Structural Regulation

Trading & Investment

HKFE Announces Launch Date for Hang Seng TECH Index Options

By Editors | 31/12/2020

The Hang Seng TECH Index Futures, introduced in November, have now been certified by the CFTC to be offered and sold to persons in the US.

Structural Regulation

Chinese Regulators Order Ant Group to Reorganise Business

By Manesh Samtani | 31/12/2020

Ant Group is directed to refocus on its payments business and correct regulatory violations in its credit, insurance, wealth management and asset securitisation businesses.

Trading & Investment

IOSCO Seeks Views from Market Participants on ETF Market

By Editors | 30/12/2020

IOSCO asks asset managers, liquidity providers and market-makers to help it obtain a more granular understanding of ETFs.

Credit Risk

Korea to Lower Max Interest Rate on Loans in H1 2021

By Editors | 30/12/2020

A new enforcement decree will take effect in February 2021, lowering the maximum interest rate on loans from 24% to 20%.

Structural Regulation

NYSE Gets SEC Green Lights to Allow Direct Listings

By Editors | 29/12/2020

Companies will be able to directly sell shares in an auction without a traditional underwriter, enabling investors to participate in new listings more readily.

Conduct, Culture & Accountability

SFC, HKMA Offer Clarity on Product Disclosure, Suitability Obligations

By Manesh Samtani | 29/12/2020

The SFC and HKMA say firms may adopt a risk-based approach to streamline the provision of product disclosures for sophisticated or experienced investors.

Conduct, Culture & Accountability

ASIC Demands Better Practices to Improve Audit Quality

By Editors | 29/12/2020

ASIC is currently considering or progressing enforcement action for auditor misconduct in twelve cases, as part of efforts to improve audit quality.

Structural Regulation

Chinese Banks Urged to Extend Financing Support to Foreign Funded Firms

By Editors | 23/12/2020

Major foreign-funded companies should get equal access to some financing programmes as their Chinese counterparts, said a circular from MOFCOM and the CBIRC.

Structural Regulation

Chinese Fintechs Remove Bank Deposit Products from Online Platforms

By Editors | 23/12/2020

Smaller regional lenders have circumvented the geographical limits of their licences by offering deposit products on online platforms operated by Ant Group and Tencent, among others.