Trading & Investment

Trading & Investment

SEBI Raises Overseas Investment Limits for Mutual Funds

By Editors | 03/06/2021

The overseas investment limit was raised from $600mn to $1bn. For investments in overseas ETFs, the limit was raised from $200mn to $300mn.

Trading & Investment

Hong Kong Passes Bill to Increase Stamp Duty on Stock Trades

By Manesh Samtani | 03/06/2021

HKEX has asked market participants to prepare their systems in preparation for the 1 August stamp duty increase.

Structural Regulation

Philippine SEC Issues Draft Guidelines for ASEAN CIS Framework

By Editors | 03/06/2021

The draft guidelines will operationalise the supplemental MOU signed last month to admit the Philippines to the ASEAN CIS framework.

Market Data & Technology

IHS Markit Starts Publishing New Credit-sensitive Rates

By Editors | 02/06/2021

The new rates are aimed at helping to facilitate the transition away from LIBOR for firms that want a term rate with credit sensitivity.

Structural Regulation

Japan Considers Allowing SPAC Listings – Report

By Editors | 02/06/2021

Japan may allow SPAC listings on its markets as part of its growth strategy as early as next year.

Trading & Investment

PBOC Issues Guidance on USD Loans Ahead of LIBOR Cessation

By Manesh Samtani | 02/06/2021

Guidance was issued on the terms that should be included in new and old contracts referencing USD LIBOR as well as in new contracts referencing SOFR.

Structural Regulation

CSRC Implements ‘Whitelist’ System for Securities Sector

By Editors | 02/06/2021

The 29 firms that have entered the “white list” will receive lower levels of supervisory scrutiny and be allowed greater flexibility in their business processes.

Trading & Investment

Hong Kong, Shanghai Announce First ETF Cross-Listings

By Editors | 02/06/2021

The ETF cross-listing mechanism provides Chinese investors another avenue to access the Hong Kong market besides Stock Connect.

Market Abuse

ASIC Outlines Expectations on Activist Short Selling

By Manesh Samtani | 02/06/2021

Activist short selling can have a positive impact on market integrity, however it can also unduly distort the price of a target entity’s securities, ASIC says.