structural Regulation

HSBC Forms New ‘Innovation Banking’ Division Out of SVB UK Acquisition

By Sanday Chongo Kabange | 13/06/2023

The new ‘HSBC Innovation Banking’ brand will roll out globally in the coming months, with innovation-focused teams in the UK, US, Israel and Hong Kong.

Trading & Investment

Bursa Malaysia Expands List of Securities Approved for Short-Selling

By Sanday Chongo Kabange | 13/06/2023

Bursa Malaysia is expanding its list of securities approved for securities borrowing, securities lending and short selling.

Structural Regulation

Hong Kong Launches Network of Family Office Service Providers

By Sanday Chongo Kabange | 13/06/2023

The ‘Network of Family Office Service Providers’ will seek to support local and global family offices in setting up or expanding in the Hong Kong market.

Structural Regulation

CSRC Grants New Fund Manager Licence to Schroders

By Editors | 12/06/2023

Schroders becomes the fourth foreign-owned asset manager to set up businesses in China, after BlackRock, Fidelity Investments, and Neuberger Berman.

Market Abuse

CSRC Vows to Crack Down on Stock Market related Misconduct

By Mark Johnston | 11/06/2023

CSRC chairman Yi Huiman said the regulator will strengthen monitoring and supervision of equities trading, including in relation to new practices such as quantitative trading.