Structural Regulation

Structural Regulation

SFC Extends Deadlines on Three Regulatory Initiatives

By Editors | 31/03/2020

The deferred initiatives relate to new requirements on external data storage, client asset protection, and brokers’ systems for maintaining order life cycle data.

Structural Regulation

Xiaomi-backed Virtual Bank Launches Hong Kong Pilot

By Editors | 31/03/2020

The pilot will allow 2,000 friends and relatives of Airstar, Xiaomi and AMTD Group employees to trial new virtual banking services under the HKMA’s sandbox.

Structural Regulation

SEBI Extends Implementation Timelines on Key Market Reforms

By Editors | 31/03/2020

The new stewardship code for mutual funds is deferred three months. Portfolio managers, AIFs, and VC funds have two more months to comply with new disclosure requirements.

Trading & Investment

Short-selling Bans Fail to Achieve Positive Effects: WFE

By Manesh Samtani | 31/03/2020

In Asia, South Korea, Malaysia and Indonesia have imposed short-selling bans, while Thailand, Taiwan and India have tightened their rules to make the practice more difficult.

Trading & Investment

China Launches New LPG Futures, Options Contracts

By Editors | 31/03/2020

The day-apart launches mark the first time futures and options for a single product debut nearly simultaneously on a Chinese commodities exchange.

Structural Regulation

India: State Bank Merger Plan Takes Effect on 1 April

By Editors | 31/03/2020

A plan to merge ten state-run banks into four takes effect from 1 April, in a move that will help consolidate their national presence and extend their global reach.

Structural Regulation

Goldman, Morgan Stanley Approved to Control China Securities JVs

By Editors | 29/03/2020

The two US banks have approval to raise their stakes in their securities joint ventures to 51%. On 1 April, foreign ownership caps for securities firms and fund managers will be scrapped entirely.

Alternative Markets

A New Structure for Private Equity Funds in Hong Kong

By Su Cheen Chuah | 28/03/2020

The Limited Partnership Fund Bill will be seen by PE industry stakeholders as a positive step towards bringing Hong Kong’s active PE market onshore, says international law firm Deacons.

Structural Regulation

CBIRC Issues New Rules for Insurers’ Asset Management Products

By Editors | 27/03/2020

Insurance asset management products may not invest more than 35% of net assets in shadow banking assets, and may not invest in commercial banks’ credit assets directly.