Structural Regulation

Structural Regulation

Cross-boundary Wealth Management Connect Launched

By Manesh Samtani | 10/09/2021

The PBOC, HKMA and AMCM have published the implementation details to support the launch of the Cross-boundary Wealth Management Connect Pilot Scheme.

Trading & Investment

First BlackRock Mutual Fund in China Raises $1bn

By Editors | 10/09/2021

BlackRock is the first foreign asset manager to launch a wholly-owned onshore mutual fund business in China.

Structural Regulation

Sri Lanka Passes New SEC Act to Bolster Capital Market

By Duruthu E Chandrasekera | 09/09/2021

SEC chairman Viraj Dayaratna described the new law as “futuristic”, saying it will help to increase market liquidity and attract foreign investment.

Emerging Prudential Risks

IOSCO Says Credit Sensitive Rates Pose Financial Stability Risk

By Manesh Samtani | 09/09/2021

IOSCO says SOFR should be used in place of USD LIBOR and that it will be closely monitoring how the “IOSCO badge” is used in compliance assessments of credit sensitive rates.

Trading & Investment

China: AMAC Approved Launch of First Pictet QDLP Fund

By Editors | 08/09/2021

The new fund will enable domestic investors in China to invest offshore in financially stressed and distressed companies, predominantly in Europe.

Conduct, Culture & Accountability

CSRC to Bolster Supervision of Securities, Fund Practitioners

By Sanday Chongo Kabange | 08/09/2021

The CSRC will organise on-site inspections to ensure securities and fund practitioners adhere to professional ethics obligations and improve governance.

Payments & Settlements

China, Indonesia Launches Local Currency Settlement Framework

By Sanday Chongo Kabange | 08/09/2021

Bank Indonesia has also recently expanded its local currency settlement frameworks with Japan, Malaysia and Thailand.

Trading & Investment

Greater Bay Wealth Connect Launch Imminent

By Manesh Samtani | 07/09/2021

An announcement may come as early as Friday, ahead of a formal launch on the first Monday after China’s Golden Week holiday.

Structural Regulation

Bank Indonesia Raises Mandatory MSME Lending Thresholds

By Pongnut Thanaboonchai | 07/09/2021

The mandatory minimum MSME lending requirements will be increased in phases. Lenders that fail to meet the thresholds will face a maximum penalty of IDR 5 billion.