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Reporting on regulatory frameworks and rules governing market design, authorisation, and oversight of key financial market participants and infrastructures.
Structural Regulation
ASX Calls for Reforms Around Class Actions, Litigation Funding
By Editors | 22/06/2020
The benefit of securities class actions may disproportionately benefit litigation funders rather than plaintiffs in those proceedings, with the costs falling on the shareholders, ASX says.
Structural Regulation
China to Ease Rules on Foreign Strategic Investment in Listed Companies
By Editors | 22/06/2020
The revisions lower foreign investor asset requirements, reduce the lock-up period from three years to 12 months, and expands investment channels to include IPOs and tender offers.
Structural Regulation
CBIRC Allows AIA to Incorporate as Wholly-owned Subsidiary in China
By Editors | 22/06/2020
The new subsidiary will become the first wholly foreign-owned life insurance company approved for incorporation in mainland China.
Trading & Investment
SSE Revamps Index Methodology to Better Reflect Market Performance
By Editors | 22/06/2020
Index stocks with risk warnings will be removed, CDRs and STAR Market stocks will be included, and the timeframe for including newly-listed stocks will be extended.
Trading & Investment
CSRC to Further Promote Shanghai as International Financial Centre
By Editors | 22/06/2020
The pace of opening up China’s capital market has further accelerated, in spite of the Covid-19 pandemic, CSRC chairman Yi Huiman said at the 12th Lujiazui Forum in Shanghai on Thursday.
Anti-Money Laundering
European Fintechs Launch New Industry Association
By Editors | 19/06/2020
The European FinTech Association will seek to remove cross-border barriers in financial services, including to streamline fragmented AML rules and address IBAN discrimination.
Structural Regulation
CSRC Approves Full JP Morgan Control of Futures Joint Venture
By Editors | 18/06/2020
JP Morgan will boost its stake in the joint venture from 49% to 100%, making it the first fully foreign-owned futures business in China.
Structural Regulation
MAS: 14 of 21 Digital Bank Applicants Assessed as ‘Eligible’
By Editors | 18/06/2020
These applicants assessed as eligible will progress to the next stage of assessment, where they will be invited to present their proposals via virtual meetings.
Structural Regulation
ASIC Guidance Sets Out Scope of Product Intervention Powers
By Editors | 18/06/2020
The product intervention power allows ASIC to respond to harms in the financial sector, but it must consult with affected persons before each use of the power.
Trading & Investment
China Pacific Insurance Lists GDRs in London
By Editors | 17/06/2020
The issuance is the largest capital raising on the LSE in three years, even at a 10% discount to China Pacific Insurance’s corresponding A-shares in Shanghai.
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