Structural Regulation

Structural Regulation

Taiwan to Allow Local Firms to Open Domestic OBU Accounts

By Editors | 22/05/2020

The FSC and central bank have agreed to allow local companies to open OBU accounts at domestic banks to facilitate their access to foreign currency borrowing.

Structural Regulation

New US Law Could Force Chinese Companies to De-list

By Editors | 21/05/2020

New legislation passed in the US Senate will require companies to submit to an audit that can be reviewed by the PCAOB, and de-list firms that at noncompliant for three years.

Trading & Investment

S. Korea to Introduce New Measures to Enhance ABS Markets

By Editors | 21/05/2020

The requirement for ABS issuers to be rated BB or higher will be removed to facilitate the use of securitisation for SME and startup financing, among other measures.

Trading & Investment

Fidelity Applies for Approval to Sell Retail Funds in China

By Editors | 21/05/2020

Fidelity already operates four privately managed funds in China targeting institutional clients and high net-worth individuals.

Trading & Investment

Hong Kong: Securities Industry Subsidies to be Available from 25 May

By Editors | 20/05/2020

A cash subsidy of HK$50,000 will be available for securities firms ranked 15th onwards by market turnover, and HKD 2,000 for each individual licensed by the SFC.

Structural Regulation

S. Korea Set to Implement Asia Region Funds Passport

By Editors | 20/05/2020

Korea will join Japan, Thailand, Australia and New Zealand in implementing ARFP on 27 May, paving the way for cross-border sales of eligible publicly offered local funds.

Conduct, Culture & Accountability

SFC Fines Convoy Asset Management Over Bond Sales

By Editors | 20/05/2020

The firm failed to comply with product due diligence requirements, client suitability obligations and specific guidance on the sale of fixed income products.

Structural Regulation

New Listing Rules at Nasdaq to Impede Chinese IPOs – Reports

By Editors | 19/05/2020

Nasdaq will put a minimum $25mn value on the size of IPOs, making it harder for some Chinese firms to pursue a listing. A delisting notice has been filed against Luckin Coffee.

Structural Regulation

HSI Operator to Allow Dual Class Shares as Index Constituents

By Editors | 19/05/2020

WVR and secondary-listed companies from the Mainland will be eligible for including in the HSI and HSCEI. H-share companies with unlisted share capital will also be eligible.